1083 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$195,000
Revenue$420,000 EstablishedUndisclosed
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Restaurant, Bar, Abc 47 License, Plus Private 2 Bed. Apt- Restaurant Rent $2,896 With Apt. Rented

RRC#: 2888
Asking Price: $195,000
Location: Daly City, San Mateo County, California
Yearly Revenue: $420,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $6,896

LISTING DESCRIPTION:
This established freestanding restaurant with a ABC 47 liquor license is on a major thoroughfare and has strong visibility. The restaurant was remodeled and has a full kitchen, banquet room, a separate bar and cocktail lounge, prep kitchen, large dining room with booth seating, banquette seating and tables and chairs, a large basement, an office and lots of storage. The building includes a large, private 2 bedroom apartment for the restaurant operator''s use and living quarters. The apartment could be easily rented for $4,000 month, thereby supplementing the total rent, and reducing the operator''s restaurant rent to $2,896 per month ($6,896 total rent less $4,000 rent for apartment = $2,896 rent for restaurant). The conservative $4,000 rent for the apartment equates to $1.15 per foot, which is about half of the area''s market rent. Some equipment included is as follows: 12'' type 1 hood with fire suppression system, double basket fryer + single fryer, 3'' x 3'' flat grill, 2 door under counter refrigerator + sandwich station, 2 utility sinks, 7'' char broiler, 2 full door glass refrigerator, walk-in refrigerator, ice machine, 3 compartment sink + rinse hose, 2 full door freezer, full door refrigerator, microwave, 5 compartment steam table, hand sink, 1 door under counter refrigerator, stock pot burner, 3'' x 3'' chargrill, 2 burners, 6 burners over oven, 15 employee lockers. The large apartment unit includes 2 bedrooms, 1 1/2 baths, full kitchen, living room area and patio. There are also garages for the apartment units and the apartment unit has its own entrance.

GENERAL INFORMATION:
Organization: LLC | Seating: 100 approx + 15 in banquet room | Square Footage: 2,500 approx. + 1,500 apartment + large basement | Parking: Street and some parking on site | Licenses Required: Business, ABC Type 47 (hard liquor) | Days Open/Hours: T-S T-Th & S: 11:30a-9p F,SA 11:30a-10p & Bar till 2a | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $420,000 |

LEASE INFORMATION:
Monthly Rent: $6,896 | Lease Expiration: 3/21/2022 | Yearly Adjustment: 3% | Lease Option: Negotiable |
Ad #98858
Seller Reference #2888
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Steven D. Zimmerman, CBI, M&AMI, CBB, FIBBA
Restaurant Realty Company
415-945-9701
Name
Email Address
Message