Fully Functional and Turn-key Restaurant

Redwood City, CA
San Mateo County

Downtown Redwood City


Asking Price: Annual Revenue:
$150,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Fully Functional and Turn-key Restaurant Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $150,000
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: 2021
Employees: Not Disclosed
BBN Listing #: 259811533
Broker Reference #: 4371

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Business Overview:

Fully Functional and Turn-key Restaurant in Downtown Redwood City with Recent Modern Buildout

RRC# 4371
Location: San Mateo County

Description
Beautiful, modern restaurant space for sale in bustling downtown Redwood City. The location sees a lot of foot traffic during lunch and dinner hours, seven days a week. The space is close to other restaurants, retail, and offices. The interior was recently remodeled, and has a very contemporary look and includes a chef counter overlooking a glass enclosed kitchen. As part of the remodel, plumbing and sewage to the street were replaced, and the electricity was updated. Two parking spaces out front are reserved for a parklet.

The restaurant that occupied this space is closed, and that concept is not part of the sale. This space is well-suited to a range of concepts.

The area is home to a number of offices and with recent new developments in the area which have signed new long term leases with large law firms as well as the Chan Zuckerberg Initiative bringing additional business to the already dense area. The Fox Theater and Cinemark movie theater are in close proximity.

The restaurant is equipped with the following; two type 1 hoods (14' and 10'), one on the front line kitchen and another in the back of house, two 6 burner range with oven, salamander, fryer, flat top grill, char grill, two 2 door under-counter refrigerator with prep stations, two door reach-in freezer, one door reach-in freezer, a walk-in refrigerator and security camera system. A full equipment list is available upon request.

There are two bathrooms, an upstairs loft area for employees, and office and additional storage. This upstairs loft can be converted to a prep area which would provide additional capacity for online and food delivery concepts. There is also a back patio which may be converted to an outdoor patio.

Financial Information
Monthly Revenue: Contact for Info
Monthly Cash Flow: Contact for Info
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Payroll: Contact for Info

General Info
Organization: LLC
Established: 2021
Current Owner: Contact for Info
Employees: Contact for Info
Reason For Sale: Other Interests
Monthly Rent: $10,649.17 + NNN (currently $3,834.83)
Expiration: December 2031 plus Two 5 Year Options

Facilities
Square Feet: 2,597
Seating: 60
Parking: Street Parking and Public Parking Lot
Licenses: ABC Beer and Wine, Business and Health Permit
Days/Hours of Operation: Contact for Info

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Property Features and Assets:

Square Feet: 2,597 Seating: 60 Parking: Street Parking and Public Parking Lot Licenses: ABC Beer and Wine, Business and Health Permit 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.

Relevant Links:

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