Italian Fast Food Restaurant W/catering, Beer & Wine
San Jose, California
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Asking Price |
$127,500
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Revenue |
$516,242 / year
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Cash Flow |
$87,670 / year
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Lease Rent |
$4,264 / month
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Square Feet |
2000 |
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Listing Description |
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*** NEW PRICE *** MOTIVATED SELLER *** PROFITABLE BUSINESS *** MAKE AN OFFER *** MAKE $ TODAY ***
This successful fast food operation has been in business for over 20 years and has developed a loyal following in the area. About 50% of the business is take-out with the other 50% split between dine-in & catering. Location features a clean, friendly, warm dining environment that accommodates 40+ seats. There is 1 restroom, a large catering/dry goods storage area, a small office, & a bonus attic storage area for supplies. A nice, operable catering Van (vehicle) is included in the sale. Sale includes a Beer/Wine License (buyer to apply for transfer). The kitchen features a 6-burner Wolf Stove/Oven, pasta cooker, meat/cheese slicer, walk-in refrigerator, reach-in freezer, dish wash area, cold top sandwich frig/prep table, grease trap, & more. The business is a simple, proven operation with a low payroll & substantial net profit. Size of the business is 2000 sq ft. The lease expires in 2013 and the Landlord will offer options to extend. The rent is about $4500/mo NNN. This might be a good business for someone who has considered a fast food operation. It's priced to sell at less than 2.5 times the cash flow & the sellers are motivated. This is a chance to be your own boss with a restaurant business in the heart of one of San Jose's Westside neighborhoods!
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General Information
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Organization: |
LLC
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Year Established: |
1987 |
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Current Owners: |
2004 |
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# of Employees: |
15 PT |
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Seating: |
40 |
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Square Feet: |
2000 |
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Parking: |
Ample on site |
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License(s): |
Business, ABC, Health, Food Handling |
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Day & Hours Open: |
Daily 11-9pm, 12-8pm |
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Reason For Sale: |
Lifestyle Change |
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Financial Information |
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Revenue: |
$516,242 / year |
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Cash Flow: |
$87,670 / year |
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Payroll: |
$55,200 / year |
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Inventory: |
$5,000 |
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FF & E: |
$50,000 |
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Lease Information |
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Lease: |
$4,264 / month |
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Expiration: |
1/31/2013 |
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Yearly Adjustment: |
4%
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Option: |
Landlord will offer |
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Security Deposit: |
4100
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Financing Information: |
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Down Payment: |
Contact For Info |
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All Cash: |
Contact For Info |
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Note Balance: |
Contact For Info |
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Rate/Term of Note: |
Contact For Info |
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To access this webpage directly, use:
http://www.restaurants-for-sale.com/newsite/rro/listingview.asp?id=14547
Disclaimer
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listing has been provided by
the seller or broker stated
in the contact section of
the listing profile. As
such, Restaurants For Sale
Online, LLC 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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