* Included in Asking Price
Profitable Peninsula Restaurant With Full Bar, 1.5m Annual Gross Sales, Desirable Rent
Asking Price: $265,000
Location: Mid Peninsula, San Mateo County, California
Yearly Revenue: $1,536,000
Yearly Cash Flow: $102,000
Monthly Rent: 6657 all inclusive
This profitable restaurant is in a freestanding building, with dedicated parking lot, on a major connecting highway. The location is highly visible, very easy to access, and benefits from lots of constant all day traffic. There are multiple seating areas inside the restaurant, including about 30 seats in the bar, approximately 45 in the main dining room, and an additional 35 seats in adjacent dining rooms. The ambiance is laid back and relaxed, the decor inviting, and the various dining areas are spacious but intimate, and flow very nicely from one to the other. The bar area seating has stools, tables and couch seating, and back bar area features two 2-door kegerators with 9 taps, 2-beverage guns, 1-door beverage fridge, ice chiller, 3-compartment sink and hand sink. There are 6 POS terminals in various rooms throughout the premises. The large capacity kitchen is divided into several areas, with the line equipped with a 9 1/2ft type 1 hood, 2-double fryers, 6-burner range with oven, a char grill and flat griddle, 2 and 3-door sandwich prep fridges, under counter fridge, and 2-door freezer. A server and salad prep room features electric cheese melter, convection oven, 2-door salad prep fridge, along with air pot coffee brewer and soup warmers. An adjacent refrigeration room features a large walk-in cooler and walk-in freezer, 2-door reach-in, and a separate dishwashing room has a prep sink, 3-compartment sink, stainless work tables and food processors. There is also a dedicated office with wine storage room, two multi user restrooms, an both internal and internet accessible surveillance system. The hands on owner works about 50 hours per week, with a 2016 annual cash flow of about $102K. The monthly all inclusive rent of $6,657, is comprised of $5,596 base rent plus $1,061 property taxes. Qualified buyers should be able to secure additional lease options, and the business name, menu recipes, branding, etc. are all included in a sale.
Organization: Sole Proprietorship | Year Established: 2011 | Current Owner: 2011 | Seating: 110 est. | Square Footage: 5,300 est. | Parking: Private parking lot | Licenses Required: Business, ABC Type 47 Liquor License | Days Open/Hours: Wed-Mon 11a-9p | Reason For Sale: Other Interests |
Yearly Revenues: $1,536,000 | Yearly Cash Flow: $102,000 |
Monthly Rent: 6657 all inclusive | Lease Expiration: Aug. 2021 | Yearly Adjustment: CPI | Lease Option: Negotiable | Security Deposit: 10,000 |
Seller Reference #2723
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