"Redwood City" Restaurant & Bar for sale~Downtown Location

Redwood City, CA (San Mateo County)

FIRE RAMEN... are you willing to try?
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Asking Price: $228,000

Established: 2020

"Redwood City" Restaurant & Bar for sale~Downtown Location

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Asset Sale Description

***NEW TO MARKET & RARE OPPORTUNITY*** Restaurant w/ BAR & Catering Kitchen***ALL equipped Restaurant & Bar*** located off Broadway, Blocks to Zuckerberg Foundation, Movie Theater, Train Station and Redwood City Library, shopping and restaurants downtown.

This fully equipped and newly remodeled restaurant with an open-kitchen(Fully Built and Tastefully Appointed) with a front full size kitchen that can service not only the 50+ seats for restaurant guests in the main dining room, as well as having a second kitchen (with type 1 hood ) in the rear, along with a built in walk in cooler. Take full advantage the restaurant's full potential in kitchen space and catering possibilities and possibly setting up a commissary or centralized production kitchen for wholesale catering accounts.

Full Restaurant &; Bar Details;
*2350sf+/- includes second floor mezzanine level
*Current Rent: $5,750 Gross Rent due to covid-19 (landlord is deferring 50% rent)
*Rent terms are currently being renegotiated with landlord
*Lease is 9 yrs remaining
*Option 5 years to extend
*Modern and Tastefully designed and appointed by restaurant designer
*Rear parking lot for 2 car parking
*Type I full Vented hood/Cooking, front open kitchen/rear catering kitchen
*with walk-in cooler
*Type 41 ABC license, beer & wine
*Asking Price: $228,000

There is conveniently a second floor mezzanine level, with:
1) two offices for owner manager and staff break room
2) additional storage for dry goods and or equipment or alcohol storage
3) full bathroom

New Restaurant concepts maybe converted to any of the following below, *(landlord will need to review and approve)*
1) One can certainly continue the existing business, as seller will provide training
2) Italian /European Restaurant & Bar
3) American Breakfast Diner Bar & Grill, Sport Bar
4) Mediterranean Kebab/Gyro Restaurant
5) Steak House, Wine Bar
6) Mexican Taqueria Bar
7) Chinese, Korean Asian/South East Asian Cuisine, Hot Pot Restaurant
8) Trade name, recipe and professional maybe be included in sale.

(???)If you are currently in the restaurant & catering business and looking to expand, this may be ideal retail location for you, if you are looking to take over an existing profitable restaurant and catering business and willing to learn, sellers will be willing to teach. *For further details, please inquire via email or by calling Riki~Restaurant broker .
(Pictures in the advertisement are not necessarily depicting from the actual business for sale, it's for reference only. Company nor any of its representatives makes any representation or warranty, express or implied, as to the accuracy or completeness of the Evaluation Material.)

Detailed Information

Location:
Redwood City, CA
Facilities:
Fully equipped restaurant with (2) kitchens and (2) vented type 1 hoods. Ideal for Restaurant & Catering business that can utilize a commissary kitchen. Tastefully decorated with modern design aesthetics that can compliment any and all type of restaurant ambiance setting.
Support & Training:
Seller will be willing to train basic operations of the the kitchen equipment.
Reason for Selling:
other business interests.
Business Website:
http://www.redwoodcity.org/about-the-city/demographics
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(from currently available funds)
 
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Riki Tang ~ Restaurant Broker

Asset Sale Listed By:
Riki Tang ~ Restaurant Broker

Vista Investment & Realty

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