Restaurant & Bar

Restaurant & Bar

Available

$950,000.00

  • 5
  • 2
  • 3

Listing Number :

 3825

Status :

Expired

Price :

$950000

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Area

3200

Description

Located on a corner, in the center of a largely constructed apartment complex on busy cross streets. Built in 2017, with an investment of 1.3 million for interior design, and construction of a business; the establishment is built for large capacities. Located near downtown San Jose along with the SAP center the bar and kitchen are designed for efficiency and high volume. Seller claims his Gross Annual Sale is about $700,000 with current inventory of $50,000. Base Rent is $7,825 a month for a great Lease, which expires 2027 with 1 x 5 years option. #3825

Business Information Financial Information
Ownership Type:  Corporation
Year Established: 2017
Year Purchased: 2017
Business Type: Restaurant
License(s) Required: Business, Heath, ABC
Hours of Operation: 11 am-11 pm
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3825
Date Available: 12/9/2019
Reason For Sale:
Annual Total Revenue: 700000
Annual Net Income:
Inventory: 50000
Monthly Payroll: 18000
Lease Information
Base Rent: 7825/m
Lease Expires: 2026
Lease Option: 1 x 5 years option
NNN:
 
Financing Information
Down Payment: 950000
Owner Will Carry:
Other Finance Terms:

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