Business Overview:
Well Designed and Fully Equipped Restaurant in High Foot Traffic Hillsdale Mall; $1,347,729 Sales
RRC# 4447
Location: San Mateo
Description:
High-quality American comfort food concept for sale, located in Hillsdale Shopping Mall in San Mateo. The business for sale is situated in the food court, and is near the movie theater, the Apple store, Refuge, and other well-known eateries such as Shake Shack, Jamba Juice, Philz, and Starbucks. This is a prime location in a very busy mall with a lot of foot traffic and has been recently remodeled. The current concept is very easy to operate with a small staff.
This business presents an excellent opportunity to take over an existing concept, or start your own concept with a huge captive audience. The restaurant space is equipped with top-of-the-line, well-maintained equipment which was purchased in 2020, and is valued at over $250,000. The build-out is brand new, and includes new plumbing and electricity at a value of over $350,000. Taking over a turn-key business can save a great deal of time and money in the long run.
The business opened in 2020, and closed down twice that year due to the pandemic. In total, it had 4 months of service in 2020. The first full year of operation was 2021. The rent numbers below include rent, common area charges, and utilities. The restaurant itself is 873 sqft and has additional storage and benefits from a large shared seating area and restrooms in the mall.
This business presents an excellent opportunity for a solo owner/operator, or a family. The current owner is motivated to sell, and will review all reasonable offers. He has other business interests, and cannot give this restaurant the attention it needs to grow.
For more information please visit: https://www.restaurantrealty.com/listings/4447/
Financial Information:
Monthly Revenue: $112,310
Monthly Cash Flow: Contact for Info
Annual Revenue: $1347729
Annual Cash Flow: Contact for Info
Annual Payroll: Contact for Info
General Info:
Ownership: LLC
Established: 2020
Employees: Contact for Info
Reason For Sale: Other Interests
Monthly Rent: $20,203 (Including CAM, NNN and Utilities)
Expiration: 2029
Facilities:
Square Feet: 873
Seating: Large Shared Seating Area
Parking: Parking Lot
Licenses: Beer and Wine, Business and Health Permit
Days/Hours of Operation: 11am - (pm Monday - Saturday, 11am - 7pm Sunday
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Property Features and Assets:
Square Feet: 873;
Seating: Large Shared Seating Area;
Parking: Parking Lot.
Reason for Selling:
Other Interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
Asking Price: $150,000