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#5651
San Jose Metro

Asset sale- Seafood and sport bar for sale in San Jose of Willow Glen

$199,000
Asset sale- Seafood and sport bar for sale in San Jose of Willow Glen
This Listing is Expired

This is a seafood ,crab restaurant with sport bar for sale just couple blocks from the heart of Willow Glen in San Jose. Seller is expanding and moving to a bigger location. Approximately 3400 sq ft with 120 seating capacity. Landlord will provide new lease for new buyer. Lease amount will be $13,500 all inclusive. Seller is not selling the name, menu or recipes. Can convert into any concepts such as Vietnamese, Thai, Indian. Type 47 hard liquor license is included as well. Some of the equipment included are 24 feet type 1 hood, 5 deep fryer, walk in cooler, walk in freezer, grill, prep table, ice machine, 8 TVs, chest freezer and more.

“The neighborhood has walkable tree-lined streets, diverse architecture, specialty shops, and independent businesses. The historic downtown on Lincoln Avenue between Willow Street and Minnesota Avenue is a well-known destination, with a variety of restaurants and shops. Today, Willow Glen continues to experience high property valuation and it is considered one of the most desirable residential neighborhoods in San Jose.” Wikipedia

This is a EXP Commercial of California, Inc listing.
Business brokering-Industrial-Retail-Leases Tommy Tran DRE License #01439113

Lease

Region:
San Jose Metro
Lease Term:
Landlord will give new lease for buyer
Total Monthly Rent:
$13,500

Operations

Liquor License:
47
Hood System Type 1:
Yes

Facilities

Indoor Seating:
120
Inside Sq. Ft.:
3,400

Highlights

  • Big Kitchen with long hood
  • Type 47 hard liquor license
  • plenty of parking

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 52,351 158,047 659,299
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 20,696 58,881 214,196
2010 Persons Per Household 2.47 2.52 2.95
Median House Value $728,400 $634,890 $537,048
Income Per Household $97,694 $82,356 $74,250
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,335 4,950 15,981
2012 Number Of Employees 25,690 140,440 482,664
2012 Total Annual Payroll $595,279,000 $3,712,602,000 $4,294,967,295

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Disclaimer

This information has been secured from sources we believe to be reliable but we make no representations, warranties, express or implied, as to the accuracy of the information. Listing broker has been given enough information to provide only a preliminary interest in the property. The materials are not to be considered fact. The information contained herein is not a substitute for thorough due diligence investigation. References to square footage, zoning, use, or age are approximate. Any renderings should be considered conceptual in nature and such renderings do not represent the current condition or what can or may be done to the property. Neither broker or landlord represent that this space is suitable for your use. Tenant or Buyer must verify the information at their own expense and bears all the risk for any inaccuracies.


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