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Listing View: Family Full-Service Restaurant & Lounge - San Jose, California


Family Full-service Restaurant & Lounge
San Jose, California

Offered at:
$495,000

Office Listing #   7785GC
Revenue: $681,551 / year
Cash Flow: $0 / year
Lease Rent: 4,500+280
Square Feet: 4,500

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 Listing Description

Full-service family restaurant seats 105 plus lounge seats 100 located on a pad building on the morning commute side of a 6-lane expressway. Established 46 years, same owner for last 32 years wants to retire. Type 47 ABC license, games, karaoke 5 nites a week. Regular crowd plus some banquet business. Looks very nice inside, walkin ref and freezer, big dry storage, great cookline with big hood. Employees are career food servie pros. An experienced owner/operator will be very pleased with sales and profits if he observes the business for a while.

General Information
Contact Information
Organization:   Corporation
Year Established:   1975
Current Owner:   1979
# of Employees:   13FT, 4PT
Seating:   205
Square Foot/Size:   4,500
Parking:   large common lot
License(s) Required:   ABC, Biz, Health
Days Open/Hours:   7-10R, 11-2BAR
Reason For Sale:   Retirement
     
Financial Information
Revenue:   $681,551 / year
Cash Flow:   $0 / year
Payroll:   $17,760 / month
FF&E:   $150000
     
Lease Information
Lease Rent:   4,500+280
Lease Expiration:   new 5-yr lse
Yearly Adjustment:   schedule
Lease Option:   5 years
Security Deposit:   4,500
     
Financing Information
All Cash:   495000
Listed by:   Elaine Nolan
 Business Team
Email: Email Seller
Phone:  (408)385-0412
Fax:  (408) 246-2219
Website:  www.business-team.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
      Confidential Statement: Download


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The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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