Downtown San Jose Sports Bar

San Jose, CA (Santa Clara County)

Bar Area

Asking Price:$350,000

Cash Flow:$73,581

Gross Revenue:$719,653

EBITDA:N/A

FF&E:$25,000

Inventory:$7,500

Established:2008

Downtown San Jose Sports Bar

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Business Description

Downtown San Jose Sports Bar

This is a local downtown San Jose sports bar with a full liquor license type 47 and a fast food menu. It continues to grow each year and finished 2015 with apx. $720,000 in gross revenues. Their revenues spike during football season and any other time a Bay Area team such as the Warriors, A's or the SJ Sharks are in the playoffs. A buyer should be aware a portion of revenues are in cash so personal is advised to determine the business potential and the business volume.
Business Type: Sports Bar wFast Food
Sales: $719,653 Adj. Cash Flow: $73,581 For 12 mo Dec 2015 from Fed Form 1040 Sch C Purchase Price: $350,000 Down Payment: $350,000 Inventory:$7,500 (Included)
6,000 Sq. Ft. Rent: $9,840 NNN: $1,881 Rent Increases: Annual CPI 3% min 5% max
3 FT Employees 1 FT Owner

Please refer to Listing ID - BTI 8377 when contacting us. Thank you.

Detailed Information

Inventory:
Included in asking price
Employees:
3 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
6,000 Sq. Ft. Rent: $9,840 NNN: $1,881 Rent Increases: Annual CPI 3% min 5% max
Support & Training:
2 weeks for 40 hours per week
Reason for Selling:
Starting another business

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Michael Floorman

Business Listed By:
Michael Floorman

BTI Group Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The California Association of Business Brokers (CABB).

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