Reason for selling: Old age and Planned retirement.
PRIME location San Mateo downtown located on 4th Ave and close to B Street Movie Theater, Train Station and very centrally located. Rare opportunity for a fully fixturized restaurant and turn-key bakery restaurant to become available until now.,Bakery Restaurant & in San Mateo for sale, seats 15-20 in dining room, and Full kitchen (Type 1), prep kitchen and upstairs storage. located on main street with heavy car and foot traffic.,Size : 750sf +/-, + 500sf upstairs/ outdoor seating,Rent: $3,500/sf + NNN($400),Term: Remaining Lease 8.5 Year Term,Full Vented: Type 1 Kitchen/Prep Kitchen,Reduced Asking: $159k obo,Possible restaurant concepts:,1) BBQ restaurant & Bistro Pub,2) Asian / Chinese fast food restaurant,3) Japanese Ramen/ Udon restaurant,4) bakery cafe,5) Sushi Restaurant,6) Taqueria or Southwestern Grill,7) Burger or Cheesesteak Joint,8) many other possible concepts…,One Caveat, prospective buyer/interested party must be a strong operator in the restaurant business, and financially solid with a strong track record. If you are interested in learning more and setting up an appointment for tour, please send email with your basic information about your intended use and relevant industry experience for details. Thank you for your interest.,For anyone that is interested to learn more about this opportunity, please contact Riki~Restaurant Broker (650)302-6795 and sign a Confidentiality Agreement to make an appointment for tour. thank you, also inquire about many other restaurant listing and opportunities in SF Bay Area. (**Images in ad are for reference purposes only, Not to depict actual restaurant business for sale.**)
Asking Price: $159,000
Gross Revenue: N/A
Cash Flow: N/A
Financing: Buyer to have strong credit & financials
Franchise: – – –
Lease Rate/Sq. Ft.: $3.50 /SF/Month
Lease Rate: $3.50 /SF/Month
Lease Expiration: N/A
Support Training: Yes, seller willing to train if Buyer is interested in keeping existing restaurant business/concept.
Competition: Centrally located in a very highly competitive downtown market with restaurants of all types and cuisines but very favorable location and desirable market for the Seasoned restaurateur, not recommended for a first time operator.
*Below market rent and long term lease with landlord if prospect meets qualifications.*
Facilities: Turn-Key bakery restaurant operation conveniently located off Freeway 101 and centrally located across from Movie Theater, downtown San Mateo and train station. Great use for commissary and or food truck commissary kitchen as parking is readily available via back parking lot for pick up and delivery
Employees: 4+Part time
Inventory: N/A – Included in asking price
Real Estate: Leased
Building SF: 1,500
Type: – – –