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For Sale: Steakhouse Restaurant - Redwood City


Current Status: Active     Posting #: 255062     Last Refreshed: 11/8/19    
Contact: Steve Zimmerman At 415-945-9701  -  Also Email This Contact Below
Price:  $249,900     Down:  Call     Adjusted Net:  $115,048     Revenue:  $1,389,587    
Business Address:  None Given     City:  Redwood City     Zip:  None Given    
Attributes:  Training & Support     Cooperation With Brokers?  Call
Redwood City Steakhouse Restaurant Business For Sale Steakhouse Restaurant Company For Sale Redwood City Steakhouse Restaurant Companies For Sale Buy, Sell A Steakhouse Restaurant Business Selling A Redwood City Steakhouse Restaurant Steakhouse Restaurant Business Opportunity

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  Description About This Posting: Steakhouse Restaurant
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 get more information about this Steakhouse Restaurant business for sale in Redwood City please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 415-945-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #255062 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Steakhouse Restaurant, to ask any questions or request an appointment to see this business for sale. Thank you.

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