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#2107
San Jose Restaurants For Sale

Chinese Carry-Out Food Restaurant For Sale in Morgan Hill

$69,000
Chinese Carry-Out Food Restaurant For Sale in Morgan Hill
This Listing is Expired
Selling Restaurants proudly presents this Chinese food to go restaurant. It is located in urban city 20 minus away from South San Jose. The retail center is anchored by a major grocery store with ample foot traffic and plenty of parking.

For the past 5 years, the owners have worked hard to earn very good reputation in town. Monthly Gross sales are about $15,000(buyers need to investigate and verify) and with a rent of only $1,700, labor cost of 1 part-time employee, and food cost of 27% one can make a good living owning this restaurant.

There are only 1020 sq. ft., perfect for a husband and wife team. The kitchen has a large walkin cooler. The front of the restaurant is clean and well maintained and seats 18 guests.

The rent of $1,700 includes CAM charges and water. The lease expires on March 31, 2013 plus there is one 5 years option to renewal.

This is hard to find, simple operation, affordable rent, nice location business opportunity. Don't wait, act immediately by clicking the links to obtain business name, address and visit the location today.

Sellers need return their home State.
This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
San Jose Restaurants For Sale
Lease Term:
Expires March 31, 2013 + 5yr option
Total Monthly Rent:
$1,700
Security Deposit:
$1,316

Financials

Last Year's Annual Gross:
$180,000
Last Year's Food Cost %:
27

Operations

# of Part-Time Employees:
1
# of Family Employees:
2
Hours Open:
Daily 11:30am to 9:30pm.
Closed every Tuesday.
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
18
Inside Sq. Ft.:
1,020

Highlights

  • One of the fastest developing cities in South San Jose area.
  • The population has been increased 13.5% since 2000.
  • White Non-Hispanic (61.3%), Hispanic (27.5%), Other race (13.4%).
  • Total population of the city is 38,096.
  • Low expenses and simple to operate.
  • Perfect for husband and wife team.

Financing

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

Demographics

Population 5-mi
2014 Total Population 47,640
Households 5-mi
2010 Number Of Households 14,904
2010 Persons Per Household 3.03
Median House Value $606,900
Income Per Household $95,047
Businesses 5-mi
2009 Number Of Businesses 1,202
2012 Number Of Employees 30,988
2012 Total Annual Payroll $740,986,000

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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