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Business for Sale Overview:

NEW PRICE REDUCTION - Established Restaurant In Downtown Near Theaters, RRC#: 1166, Location: Downtown - San Mateo, California; Offered at: $145,000. Listing Description: This established business is located in a prime downtown San Mateo location with lots of retail activity including the new multi-screen theater complex and new public garage which generates a lot of foot traffic and vehicular traffic. There is glass frontage, tile floors, full kitchen, 2 attractive dining areas and full basement. Some of the equipment includes as follows: ice machine, full door glass refrigerator, 2 hand sinks, coffee maker, 2 full door glass refrigerator, 2 full door refrigerator, 2 - 1 door under counter refrigerators (1 with sandwich station), 1 door under counter refrigerator, full door freezer, 8' type 1 hood with fire suppression system, 3 compartment steam table, 3' flat grill + 4 burners over 2 ovens, double basket fryer, 2 door under counter refrigerator + 2 compartment cold top, 2 compartment sink and microwave, etc. There is also an ADA restroom, employee restroom and several storage areas.

Property Features and Assets:

General Information - Organization: Sole Proprietorship; Year Established: Contact For Info. Current Owner: Contact For Info # of Employees: Contact For Info Seating: 50+; Square Foot/Size: 1,500 + full basement; Parking: Street and public parking garages. Lic. Required: Business, ABC Type 41 (Beer & Wine) Days Open/Hours: 7 / S-Th 10a-9p; F-SA 10a-10p; Reason For Sale: Other interests. Financial Information - Revenue: $30,950 / month. Cash Flow: $6,300 / month. Current Inventory: Contact For Info. Payroll: Contact For Info. Lease Information - Lease Rent: $4,430 / month. Lease Expiration: 10/31/2012 . Yearly Adjustment: Fixed increases. Lease Option: 5 years. Security Deposit: Not Available.

Additional Details:

• The property is leased.
• The owner may be willing to train/assist the new owner.
• The owner may be willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.