Redwood City Steakhouse with Patio Seating

Redwood City, CA
San Mateo County

Asking Price: Annual Revenue:
$249,900 $1,389,587

Food & Beverage: Restaurants, Fast Food, Deli

Request More Information
Contact the Seller

RE: Redwood City Steakhouse with Patio Seating Broker: Steve Zimmerman

Quick Facts

Asking Price: $249,900
Annual Revenue: $1,389,587
Net Profit: Not Disclosed
Cash Flow: $115,048
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 991911533
Broker Reference #: 3381

Email, Print & Share

Request More Information
Contact the Seller

Business Overview:

Redwood City Steakhouse with Patio Seating; 1.4 Million Sales, 115,000 Net Profit

Asking Price: Offered At $249,900
Location: Redwood City, San Mateo County
Annual Revenue: $1,389,587
Annual Cash Flow: $115,048
Monthly Rent: $16,103

Listing Description:
Established steakhouse on a busy thoroughfare in the downtown area of a Redwood City. The location is situated near retail, offices, and other restaurants, and is within walking distance of residential areas. There is inside seating for 140 and an outside patio for 20 with umbrellas and headlamps. The location is open for lunch and dinner 7 days a week with lots of offices in the area making way for strong lunch business coupled with high income residential and families in the area for solid dinner business. There is an opportunity to increase revenue by expanding the cocktail program. There was a recent remodel done of $120,000 on both the front of house and kitchen. The remodel included new equipment for the kitchen and updating the front of house for a more modern contemporary look. The restaurant has an open air fully equipped kitchen with two 8ft hoods on the front line and a wood burning oven, steak broiler and a 6ft grill. The front line is also equipped with a two door reach-in refrigerator, steam table, 8 burner stove with oven, a total of four 2 door under-counter refrigerators with prep station, fryer, salamander, multiple hand-washing sinks and video screen order in system. The kitchen is very large and has an employee area, large dry good storage and a huge walk in refrigerator with walk in freezer. connected. The kitchen also has an 8ft hood with Rational convection oven, 4 burner stove and oven, two stock pot burners, slicer, chest freezer, ice machine, hand-washing sinks, prep sink, 3 compartment sink area with dishwasher. There is an office area and two restrooms.

General Information:
Organization: Inc.
Established: 2012
Current Owner: 2012
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $115,798
Monthly Cash Flow: $9,587
Annual Revenue: $1,389,587
Annual Cash Flow: $115,048
Payroll: Contact For Info
Monthly Revenue: $115,798
Monthly Cash Flow: $9,587

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.

Additional Details:

  • The property is owned.
  • 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.

Relevant Links:

Request More Information
Contact the Seller is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!