"San Mateo" Downtown Restaurant & Bar w/Private Dining!

San Mateo, CA (San Mateo County)

Seller Financing Available
meet me for happy hour!
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Asking Price: $150,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $5,000 per Month

Established: 2011

"San Mateo" Downtown Restaurant & Bar w/Private Dining!

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Business Description

Locally established and popular Turn-key Restaurant & Bar w/(Full Liquor Type 47) located on prime block downtown San Mateo, heavy foot traffic and busy commercial block with restaurants, bars, and retail corridor, blocks away from the movie theater and train station. This restaurant is fully equipped with all-inclusive FF&E (furniture, fixtures, and equipment) for a seasoned operator scaling to expand their existing restaurant & catering operation, 2nd floor has private dining / conference room, office and additional storage with separate bathroom, ideal for private events and or buy-out of space.
Access to street level /Exclusive Patio seating that can service guests due to covid-19 restrictions. Due to covid, current rent is REDUCED below market rent and reasonable overhead, the restaurant owner can operate one of the many existing and popular restaurant cuisine concepts as to capitalize on the nearby student demographics as well as the local business merchants and resident community.

Restaurant cuisine concepts such as;
1) American Bistro, Steak house, Bar & Grill
2) Gastro-Pub, Tap Room
3) Asian cuisine, Indian, Chinese, Thai, Japanese, Korean, Chinese
4) Burger joint or Philly cheese-steak sandwich
5) Wine and tapas bar
6) South American Restaurant
7) Many restaurant concept opportunities

Restaurant & Bar Details:
*2,000sf +/- with additional putdoor patio seating
*1,000sf +/-, 2nd FL level, confererence room, private dining,office space
*Three separate bars serving full liquor license and foods to accommodate guests.
*Restaurant Seating 75+ customers +/-
*Bar Seating 100+
*All FF&E, (Furniture, Fixture and Equipment) are inclusive of sale
*Type 1 commercial hood, hot kitchen, walk-in refrigeration
*New Lease pending landlord approval
*Current Rent $12,000 Base, due to covid-19, willing to renegotiate new terms.
*Type 47 Liquor License for Full Bar ($50,000 sold separately)
*Walk-in Cooler built in
*Asset Sale in Place, FF&E: $150,000
*Make Reasonable offer for both restaurant & Type 47 liquor license.

(???)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 @ (650)302-6795 for an appointment for a tour. (*Picture in Ad is not actual business for sale, its for references only.*)
(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 does not make any representation or warranty, express or implied, as to the accuracy or completeness of the Evaluation Material.)

Detailed Information

Location:
San Mateo, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
6/1/2021
Employees:
6
Facilities:
Prime location, tastefully designed and appointed restaurant & bar located downtown near the movie theater, turn-key with hot kitchen Type 1 hood and separate bars seating to accommodate guests. Street access for Exclusive patio that can serve guests outdoor taken advantage of outdoor dining due to covid-19 restrictions.
Competition:
Prime Location. Near movie theater, restaurant row, and train station.
Financing:
Buyer to have strong credit, seller may offer financing
Support & Training:
Seller willing to train basic operations of equipment and SOP.
Reason for Selling:
retirement.
Business Website:
http://downtownsanmateo.org/
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(from currently available funds)
 
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Riki Tang ~ Restaurant Broker

Business Listed By:
Riki Tang ~ Restaurant Broker

Vista Investment & Realty

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