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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.