High-quality American comfort food concept for sale, located in Hillsdale Shopping Mall in San Mateo. The business for sale is situated in the food court, and is near the movie theater, the Apple store, Refuge, and other well-known eateries such as Shake Shack, Jamba Juice, Philz, and Starbucks. This is a prime location in a very busy mall with a lot of foot traffic and has been recently remodeled. The current concept is very easy to operate with a small staff.
This business presents an excellent opportunity to take over an existing concept, or start your own concept with a huge captive audience. The restaurant space is equipped with top-of-the-line, well-maintained equipment which was purchased in 2020, and is valued at over $250,000. The build-out is brand new, and includes new plumbing and electricity at a value of over $350,000. Taking over a turn-key business can save a great deal of time and money in the long run.
The business opened in 2020, and closed down twice that year due to the pandemic. In total, it had 4 months of service in 2020. The first full year of operation was 2021. The rent numbers below include rent, common area charges, and utilities. The restaurant itself is 873 sqft and has additional storage and benefits from a large shared seating area and restrooms in the mall.
This business presents an excellent opportunity for a solo owner/operator, or a family. The current owner is motivated to sell, and will review all reasonable offers. He has other business interests, and cannot give this restaurant the attention it needs to grow.
- Current OwnerContact for Info
- EmployeesContact for Info
- Reason For SaleOther Interests
- SeatingLarge Shared Seating Area
- Square Feet873
- ParkingParking Lot
- LicensesBeer and Wine, Business and Health Permit
- Open Hours11am - (pm Monday - Saturday, 11am - 7pm Sunday
- Rent$20,203 (Including CAM, NNN and Utilities)
- Yearly IncreaseIncreases in years 2023 and 2027
- Monthly Revenue$112,310
- Monthly Cash FlowContact for Info
- Annual Revenue$1,347,729
- Annual Cash FlowContact For Info
- PayrollContact for Info
- 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.