Price JUST reduced for this Amazing Sports Bar and Club in Central San Jose

What a unique opportunity to own this, "The"  Premier Sports Bar in San Jose. The Price has been reduced for a quick sale to qualified Buyers. You won't believe what an opportunity this is! There are three partners presently involved in this venture. The main investor / partner has family commitments abroad and requires this fantastic Bar and Club be sold. The build out, set up and opening of this great Sports Bar was in late 2010. All brand new with some $300,000 being spent on the remodel

5000 sq ft of pure sports bar. 32 HDTV's, Barmaster stock and control system, private room, huge show kitchen, massive storage and last but not least an additional 1500 sq ft of outdoor patio area. ALL for just $9,886 rent, that is only $1.52 per sq ft plus a mere $0.10 per sq ft CAM charges!!! Very Turn Key and in 1st class condition throughout. Brand New!

This is a great live music nightspot and has a Real Club feel. The 32 HDTV's enhance the Sports Bar while the customer space demonstrates that Live Music be a must. The outdoor patio area with chairs, tables and umbrella's will attract the whole neighborhood. Special Sport TV nights are also widely shown to a large audience, Boxing being a favorite. With the Football season just weeks away, this bar will be Packed!

LOCATION: Situated in the Center of the City, next to all the major hotels. This unique Sports Bar and Grill sits in a huge free standing building.

LEASE TERMS: The fantastic lease terms make this restaurant and bar opportunity one of the best you’ll find in this market. Total monthly rent is only $9,600 for 6,500 total usable square feet. Folks!! THAT’S just $1.52 cents per square foot. Not only is that amazing monthly rent, the lease terms get even better. The Lease has 10 years and a further two 5 year options.

Let’s be honest. Most landlord’s charge what feels like an arm and leg for rent ithese days. This restaurant’s incredible lease terms make it Extremely possible to make a Large profit. Many upgrades were completed in 2010 with around $200k spent on a remodel.

HISTORY: Buy the existing Sports Bars long standing reputation, concept, recipes, lease terms, furniture, fixtures, equipment, and Full Liquor License OR bring Your Own concept and take advantage of the fantastic lease terms, furniture, fixtures, equipment.

FINANCIAL PERFORMANCE: The seller has shared that the monthly sales are growing by leaps and bounds, presently around $90,000 per month. The Seller will gladly discuss the monthly sales averages and expenses with a serious buyer. With this amount of sq footage and the Prime Location, this opportunity is capable of $2 Million plus in annual sales.

LIQUOR LICENSE: An Santa Clara County, type 47 Full Liquor License is included with the sale. These liquor licenses have sold for large prices in the recent past. Therefore the price being asked is extremely minimal and WILL sell quickly.

HOUR OF OPERATION: Presently the Bar is open for limited hours. (4.00pm - Midnight.) There is huge scope to increase business by opening for Lunch and Dinner, seven days a week, especially in this Great location.

REASON FOR SELLING: The Seller has many family commitments and in 2010 was totally absentee.

SELLER FINANCING: No Seller Financing. The low asking price for this Bar and Club requires a Cash buyer!

Paramount Restaurant Broker, Inc. Listing Agreement

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