Beautiful, modern restaurant space for sale in bustling downtown Redwood City. The location sees a lot of foot traffic during lunch and dinner hours, seven days a week. The space is close to other restaurants, retail, and offices. The interior was recently remodeled, and has a very contemporary look and includes a chef counter overlooking a glass enclosed kitchen. As part of the remodel, plumbing and sewage to the street were replaced, and the electricity was updated. Two parking spaces out front are reserved for a parklet. The restaurant that occupied this space is closed, and that concept is not part of the sale. This space is well-suited to a range of concepts. The area is home to a number of offices and with recent new developments in the area which have signed new long term leases with large law firms as well as the Chan Zuckerberg Initiative bringing additional business to the already dense area. The Fox Theater and Cinemark movie theater are in close proximity. The restaurant is equipped with the following; two type 1 hoods (14' and 10'), one on the front line kitchen and another in the back of house, two 6 burner range with oven, salamander, fryer, flat top grill, char grill, two 2 door under-counter refrigerator with prep stations, two door reach-in freezer, one door reach-in freezer, a walk-in refrigerator and security camera system. A full equipment list is available upon request. There are two bathrooms, an upstairs loft area for employees, and office and additional storage. This upstairs loft can be converted to a prep area which would provide additional capacity for online and food delivery concepts. There is also a back patio which may be converted to an outdoor patio.

General Info

  • OrganizationLLC
  • Established2021
  • Current OwnerContact for Info
  • EmployeesContact for Info
  • Reason For SaleOther Interests

Facilities

  • Seating60
  • Square Feet2,597
  • ParkingStreet Parking and Public Parking Lot
  • LicensesABC Beer and Wine, Business and Health Permit
  • Open HoursContact for Info

Lease

  • Rent$10,649.17 + NNN (currently $3,834.83)
  • ExpirationDecember 2031
  • Yearly Increase3% Yearly Increases
  • OptionTwo 5 Year Options
  • Deposit$59,151

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • PayrollContact For Info

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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.

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