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Accommodation & Food Services

Successful Freestanding Restaurant Location

San Jose, CA, USA
Listed 186 days ago

This is a rare opportunity to acquire a business location & assets with a legacy of excellence and proven financial performance, consistently exceeding $1 million in annual revenue. It is located on a high-traffic thoroughfare near a major freeway, the restaurant enjoys premier visibility and ease of access. It is uniquely situated to serve a rapidly expanding residential community. The 4,500 sq. ft. freestanding building offers exceptional advantages, including highly favorable lease terms with below-market rent at less than $3 per square foot. To ensure a seamless and welcoming guest experience, the property also includes a dedicated private lot with over 45 parking spaces. The restaurant is designed for high-capacity service, featuring seating for over 160 guests and a professional-grade, well-equipped kitchen outfitted with three type-1 range hoods, a walk-in cooler and a walk-in freezer. With the current owner now ready to retire after more than 40 successful years, a new operator has the unique foundation required to refresh the space and capitalize on the area's growth.

Lease Terms

New lease available

Real Estate

Lease

Leasehold Rent

$12,000 per annum

Premises Details

Large private parking lot

Size In Square Feet

4,500

Reason for Selling

Retirement

Financials

Asking Price
$328K
RevenueMost Recent Year
$1M - $5M
Earnings (SDE)Last Reported
$100K - $250K
Assets Value
Undisclosed
Seller Financing
Not available

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