Business for Sale Overview:
This long established restaurant is available as a buying opportunity or for a hands on working partner looking to invest, The premises features Mediterranean inspired outdoor seating, a full bar, display kitchen, beautiful decor and steady sales and profits. The dining environment is intimate but with a lively ambiance and the outdoor seating gives an alternative for fresh air and sunshine. A long bar area has a 2-group espresso machine, grinder, coffee machine, 6’ deli case, 4’ ice cream dipper, three 2- door under counter refrigerators, small beverage merchandiser and cash register, two POS screens and three printers. The beautifully designed display kitchen features both a 12’ and a 10’ type 1 hood, 4- burner, 6-burner and 8-burner ranges with ovens, 2’- char grill, four 2-door pizza prep. fridges, 2-door reach in, 2-pan steam table hand sink and floor sink. A pantry and preparation area has a walk in cooler, 2- drawer bread warmer, slicer, stainless work tables, 10’ dishwasher rinse station and 12’ clean table, prep sink, hand sink and mop sink. There is a large upstairs office, storage area with an ice machine, mixer and two reach in freezers. There are two ADA restrooms and the entire customer area is wheelchair accessible The present menu is well thought out and the concept maintains a firm niche in the community and sales could easily be increased by opening earlier for weekend brunches, extending evening hours to take full advantage of the liquor license and adding entertainment. The business regularly books large groups and semiprivate parties as well as off site catering. The base rent is $9,551 and the NNN + CAM charges of $2,948 include water, sewer and garbage as well as the taxes, insurance and common area maintenance. This popular and profitable business is associated with several equally successful sister locations. This is not a franchise. It is available for a buyer to continue and retain the name and concept and maintain the relationship with the other locations. The seller will also partner with a qualified operator looking to invest in the business and assume a shared responsibility in the day to day running of the business. SELLER CARRY BACK FINANCING. Offered at: $295,000 (PRICE REDUCTION).
Location: San Mateo, California. Revenue: $996,000.
Cash Flow: $167,400 per month.
Listing Description: This long established restaurant features outdoor seating, a full bar, display kitchen, beautiful decor and steady sales and profits. The dining environment is intimate but with a lively ambiance and the outdoor seating gives an alternative for fresh air and sunshine. A long bar area has a 2-group espresso machine, grinder, coffee machine, 6’ deli case, 4’ ice cream dipper, three 2-door under counter refrigerators, small beverage merchandiser and cash register, two Point Of Sale screens and three printers. The beautifully designed display kitchen features both a 12’ and a 10’ type 1 hood, 4-burner, 6-burner and 8- burner ranges with ovens, 2’-char grill, four 2-door pizza prep. fridges, 2-door reach in, 2-pan steam table hand sink and floor sink. A pantry and preparation area has a walk in cooler, 2-drawer bread warmer, slicer, stainless work tables, 10’ dishwasher rinse station and 12’ clean table, prep sink, hand sink and mop sink. There is a large upstairs office, storage area with an ice machine, mixer and two reach in freezers. There are two ADA restrooms and the entire customer area is wheelchair accessible The present menu is well thought out and the concept maintains a firm niche in the community and sales could easily be increased by opening earlier for weekend brunches, extending evening hours to take full advantage of the liquor license and adding entertainment. The business regularly books large groups and semiprivate parties as well as off site catering. The base rent is $9,551 and the NNN plus CAM charges of $2,948 include water, sewer and garbage as well as the taxes, insurance and common area maintenance. Seller Carry Back Financing.
General Information:
Organization: Corporation.
Year Established: 1983.
Seating: 90 inside, 12 outside.
Square Foot/Size: 4,401.
Parking: Street, Parking lot.
License(s) Required: Business, Type 47 liquor license.
Days Open/Hours: Sun-Thurs 11:30am-9:30pm, Fri/Sat 11:30am-10pm.
Lease Information:
Lease Rent: $12,500 all inclusive.
Lease Expiration: Oct. 1 2011.
Yearly Adjustment: 3%.
Lease Option: 5 years.
Security Deposit: $7,300.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.