Remodeled Restaurant/Bar, Prime Locale $2.5M Sales

San Carlos, CA
San Mateo County

617-619 Laurel Street

Asking Price: Annual Revenue:
$225,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Remodeled Restaurant/Bar, Prime Locale $2.5M Sales Broker: Seller of Business
License #: 01310250

Quick Facts

Asking Price: $225,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 351411533
Broker Reference #: 3651

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Business Overview:

Remodeled Restaurant/Bar, 617-619 Laurel St, San Carlos; Prime Location; Did $2.5+ Million Sales. RRC#: 3651

Price Reduced: Offered At $225,000
Location: 617 Laurel Street., CA, San Carlos, San Mateo County
Monthly Rent: $12,843 + NNN

Listing Description:
This beautifully remodeled restaurant which has over a $1 Million invested is on one of the most desirable streets in the peninsula. It recently closed and operated briefly as Tratt and formerly Trattoria da Vititorio and closed due to weak management as the primary owner has no restaurant experience. Sales for 2019 were $2,557,652. A strong operator should be able to generate $3 Million sales minimum and there is a long term lease per the lease terms indicated below. There is a large glass frontage and the dining room has an open airy feeling with a combination of tables and chairs and banquette seating, wood tile floors and attractive hanging light fixtures. In the dining room there is a display kitchen with a marble topped counter and 12 counter seats surrounding this area. There is an attractive bar area with a granite bar top, walnut shelving and 19 bar stools. There is also a full kitchen, prep area, dish washing area and storage areas. In the bar area there is a private dining room which can seat up to 20 overlooking a wine cellar. There is also an office and 2 ADA restrooms. There are new HVAC units with separate control systems, a multi zone surveillance system and alarm system. Some of the equipment includes as follows: 12' type 1 hood with fire suppression system, pasta cooker, 2 – 6 burner units over 2 ovens, 2- 2 door under counter refrigerators with sandwich stations, 3' char grill, double basket fryer, full door freezer, microwave, ice machine, walk-in refrigerator, pizza oven, 3 -3 compartment sinks (1 with rinse hose), 4 hand sinks, POS system, 2 group espresso machine, coffee grinder, 2 -2 glass door under counter refrigerators, ice bin, 2 -3 door under counter refrigerators (1 with 4 taps & 1 with sandwich station), 1 door under counter refrigerator.

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Property Features and Assets:

Parking: street parking Square Feet: 3,600 Seating: 153 + 19 Bar Seats + 8 Outdoor Seats Lease Expiration: 8/31/2028 Lease Option: 5 years

Reason for Selling:

Other Interests

Additional Details:

  • The property is leased.
  • 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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