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San Mateo, San Mateo County, California
Restaurant-Italian
Asking Price
$275,000
Revenue
$847,741
Down
$275,000
Cash Flow
$100,000
Name: Angelo Izzo
Phone: Show phone number
Name
Angelo Izzo
Phone
Show phone number
Description
Operating six days a week, from 11AM to 2 PM for lunch and 5 to 9 PM for dinner, the restaurant benefits from its prime location on a busy commercial street, drawing foot traffic and regular patrons alike. Closed on Sundays, the establishment offers an excellent work-life balance for the new owner.
The restaurant boasts sidewalk seating, allowing customers to enjoy their meals al fresco, and a well-equipped kitchen featuring a sizeable walk-in. These assets, combined with the restaurant's long-standing reputation, provide a turnkey solution for the new owner to hit the ground running.
One of the most compelling advantages of this business is its below-market lease terms. With the rent accounting for just 7% of monthly gross sales and a secure lease for the next seven years, this opportunity is as financially attractive as they come.
With the robust foundation laid by the retiring family, the new owner will have immense room for growth and expansion. The potential to extend operating hours or introduce new offerings to the menu could further increase profits.
For more details on this exciting opportunity
Business Details
Year Established:
2013
FE&E:
$50,000 est.
Reason for sale:
Owners are retiring
Support & Training:
Two weeks
Property Information
Size in Square Feet:
700 sqft
Lease Terms:
7 Years left on a 10 year lease-Buyer may obtain a new lease depending on qualifications
Premises Details:
Located in a heavy commercial section of San Mateo
Lease & Tenant Information
Posting Information
Posting ID:
5742217
Attributes:
Broker Cooperation
Training And Support
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Posting Title
Restaurant-Italian
Posting ID
#5742217
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