Search

Restaurant / café

  • Status: Available
  • Price: $290,000

Anne Shay

License No:
DRE #02111828
Email:
anne@lbaweb.com
Office:
510-564-4433
Mobile:
925-932-2450
  • Listing No: 4139
  • Status: Available
  • Area: San Mateo county
  • Price: $290,000

Description

 

This is a Classic American Diner in a busy Shopping Center Anchored with major chain stores in San Mateo County, frequented by tourists and loyal local clienteles. The dinning room offers 9 x snuggly boots seating 4+, tables up front and 10 seats at the counter. Seating capacity 48. Owner claims gross income of $35,000 a month. Payroll of $4,500/m for 4 x P.T. employees on weekends. Owners are in 2nd year of a 5 years lease, with 1 x 5 years option to renew. Rent is $4,300/m for 5,000sqft. space. The Diner has been completely refurbished and renovated in 2014, with new fully equipped Kitchen, Grills, Fans, Freezers, Refrigerator, Dishwasher, new Tile Floors, and installed a new sewer lateral. The entire place is bright and very clean. Bathroom is ADA compliant.

They Serve Classic and Traditional American Breakfast and Lunch, Caters favorably to locals and tourists alike. Currently the Restaurant is only open for Breakfast and Lunch- with opportunity to expand to Dinner service. It is located in a busy Shopping, entertainment, and Business Center that features weekend community events and gatherings including Moves nights sponsored by the Mall’s Property Manager. Currently there is no other Restaurant in this shopping mall offering the classic diner menu and there is plenty of options to expand service and hours.

Business Information

Ownership Type: Sole Proprietorship
Year Established:
Year Purchased: 2014
Business Type: American Diner
License(s) Required: Business, Health,
Hours of Operation: Monday- Sunday 8am-2pm
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 4139
Date Available: 05/12/2022
Reason For Sale: Other Interest

Financial Information

Annual Total:
420,000
Revenue:
Annual Net Income:
Inventory:
6,000
Monthly Payroll:
4,500/m

Lease Information

Base Rent:
4,300
Lease Expires:
2025
Lease Option:
1 x 5 years option
NNN:
970/m

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

Contact Us

    RELATED PROPERTIES

    $2,500,000

    Gas Station and Mart

    Alameda County
    $150,000

    Franchise Pizza Restaurant

    Contra Costa County
    $900,000

    Liquor Store

    Alameda County