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#1378
San Jose Restaurants For Sale

Milpitas Restaurant For Sale: Franchise Facility. Must See.

$49,000
Milpitas Restaurant For Sale: Franchise Facility.  Must See.
This Listing is Expired
Selling Restaurants presents this beautiful franchise Restaurant Facility located in Milpitas adjacent to the highway. This is a high quality facility for a faction of the price it costs to build a new one. Bring your new concept here and save hundreds of thousands and 6 months of pain and agony of dealing with city and county permits and licenses. There is plenty of parking with easy access and exit to the restaurant. The dining room seats up to 70 customers and is perfect for a family restaurant.

This is a must see restaurant. The Kitchen is fully equipped with state-of-the-art equipment. This can be converted to any type of Asian including Chinese or Vietnamese. The restaurant occupies 2,010 square foot. Monthly rent payment just reduced to $2,247 plus approximated $2000 CAM Charge from April to June, 2009. Remaining lease will expire on June 30, 2010. The landlord has plans to convert about 100,000+ sq/ft to a multi-use Asian retail center with a 38,000 sq ft fresh fish market inside. It comprises of a major Asian supermarket (anchor), restaurants and life-style retailers to attractive more customers. Scheduled finish construction the end of 2009 and opening in January 2010 according to the seller.

This is asset sales. Sellers will not provide any financial statements. Only financially strong qualified individuals or corporation need apply. Please select the orange button below to get more information and to contact the selling agent.
Agent Steve Lau DRE License #01423652

Lease

Region:
San Jose Restaurants For Sale
Lease Term:
Expires on 06/30/2010
Total Monthly Rent:
$4,247
Security Deposit:
$10,000

Operations

Hours Open:
10am - 12am (Sun-Mon)

10am - 4am (Tue-Sat , Eve of Public Holidays)
Year Established:
2006
Hood System Type 1:
Yes

Facilities

Indoor Seating:
70
Inside Sq. Ft.:
2,010

Highlights

  • Highly visible location with Highway and Street Viewing
  • Tenant giving rent credit to reduce rent to $4,247 a month from April to June, 2010.
  • Dining room is very nice and easy to maintain.
  • Upscale Area
  • Seats 70
  • Seller will not provide any financial statements.
  • This is asset sales. No financials provided.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 71,405 112,997 202,754
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 19,241 30,854 53,960
2010 Persons Per Household 3.34 3.39 3.53
Median House Value $513,400 $533,951 $488,820
Income Per Household $95,437 $95,347 $83,571
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,080 2,445 3,330
2012 Number Of Employees 97,794 103,618 128,012
2012 Total Annual Payroll $4,294,967,295 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.

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