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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
Mezzanine storage area of +/- 400 square feet
Exterior storage area of approximately 150 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.