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Profitable Downtown Peninsula Location Steakhouse with Patio; 1.4 Million Sales for sale in San Mateo County, CA

San Mateo County, California (CA)

Asking Price: Gross: Cash Flow:
$ 499,900 $ 1,389,587 $ 115,048

Business Summary:
Profitable Downtown Peninsula Location Steakhouse with Patio; 1.4 Million Sales RRC#: 3296Asking Price: Offered At $499,900 Location: San Mateo CountyAnnual Revenue: $1,389,587Annual Cash Flow: $115,048Monthly Rent: $16,103Listing Description: Established steakhouse on a busy thoroughfare in the downtown area of a established city on the Peninsula. The location is situated near retail, offices, and other restaurants, and is within walking distance of residential areas. There is inside seating for 140 and an outside patio for 20 with umbrellas and headlamps. The location is open for lunch and dinner 7 days a week with lots of offices in the area making way for strong lunch business coupled with high residential and families in the area for solid dinner business. There is an opportunity to increase revenue by expanding the cocktail program. The restaurant has an open air kitchen with two 8' hoods on the front line and a wood burning oven, steak broiler and a 6' grill. The front line is also equipped with a two door reach-in refrigerator, steam table, 8 burner stove with oven, a total of four 2 door under-counter refrigerators with prep station, fryer, salamander, multiple hand-washing sinks and video screen order in system. The kitchen is very large and has an employee area, large dry good storage and a huge walk in refrigerator with walk in freezer. connected. The kitchen also has an 8' hood with Rational convection oven, 4 burner stove and oven, two stock pot burners, slicer, chest freezer, ice machine, hand-washing sinks, prep sink, 3 compartment sink area with dishwasher. There is an office area and two restrooms. General Information:Organization: Inc.Established: 2012Current Owner: 2012Employees: Contact For Info Reason For Sale: Other InterestsFinancial Information:Monthly Revenue: $115,798Monthly Cash Flow: $9,587Annual Revenue: $1,389,587Annual Cash Flow: $115,048Payroll: Contact For InfoMonthly Revenue: $115,798Monthly Cash Flow: $9,587

 

   
Seller Reference Number: 3296
BusinessMart.com Listing Number: 240754
 

 

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For more info contact:

Steve Zimmerman

Restaurant Realty Company
415-945-9701

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