San Mateo County Coastal Restaurant and Bar

Not Disclosed, CA
San Mateo County


Asking Price: Annual Revenue:
$950,000 $2,915,248

Food & Beverage: Restaurants, Fast Food, Deli


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RE: San Mateo County Coastal Restaurant and Bar Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $950,000
Annual Revenue: $2,915,248
Net Profit: Not Disclosed
Cash Flow: $425,996
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1992
Employees: Not Disclosed
BBN Listing #: 416411533
Broker Reference #: 4225

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Business Overview:

San Mateo County Coastal Restaurant and Bar; SBA Pre Approved; $2.9 Million Sales; $425,000 Net Profit

RRC#: 4225
Asking Price: $950,000
Location: San Mateo County
Annual Revenue: $2,915,248
Annual Cash Flow: $425,996
Monthly Rent: $7,500 All Inclusive
Expiration: August 2023 plus Two 5 Year Options

Listing Description:
Well-established, popular seafood restaurant and bar in a coastal city of San Mateo County for sale. The restaurant is located on a main street and enjoys high visibility. It has been in operation for 30 years, and is a favorite among locals and tourists. The current owners took over the space in 2018, and have made updates to the interior and exterior since then. This restaurant holds an ABC type 47 full liquor license. The restaurant seats 110 inside and 60 outdoor on the patio.

The restaurant serves classic, beloved seafood dishes and has high reviews on Yelp, Google, and Trip Advisor. The restaurant’s atmosphere is fun and family friendly, and it is close to the beach and other local attractions.

The business is pre-approved for an SBA loan and has a track record of financial success including the pandemic year. The sales for 2021 show a 20% increase over 2019, with strong profits year after year.

A full equipment list and financial package is available upon request.


General Information:
Organization: LLC
Year Established: 1992
Employees: Contact for Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $242,937
Monthly Cash Flow: $35,499
Annual Revenue: $2,915,248
Annual Cash Flow: $425,996
Annual Payroll: Contact for Info

Facilities:
Square Feet: 5,000
Seating: Inside 110 / Outside 60
Parking: Parking Lot
Days/Hours of Operation: 11:30am - 8pm Daily

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Square Feet: 5,000 Seating: Inside 110 / Outside 60 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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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