Retail Property For Sale - Downtown Turnkey Restaurant & Bar - Seats 400

58 South First street, San Jose, CA, 95113

 

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Downtown Turnkey Restaurant & Bar - Seats 400

58 South First street, San Jose, CA 95113

FRONT OF BUSINESS
  • $399,000
  • 12,562 SF
  • $31.76
  • Retail
  • Restaurant
  • Business For Sale
  • 5%
  • 3
  • 1985
  • 6,970 SF
  • Find Out More...
Last Verified  10/25/2009 Listing ID  16239497

Highlights

  • Turnkey, fully equipped kitchen and walk in boxes
  • Established since 1985
  • Patio area
  • 47 License and entertainment license,health
  • Large dining and ball room area for weddings, parties,dancing, concerts
  • CITY PARKING LOT BEHIND BUILDING.

Description

*** WELL KNOWN RESTAURANT & BAR FOR SALE ***
Location: Downtown San Jose (on a major street w/great signage, visibility and foot traffic)
Size: 12,562 sq ft
Features: 2 stories, 3rd floor office & storage, balcony on 2nd floor, garden patio on ground floor, Large banquet rooms on 2nd floor, dumbwaiter, elevator, high ceilings, beautiful decor
Rent: $16,888/mo. NNN
Lease: expires Jan. 2013
Lease Option: Two (2) Five (5) Year Options
Capacity: 400
Parking: street parking, public lots, validation available
*Banquet rooms can accommodate large parties, weddings, meetings, etc.
Years in Business: 18
Current Owner: 5+ years
Staff: 30-40 plus working owner
Hours: 7 days a week, 8+ hours per day
Licenses: ABC 47, Health, Entertainment, Business, Fire Safety
Lunch & Dinner: appetizers, salads, main courses, pastas, pizzas, side, desserts, beer, wine, and spirits
Sale includes: all FF&E, menu, name, recipe, employees
*New owner can change concept; Possible Nightclub with dancing, DJ's, Live Music, more bars (check w/city)
Annual Gross Sales: $1,500,000 - $1,700,000 (figures from 2006-2008)

Location: Downtown San Jose (on a major street w/great signage, visibility and foot traffic). Prime area on a major street. Close to bus and light rail. Walking distance to all amenities.

Map of 58 South First street, San Jose, CA 95113 (Santa Clara County)

Contact Listing Broker to find out more details.

Presented by

R.G.Matusich Realtors & Assoc., Inc.

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Contact Listing Broker
Richard G. Matusich (408) 371-0700
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Created 5/14/2009

Additional Information for 58 S 1st Street, San Jose, CA 95113

  • Active For Sale - 1 Listing
  • Active For Lease - 0 Listing
  • Previously Listed - 0 Historic Listing
  • Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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