Profitable Downtown Peninsula Location Steakhouse

Not Disclosed, CA
San Mateo County


Asking Price: Annual Revenue:
$499,900 $1,389,587

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Downtown Peninsula Location Steakhouse Broker: Steve Zimmerman

Quick Facts

Asking Price: $499,900
Annual Revenue: $1,389,587
Net Profit: Not Disclosed
Cash Flow: $115,048
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 958511533
Broker Reference #: 3296

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Business Overview:

Established steakhouse on a busy thoroughfare in the downtown area of a established city on the Peninsula. The location is situated near retail, offices, and other restaurants, and is within walking distance of residential areas. There is inside seating for 140 and an outside patio for 20 with umbrellas and headlamps. The location is open for lunch and dinner 7 days a week with lots of offices in the area making way for strong lunch business coupled with high residential and families in the area for solid dinner business. There is an opportunity to increase revenue by expanding the cocktail program. The restaurant has an open air kitchen with two 8' hoods on the front line and a wood burning oven, steak broiler and a 6' grill. The front line is also equipped with a two door reach-in refrigerator, steam table, 8 burner stove with oven, a total of four 2 door under-counter refrigerators with prep station, fryer, salamander, multiple hand-washing sinks and video screen order in system. The kitchen is very large and has an employee area, large dry good storage and a huge walk in refrigerator with walk in freezer. connected. The kitchen also has an 8' hood with Rational convection oven, 4 burner stove and oven, two stock pot burners, slicer, chest freezer, ice machine, hand-washing sinks, prep sink, 3 compartment sink area with dishwasher. There is an office area and two restrooms. RRC#: 3296

General Information:
Organization: Inc.
Established: 2012
Current Owner: 2012
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $115,798
Monthly Cash Flow: $9,587
Annual Revenue: $1,389,587
Annual Cash Flow: $115,048
Payroll: Contact For Info
Monthly Revenue: $115,798
Monthly Cash Flow: $9,587

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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.

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