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#5428
San Jose Metro

PRICE REDUCED $150K ON HIGH END BUILDOUT - SJ PRIME LOCATION

$350,000
Available

No expense was spared in this 2+million dollar build-out. The location has great street exposure and is surrounded by high density - high income business and residential properties. It is currently doing $1.8m in sales which is FAR below it's potential. The space could EASILY produce $5mil+ in volume.

The modern interior with soaring 20' ceilings features 3 distinct dining areas with a beautiful 8' x 10' glass wine display cabinet that serves as a focal point in center of the main dining area. There are also 2 patios, one enclosed for dining and an open air one with high top tables and a sectional sofa surrounding a fire pit. 

There is a type 47 - full liquor license that is serviced by a 30' long LED lit glass front bar. The impressive back bar shelving extends to the top of the 20' ceilings. There is a a cappuccino machine as well as 16 tap handles with a dedicated keg storage refrigerator.

The kitchen has 2 hood systems and is capable of mass production. The main line has 6 burners, a pasta cooker, 2 flat grills, double convection oven, 2 broilers/salamanders, a compact pizza oven, steam table, microwave, panini machine, refrigerated equipment bases,4 refrigerated open top pantries and LOTS of production space. The second hood which is located near the walk-in refrigerator is equipped with a fryer, Blodgett convection oven, and 6 burners. There is a dedicated prep area with a 12' stainless steel table with built-in shelving for spices and other dry-goods. In addition, there is a separate dish area with a corner dish machine and 3 compartment sink.

There is a state of the art POS system with multiple large LED monitors and a multi camera surveillance system.

While the business is currently operating at a loss, an owner operator could eliminate one or both managers salaries and be in the black quickly while building on the established sales. While this deal is not for everyone, it could become a cash cow for the right operator. The current owner is doing no marketing to the HUNDREDS OF THOUSANDS of square feet of tech and other business surrounding the business and in the immediate area. 

To qualify with the landlord, you must have good credit and strong financials.

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Chaz Gaddie DRE License #02057673

Lease

Region:
San Jose Metro
Lease Term:
November 2024 + 1 five year option
Total Monthly Rent:
$22,000
Security Deposit:
$20,232

Financials

Last Year's Food Cost %:
28.4
Last Year's Payroll Cost %:
48
Last Year's Rent %:
9.8

Operations

Liquor License:
47
# of Full-Time Employees:
6
# of Part-Time Employees:
18
# of Working Owners:
1
Hours Open:
Mon - Wed 11:00 to 10:00
Thur - Fri 11:00 to 11:00
Sat - 10:00 to 10:00
Sun - 10:00 to 9:00
Year Established:
2014
Hood System Type 1:
Yes

Facilities

Indoor Seating:
114
Outdoor Seating:
60
# of Parking Spots:
Shared lot
Inside Sq. Ft.:
4013
Outside Sq. Ft.:
1318

Highlights

  • 2+Million Dollar Buildout
  • Surrounded by Affluent, High Density Businesses & Residences
  • Contemporary Design with 20 foot Ceilings
  • Great Street Exposure
  • Type 47 Full Liquor License
  • 30 foot long Bar with LED Glass Lit Front
  • 3 Stunning Modern Dining Areas
  • 10 foot by 8 foot Glass Wine Display Case
  • Large Enclosed Patio for dining and another with Lounge Sectionals
  • Versatile Equipment on main cooking Line and separate Hood for Prep - Catering
  • State of the Art POS System
  • Lots of Parking

Financing

Down Payment:
$200,000
Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
50%

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 26,130 49,536 125,034
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 6,758 15,784 39,634
2010 Persons Per Household 2.26 2.55 2.75
Median House Value $169,500 $411,926 $408,772
Income Per Household $113,212 $109,965 $100,877
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 626 2,519 5,264
2012 Number Of Employees 98,060 235,590 448,632
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 Paramount Restaurant Brokers, 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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