Popular, well established Mediterranean Restaurant

San Mateo, CA (San Mateo County)

Popular, well established Mediterranean Restaurant
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Asking Price: $225,000

Cash Flow: N/A

Gross Revenue: $850,000

EBITDA: N/A

FF&E: $65,000

Inventory: $5,000*

Established: 2014

*not included in asking price.

Popular, well established Mediterranean Restaurant

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Business Description

Established Corporate Catering with repeat monthly orders & clients

Fantastic opportunity to buy a turn-key, established restaurant with 4.5-4.8 rating on all ranking sites (Yelp, Google, Trip Advisor). Reason for selling- owner moved further away from business recently.
Located next door to Starbucks and Whole-foods, in the heart of the Bay Meadows residential and commercial development, neighboring Survey Monkey, Franklin Templeton, WeWork, Opentext, Roblox, Guidewire and Nueva High-school.
The restaurant has established corporate client catering customers from the neighboring businesses with customer list, strong marketing platform and templates.

Detailed Information

Location:
San Mateo, CA
Inventory:
Not included in asking price
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Restaurant branding, logo and website, were created with multi store solution in mind. Business plan included 3-4 stores within 8 years. The menu and set-up are easy to replicate to multiple stores to create higher exposure and lower operational costs overall.
Support & Training:
Owner is a chef and can offer support and training for 4-6 weeks after ownership transfer. Staff retention is high (3 years average) and talent will most likely prefer to stay and work.
Reason for Selling:
Owner relocation
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Business Listed By:
Mike Lewis

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