This newly remodeled restaurant is a prime downtown San Mateo location near shopping, public transportation and has strong exposure and easy access and is currently closed.  The dining room has a warm, friendly feeling.    Some of the equipment includes as follows:  13' type 1 hood with fire suppression system, 6 burners + 3' flat grill over 2 ovens, Henny Penny pressure fryer, 2 - 2 full door, 2 compartment holding cabinets, 4 compartment steamtable, utility sink, Square POS,  2 flat screen TV's, 2 full door glass refrigerator, 2 under counter refrigerators + 8 taps on top, ice machine, 2 - 2 full door refrigerators, 3 compartment sink + rinse hose and 5 employee lockers, etc.  There is a storage area and 2 ADA restrooms.     Over $200K was recently spent on remodeling this space.  The restaurant opened during Covid in March 2020 so past sales don't indicate its potential.   Sales for 2020 were $601,097 which was only a partial year as they opened in 3/2020 and were closed part of the time.  Sales for 2021 were $429,435 and they were only opened a portion of the year.

General Info

  • OrganizationCorporation
  • EstablishedContact for Info
  • Current OwnerContact for Info
  • EmployeesContact for Info
  • Reason For SaleOther Interests

Facilities

  • Seating50 inside + 50 outside
  • Square Feet1,800 + outside patio
  • ParkingStreet and public parking lots in the area
  • LicensesBusiness, ABC Type 41
  • Open HoursContact for Info

Lease

  • Rent$9,734
  • Expiration11/30/2029
  • Yearly IncreaseFixed yearly increases
  • Option5 years
  • DepositContact for Info

Financials

  • Monthly RevenueContact for Info
  • Monthly Cash FlowContact for Info
  • Annual RevenueContact for Info
  • Annual Cash FlowContact for Info
  • Payroll$Contact for Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location