Freestanding Restaurant In San Jose Price Reduced For Sale

Business description

Freestanding Restaurant-major St-$1 Million Spent On Remodel With $1.4 Millsales New Price Reduction

RRC#: 1623
Asking Price: $165,000
Location: On Major Thoroughfare, San Jose, California
Yearly Revenue: $1,440,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $13,782

LISTING DESCRIPTION:
This freestanding remodeled restaurant is on one of the city's major streets. The restaurant has high visibility and easy access from highway 280 and is near one of the city's most popular destinations and near a major regional shopping mall. The restaurant is currently a self service buffet restaurant but could easily become a full service restaurant without the buffet concept. The restaurant is well equipped to accommodate private parties as the front dining room seats approximately 150 and the back dining room seats approximately 120 and there is a combination of tables and chairs and booth seating in both dining areas. There are several buffet lines as follows: 3 - 4' cold buffet lines, 3 - 8' hot buffet lines, 5 - 8' cold buffet lines and a 6' cold buffet line. There is also a display kitchen, large full kitchen, dish washing area and large prep kitchen. Some of the equipment includes as follows: 21', 9' and 5' type 1 hoods with fire suppression systems, 7 unit and 2 unit wok stations, 3 door undercounter refrigerator + sandwich station, rice warmer, 5 hand sinks, 3 full door refrigerator, 3 double basket fryers, convection oven, 2 compartment sink, ice maker, mop sink, 2 - 3 compartment sinks, dishwasher, dishwasher sink + rinse hose, 3' flat grill, grinder, 2 stock pot burners, rice cooker, full door glass refrigerator, 2 hot water machines, sushi machine, 4' display freezer, 2 door undercounter refrigerator, POS system, full door glass refrigerator and Flat screen TV, etc. There are also 2 ADA restrooms, a number of service stands, waiting area and office area.

GENERAL INFORMATION:
Organization: Corporation | Current Owner: 2011 | Seating: 250+ : 150 front dining room + 120 back dining room | Square Footage: 7,797 Building 50,965 Lot | Parking: Large parking lot | Licenses Required: Business, ABC Type 41 (beer & wine) | Days Open/Hours: 7 / 11a-3p & 5p-9p | Reason For Sale: Other interests |

FINANCIAL INFORMATION:
Yearly Revenues: $1,440,000 |

LEASE INFORMATION:
Monthly Rent: $13,782 | Lease Expiration: 12/31/2015 | Yearly Adjustment: Fixed increases | Lease Option: 5 years |

FINANCING INFORMATION: