*DownTown San Mateo* - Large Restaurant w/ beer & wine license

San Mateo, CA (San Mateo County)

Seller Financing Available
Game night...over burger and beer!
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Asking Price: $280,000

Cash Flow: N/A

Gross Revenue: $1,600,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $16,000 /Month

Established: 2008

*DownTown San Mateo* - Large Restaurant w/ beer & wine license

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Business Description

This is a large popular restaurant w/ beer & wine license located on the best block of 3rd Ave San Mateo Downtown. It was a newly built restaurant from about 12 years ago. everything including restaurant kitchen equipment and fixtures was newly built and installed. Downtown San Mateo, a Prime location where it is the most densely populated demographic city on the Peninsula with nearly 100,000 residents who work and live in the city. It probably offers every possible cuisine that is available and extremely competitive restaurant market with multiple similar type of cuisines on the same block territory. Situated blocks away from the Cal Train Station and Movie Theater with hundreds if not thousands of walking/car traffic on a weekly basis.

This fully equipped and built-out restaurant is probably one of the last restaurant of its kind (Fully Built and Tastefully Appointed in a Prime San Mateo Down town Location.) It has a full size catering kitchen that can service not only the 100+ seats for restaurant customers in the main dining room, as well as having (2) Private banquet rooms that accommodates up to 30+ people sit down service.
There is a Full Service Bar area w/hard liquor license where customers can sit and watch the game from the bar, also additional storage area, a wine/liquor room area and possibly an employee rest area room.

Full Restaurant & Bar Details;

*4,000sf+/-, main restaurant level
*2,000sf +/- basement level office and storage area
*Seats: 100+
*Monthly Rent: $4/PSF +(NNN)
*New Lease: 10 years + per landlord approval of prospective buyer/tenant.
*Price: $280,000, or any reasonable offers.
*Type I full Vented hood/Cooking, 20 FT+ (2 separate hood systems)
*Walk-in Cooler, Walk-in Freezer
*Type 41, beer and wine
*Public parking is conveniently and readily available

New Restaurant business 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 Bar & Grill, Sport Bar
4) Mediterranean Kebab/Gyro Restaurant
5) Steak House, BBQ, Texas Style Restaurant
6) Mexican Taqueria Bar
7) Chinese, Japanese, Korean full service restaurant.
7) Asian/Indian/South East Asian Cuisine, Hot Pot Restaurant
8) Trade name, recipe and professional maybe be included in sale.

Riki~Restaurant Broker Comments:
A)below market rate, long term lease, bring your concept to fruition.
B)The BEST downtown location in San Mateo!
C)or take-over the existing concept and take it to the next level.
D)This possibly could be a satellite location for an existing business looking to expand brand presence and exposure.
E)Take full advantage the restaurant's full potential in kitchen space and catering possibilities and possibly setting up a commissary or centralized production kitchen at below market rent.

Landlord will need to qualify/approve new prospective buyers.(If you are interested to learn more of this business opportunity, please contact Riki~Restaurant Broker contact info or via email for details and a convenient time to visit. *Signed Confidential Agreement is required.*

(*Picture/Image may not be from the actual business being advertised, it is only to give reference to business and concept*) call to make an appointment for a tour, thank you.

To get more information about this Full Restaurant & Bar business for sale in San Mateo please phone Riki (Intermediary, Agent - BRE License #:01829091) at 650-302-6795 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad on BizBuySell. When phoning Riki, make sure you ask about other Restaurant Listings, call/ email Riki~Restaurant Broker today to kick-start your restaurant career and expansion plans!

Thank you and make it a great day! :)
____________________________________________________________________________________
Disclaimer: * This information supplied herein is from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, ACCOUNTANT, OR OTHER PROFESSIONAL ADVISER.

Detailed Information

Location:
San Mateo, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
9/1/2020
Employees:
10
Facilities:
Fully built-out, turn-key Restaurant & Full Service bar in downtown San Mateo. Due to the sheer size of the Premise, it also offers (2) separate and Private banquet party rooms for events or rentals. It may further be maximized for as a central food production facility.
Competition:
One of the last charming restaurant which was relatively recently built and in good condition. one of its kind in the downtown San Mateo , new buyers will immediately be able to take advantage of the functional and turn key restaurant for existing client base maximize additional revenue with catering and on demand delivery/pick up services.
Growth & Expansion:
For the seasoned operator and professional restaurateur need only apply.
Financing:
Buyer must be strong financially to qualify.
Support & Training:
Yes, seller willing to train and provide support.
Reason for Selling:
Downsizing business venture and limit business partnerships.
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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