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| Phone: 408-829-2315 | |
| Fax: 408-926-9602 | |
| maggyslavova@yahoo.com |
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STEAK RESTAURANT FOR SALE: |
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GTR#: 1614
STEAK AND WINGS RESTAURANT
Asking Price: $65,000
SAN JOSE, CA 95131
| Size/Seating Capacity: | Approximately 1,550 sq .ft./ 41seats |
| Rent: | $6,100 NNN |
| Lease Terms: | 5 years, expires 2016, 5-year option |
| Revenue: | $40K-$43K per month |
| Printable Flyer | Non-Disclosure Agreement (NDA) |
PROPERTY PROFILE
This is a well-established steak, sandwich and wings restaurant located in a very popular business center near CISCO, other high-tech businesses and hotels. Very busy for lunch and diner. The capacity is 41 seats. The restaurant has a full kitchen with two hoods 10' and 3', three deep fryers, 2-burner stove, 5' flat grill, ice machine, salad preparation cooler, double-door commercial freezer, 1 and 3 door refrigerator, beverage cooler, preparation tables, various sinks, water heater, ADA bathroom. Opens 6 days a week. The store can be converted into another food-service business. Lease expires in 2015 and has a 5-year option. Steady income. NDA is required.
GENERAL INFORMATION
| Location: | Business center |
| Co Tenants: | Restaurants and other business |
| Signage: | Building Signage | Ownership: | Corporation |
| Seating: | 41 Seating |
| Size: | 1,550 square feet |
| Parking: | Business center parking |
| License(s): | Business, BOE |
| Open: | Open 6 days a week. 11 AM - 8:30PM. Saturday 11AM-4:30PM |
| Reason For Sale: | Other interests |
LEASE INFORMATION
| Lease/Rent: | $6,100 plus $2,090 NNN |
| Lease Expiration: | June 2016 |
| Yearly Adjustment: | TBD |
| Lease Option: | One 5 year option |
| Security Deposit: | $15,000 |
FINANCIAL INFORMATION
| Revenue: | $40,000 - $43,000 per month |
| Cash Flow: | To qualified buyers |
| Equipment/ Inventory: | Equipment List |
| Payroll: | 2- full time, 3-part time |
| Expenses: | Rent, Utilities, Insurance, 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.