Last Revised: 9/4/19. Posting #: 254997
Key Words: fast food, san jose, santa clara, asset, convert
Financial Info: Price: $189,000. Down: Call. Adjusted Net: Call. Annual Revenues: Call. The monthly rent is $7,650 + approximately $508.32 monthly NNN + taxes and insurance. The term is until November 2028 + 2 (5) year options to extend. Rent increases 2.5% annually.
Profile: This restaurant is located in a prominent corner location in San Jose. New build out with 18 foot hood, walk-in and dining room seating and open kitchen. The restaurant is approximately 1,800 sq. ft. This is an asset sale whereby the restaurant can be converted to any concept except Mexican or Greek. The monthly rent is $7,650 + approximately $508.32 monthly NNN + taxes and insurance. The term is until November 2028 + 2 (5) year options to extend. Rent increases 2.5% annually.
This is a completely turnkey restaurant currently open for sale without the trade name.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: J. Back & Associates Restaurant Real Estate was founded in 1988 as the first bay area real estate company to specialize exclusively in restaurant real estate. I am the past President of Charley Browns restaurants and have been involved in the restaurant business for over 35 years.
Key Words: jeff back, j. back & associates - restaurant sales, restaurant, restaurant broker, fast food, hamburger, bar, quick service restaurant, pizza, gastro pub, pub, thai, mexican, hayward, alameda, san ramon, constra costa, san jose, santa clara, oakland, dublin, lafayette
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
View All Related Resources & Advisors For This Posting
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: It is every buyer’s dream to purchase an absentee owner business that allows them to collect a sizable paycheck without requiring any work. Is this a realistic expectation for business buyers? Is there such thing as 100% absentee business ownership? Jordan Green explores this popular topic.
Key Words: absentee, absentee owner, absentee ownership, semi-absentee, business owner, jordan green
Profile: To prepare your business for sale, business owner sellers need to think like a buyer to reduce risks. John Byrne, CPA, Valuation Expert, and Due Diligence Advisor, shares three factors business owners need to address in order to maximize their business’s value at exit.
Key Words: valuation, business valuation, valuing a business, valuing your business, sell a business, selling a business, sell your business, sellers, john byrne
Profile: BizBenNetwork Manager Jordan Green explains the importance of keeping the potential sale of a business confidential and provides business owners with helpful ways to successfully keep their business’s sale a secret, as well as the consequences for disclosing a business’s sale prematurely.
Key Words: confidential, confidentiality, selling a business, non-disclosure agreement, business owner, owner/seller, owner seller, seller, qualified buyer, business broker, business brokers, nda, jordan green
View Related Blog Posts For This Posting
Profile: Sometimes, restaurants for sale offer the opportunity to be converted to a new concept. It’s often the difficult decision of the buyer to continue operating the business in its current state, or take a chance and change it to a more viable concept. Spencer Siegel, BBN Facilitator, covers this topic.
Key Words: restaurant, spencer siegel, restaurants, convert, deli, sandwich, fast food, buying, buying a restaurant, converting
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Profile: When buying a restaurant, business buyers must consider a number of critical aspects of the business to determine if the restaurant is a good fit, set up for future success, or requires a concept change instead. BizBenNetwork Senior Facilitator Manager Jordan Green starts this discussion.
Key Words: restaurant, restaurants, jordan green, buyers, buying a business, convert, can convert, asset, asset sale, due diligence
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Key Words: brokers, business brokers, buying a business, business broker, agent