$279,000.00
Asking Price
Address: San Jose,
Status: Active
Posting ID: 279507
5/4/23
Description
This restaurant offers authentic North Indian cuisine. It has been established under the same ownership since 2017. The restaurant is in the North San Jose neighborhood, known for its tech industry, with many tech companies and research institutions located nearby. The neighborhood is also home to various residential and commercial areas, parks, and recreational spaces. The sellers are retiring. This well-established and popular spot offers extremely high upside potential for an owner-operator. An energetic and tech-savvy buyer could benefit from online tools for boosting revenue through delivery and catering services. The current owner is looking to sell the restaurant due to personal reasons. They are willing to work with the new owner to ensure a smooth transition and provide training and support as needed.
Equipment:
Type-1 10' hood, Walk-in Cooler, Two door Arctic Air Freezer, Tandoor Oven, 6 Burner Range with Oven, 1 Burner Stove, 4 Compartment Buffet Server, Fryer, and Much More. A complete list of equipment is available with the Listing Broker.
General Information:
Organization: LLC | Square Footage: Ste-B 900 Sq. Ft., Ste-D 900 Sq. Ft. | Licenses Required: City Bus Lic, Health Permit, Sellers Permit| Tues Sun Hours: 11 am to 3 pm, 4:30 pm to 9:30 pm (Monday closed) | Reason for Sale: Family Hardship |
Seating Capacity: Ste-B 30, Ste-D 50.
Lease Information:
Rent: $6,240/month, including NNN
Lease: Seller's current term expires on Aug 31, 2024, plus a 5-year option.
Revenue:
Sales: ~$60,000 to 70,000/Month (As per Seller, not verified by the Broker)
Financing: All cash
All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents can not and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
To get more information about this Indian Restaurant business for sale in San Jose please phone Harry Sidhu, CBB, CBI (Intermediary, ProBuySell Member, Broker - BRE License #:01433114) at 510-490-9705 and 510-490-9705 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #279507 on BizBen.com. In addition to phoning Harry Sidhu, CBB, CBI, make sure you email Harry Sidhu, CBB, CBI above to get more info about this Indian Restaurant, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01433114. Mission Peak Brokers, Inc..
Contact
Details
Asking Price: $279,000.00
Down: Call/Email
Cash Flow: Call/Email
Revenue: $712,000.00
Area: San Jose
City: San Jose
Attributes:
My Notes About This Listing
Cash flow
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