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| Phone: 408-829-2315 | |
| Fax: 408-926-9602 | |
| maggyslavova@yahoo.com |
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RESTAURANT FOR SALE FOR SALE: |
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GTR#: 1608
MEDITERRANEAN RESTAURANT
Asking Price: $160,000
San Jose, CA 95113
| Size/Seating Capacity: | Approximately 1,900 sq .ft./ 55 seats |
| Rent: | $3,100, plus property taxes |
| Lease Terms: | 2024 |
| Revenue: | To qualified buyers only |
| Printable Flyer | Non-Disclosure Agreement (NDA) |
PROPERTY PROFILE
Newly renovated, full service restaurant in the Downtown of San Jose. Walking traffic from businesses, banks, residential all day and weekends; parking validation; free street parking after 6 PM. The capacity is 55 seats. Street patio seating is possible. The full kitchen has an upgraded fire system, oven, stove with 6 burners, a commercial fryers, grills, preparation tables, salad preparation table with cooler, freezers and coolers. The kitchen can be adjusted to any kind of cuisine. There is an ice maker, beverage coolers, various sinks, water heater, grease trap, 2 ADA bathrooms. All major utility systems were upgraded/replaced in 2012, including gas line/plumbing, electrical, HVAC equipment, lighting facilities, fire protection system, fixtures, interior walls, ceilings, floors, windows, doors. Long term lease, expires in 2024 (including two 5-year options). NDA is required.
GENERAL INFORMATION
| Location: | Downtown San Jose |
| Co Tenants: | Stores and restaurants |
| Signage: | Outside Building Signage, Inside Building Signage | Ownership: | LLC |
| Seating: | 55 Seating |
| Size: | Restaurant: 1,900 square feet |
| Parking: | Street parking (free after 6 PM) and Parking Validation |
| License(s): | Business, Sale Permit, Liquor License type 41 |
| Open: | Open 7 days a week. 11 AM - 9:30 PM. Possible opening to midnight. |
| Reason For Sale: | Owner ownes another business |
LEASE INFORMATION
| Lease/Rent: | $3,100 . |
| Lease Expiration: | 2014, 2019, 2024 |
| Yearly Adjustment: | $100 |
| Lease Option: | 1st 5-year option: rent $3,200-$3,600
($100 increase each year) 2nd 5-year option: rent $3,800-$4,400 ($150 increase each year) |
| Security Deposit: | $5,000; $1,000 Lease assignment fees |
FINANCIAL INFORMATION
| Revenue: | Not disclosed |
| Cash Flow: | Not disclosed |
| Equipment/ Inventory: | Equipment List |
| Payroll: | 1- full time, 2 - part time, owner works |
| Expenses: | Rent, Utilities, Insurance, Property tax, Maintenance |
| New Terms: | All Cash |
CONTACT INFORMATION
| Listed by: | Maggy Slavova | |
| Phone: | 408.829.2315 | |
| Phone: | 408.771.7730 | |
| Fax: | 408.926.9602 | |
| Email: | maggyslavova@yahoo.com maggy@goldentrustrealty.com |
DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.