Business Summary:
This restaurant is well located in the central part of downtown San Jose, Calif. @ 17 North San Pedro Square across the street from a six story public parking garage and has a full 47 ABC license plus a banquet area. The owner here recently starting operating the business under the name Blake's Steakhouse & Bar. The present owner stated the original Blake's was grossing apx. 120,000 per month during the peak holiday months and when the Sharks played at home. This past 2007 holiday season the new owner represented he was grossing apx. +100,000 per month. A buyer should be able to establish a new concept, a sports bar or a theme restaurant and attract the influx of upscale clients who are moving into the new residential condos, town homes and apartments presently under construction and nearing completion. The lease will not allow menu competition with Spedio's, an upscale Italian restaurant located next door nor will it allow a nightclub or adult only venue.
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