Business Overview:
Fully Equipped Restaurant + Outdoor Seating; formerly did $1.7 Million Sales, Short term 2 yr Lease
RRC#: 4135
Asking Price: $49,000
Location: 1754 Laurel Street, San Carlos
Annual Revenue: Contact For Info
Annual Cash Flow: Contact For Info
Monthly Rent: $3,905 approximately
Expiration: 4/30/2024
Listing Description:
The restaurant has a large glass frontage on popular Laurel Street in San Carlos and the restaurant is currently closed. There is a comfortable dining room, full kitchen and outdoor seating area which holds approximately 40.
Some of the equipment includes as follows: 8' type 1 hood with fire suppression system, 2 -3 full door glass refrigerators, 4 door under counter refrigerator + sandwich station, 2 Turbo convection ovens, 40 gallon steam kettle, hand sink, 1 door under counter heat unit, Henny Penny pressure fryer, 1 door under counter refrigerator, full door glass refrigerator, 3 full door refrigerator, 2 full door refrigerator and mop sink, Square POS with 1 terminal, 2 TV's, etc. There is also an ADA restroom for customers and an employee restroom.
Sales during Covid were as follows: 2020 - $1,282,450 and 2021 - $1,129,492 and pre-Covid approximately $1.7 million. The lease expires April 30, 2024 and it is doubtful that it can be extended and thus the inexpensive sales price.
General Information:
Organization: Corporation
Year Established: Contact for Info
Employees: Contact for Info
Reason For Sale: Other Interests
Financial Information:
Monthly Revenue: Contact For Info
Monthly Cash Flow: Contact For Info
Annual Revenue: Contact For Info
Annual Cash Flow: Contact For Info
Annual Payroll: Contact For Info
Facilities:
Square Feet: 1,700 approximately
Seating: 30 inside + 40 outside
Parking: Street
Days/Hours of Operation: Contact for Info
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Property Features and Assets:
Square Feet: 1,700 approximately
Seating: 30 inside + 40 outside
Parking: Street
Days/Hours of Operation: Contact for Info
Reason for Selling:
Other Interests.
Additional Details:
- The property is leased.
- The owner is 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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