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For Sale: Coffee Shop Restaurant - Fully Absentee Run - South Bay Area

NDA   |  

Current Status: Active     Posting #: 274336     Last Refreshed: 8/15/22    
Contact: Ahmad Rismanchi At 510-938-1855 Cell , 510-938-1855 Text  -  Also Email This Contact Below
Asking Price:  $1,200,000     Down Payment:  Open     Annual SDC:  $204,000     Annual Gross:  $1,900,000    
Business Address:  None Given     City:  None Given     Zip:  95128    
Attributes:  Broker-Broker Coop, Absentee Run, Semi-Absentee Run, Training & Support
The subject business was established year 2007 and present owner is operating since 2015.

There is an existing SBA loan for $500,000 at 1% rate.
Monthly payment is $3,000 per month which it could be assume by buyer.
Also there is a back rent for some of $300,000 which this could be assume as liability by buyer, these two amount
To be adjusted from asking price accordingly .
The landlord is the city of San Jose and they are very cooperative for transferring this liability to buyer.

The restaurant capacity are as follow

1, banquet hall 200
2, dining area 190
3, bar area 45

Total capacity 435

Lease term is until 2037

Sq ft of the building is 11,700

Monthly rent is $15,715 per month

The restaurant is located close to city hall and library
High foot traffic.

Seller is very motivated.

To get more information about this Coffee Shop Restaurant - Fully Absentee Run business for sale in South Bay Area please phone Ahmad Rismanchi (Agent - BRE License #:00819052) at 510-938-1855 Cell and 510-938-1855 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #274336 on BizBen.com. In addition to phoning Ahmad Rismanchi, make sure you email Ahmad Rismanchi above to get more info about this Coffee Shop Restaurant - Fully Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you. License # 00819052. Realty Experts.


Email Ahmad Rismanchi Below About This Posting




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For Best Results & Response, Email & Phone This Contact: Ahmad Rismanchi at 510-938-1855 Cell and 510-938-1855 Text.



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