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Established Restaurant & Bar Restaurant
Location: United States -> California -> Northern California - Bay Area -> Daly City
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Restaurant, Bar, Abc 47 License, Plus Private 2 Bed. Apt- Restaurant Rent $2,896 With Apt. Rented

RRC#: 2888
Asking Price: $195,000
Location: Daly City, San Mateo County, California
Yearly Revenue: $420,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $6,896

LISTING DESCRIPTION:
This established freestanding restaurant with a ABC 47 liquor license is on a major thoroughfare and has strong visibility. The restaurant was remodeled and has a full kitchen, banquet room, a separate bar and cocktail lounge, prep kitchen, large dining room with booth seating, banquette seating and tables and chairs, a large basement, an office and lots of storage. The building includes a large, private 2 bedroom apartment for the restaurant operator''s use and living quarters. The apartment could be easily rented for $4,000 month, thereby supplementing the total rent, and reducing the operator''s restaurant rent to $2,896 per month ($6,896 total rent less $4,000 rent for apartment = $2,896 rent for restaurant). The conservative $4,000 rent for the apartment equates to $1.15 per foot, which is about half of the area''s market rent. Some equipment included is as follows: 12'' type 1 hood with fire suppression system, double basket fryer + single fryer, 3'' x 3'' flat grill, 2 door under counter refrigerator + sandwich station, 2 utility sinks, 7'' char broiler, 2 full door glass refrigerator, walk-in refrigerator, ice machine, 3 compartment sink + rinse hose, 2 full door freezer, full door refrigerator, microwave, 5 compartment steam table, hand sink, 1 door under counter refrigerator, stock pot burner, 3'' x 3'' chargrill, 2 burners, 6 burners over oven, 15 employee lockers. The large apartment unit includes 2 bedrooms, 1 1/2 baths, full kitchen, living room area and patio. There are also garages for the apartment units and the apartment unit has its own entrance.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $420,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2008
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased




Print Listing Id: 700307996
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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