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For Sale: Steak House And Lounge - Well Established - San Mateo County

NDA   |  

Current Status: Active     Posting #: 264876     Last Refreshed: 4/11/21    
Contact: Manjit Singh At 510-417-9429 Cell , 209-627-0075  -  Also Email This Contact Below
Asking Price:  $650,000     Down Payment:  $650,000     Annual SDC:  Call / Email     Annual Gross:  $2,400,000    
Attributes:  Broker-Broker Coop, Training & Support
The restaurant & lounge is located in San Mateo County, California, in the very busiest area, off 280. The success & history of this Restaurant & Lounge dates back to 1950 and has been in the present ownership since 1975. After 45 years, the owners now wish to retire and pass on their highly successful business to new owners. The building is 4289 square foot & the lot is 10,000 sq ft. The ambiance of stepping back into the history & grandeur runs throughout. Ample parking. The current menu serves lunch, dinner.

All the furniture, fixtures, and fittings are in excellent condition & the lounge, which seats 80. The dining room creates a beautiful atmosphere, seating 120. There is a full ABC Type 47 hard liquor license included with annual sales of $2.4 + million and very decent discretionary cash-flow with a scope to increase business volume, control costs, and increase profit.

*Lease: 5/5 (New lease can be negotiated with property owners)
*Licenses: Type 47 Liquor License, Health Permit & Seller's permit .
*Employees: 12 full time & 13 part-time.
*The current hour of Operation during the COVID-19 pandemic 11 am-7:30 pm.
*Regular hours before pandemic:
Restaurant Hours: Mon-Fri 11am-3pm, Saturday:10am -3pm, 4pm - 9:30pm Sunday: 4pm-9:30pm
*Bar Hours: Sun-Wed Open until midnight Thurs-Sat Open until 2 am.

2016- $2,452,000
2017- $2,430,000
2018- $ 2,430,000
2019- $ 2.4+ Million.

Profit & loss statements of business available for qualified buyers. NDA required. No-NDA No-Information.

To get more information about this Steak House And Lounge - Well Established business for sale in San Mateo County please phone Manjit Singh (Intermediary, Agent - BRE License #:01291808) at 510-417-9429 Cell and 209-627-0075 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #264876 on In addition to phoning Manjit Singh, make sure you email Manjit Singh above to get more info about this Steak House And Lounge - Well Established, to ask any questions or request an appointment to see this business for sale. Thank you.

Email Manjit Singh Below About This Posting

No Spam
For Best Results & Response, Email & Phone This Contact: Manjit Singh at 510-417-9429 Cell and 209-627-0075.
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For Sale: Restaurant - Prime Corner Location, Nob Hill Area In San Francisco, Nob Hill, California
Contact: Cheryl Maloney : 415-309-2722 Cell, 415-309-2722 Text
Status: Active  Posting #: 267367  Refreshed: 4/13/2021
Asking Price: $129,000  Down Payment: Call / Email  Annual SDC: Call / Email  Annual Gross: Call / Email
Attributes: Broker-Broker Coop, Asset Sale, Training And Support
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Contact: Cheryl Maloney : 415-309-2722 Cell, 415-655-5639
Status: Active  Posting #: 260679  Refreshed: 4/10/2021
Asking Price: $249,000  Down Payment: Call / Email  Annual SDC: $130,000  Annual Gross: $380,000
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Contact: Cheryl Maloney : 415-309-2722 Cell, 415-309-2722 Text
Status: Active  Posting #: 266920  Refreshed: 4/8/2021
Asking Price: $229,000  Down Payment: Call  Annual SDC: $60,000  Annual Gross: $450,000
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Contact: Roger : 831-226-2322
Status: Active  Posting #: 261821  Refreshed: 4/11/2021
Asking Price: $295,000  Down Payment: Call  Annual SDC: $156,000 (Projected)  Annual Gross: $910,000 (Projected)
Attributes: Broker-Broker Coop, For Sale By Owner, Semi Absentee Run, Training And Support, Owner Financing
Fast Track Posting A well established Restaurant and Bar located on a major artery in the San Lorenzo Valley, Santa Cruz County. Includes 2 comfortable dining rooms, an active, intimate bar and cocktail lounge attached to a sunny garden patio. A favorite destination of local diners, tourists, travelers and campers. Financing available for qualified Buyer Gross Revenue for 2018: $722,741 SDE for 2018 $138,519 Gross Revenue for 2019 $824,000 SDE for 2019 $115,507 Projected: Gross Revenue for 2020 $910,000 SDE for 2020 $156,000. Projected Gross Revenue for 2021: $1,000,000 plus. Estimated SDE for 2021 $181,000
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Contact: Jeff Back: 925-736-8200
Status: Active  Posting #: 266109  Refreshed: 4/11/2021
Asking Price: $350,000  Down Payment: Call / Email  Annual SDC: $179,618  Annual Gross: $850,697
Attributes: Training And Support
Fast Track Posting This is a fabulously successful Thai restaurant in a very desirable shopping area of Dublin established since February 2000. New remodel and many newer pieces of equipment. Very strong take out business. 2020 through October only down 20%. Huge takeout business and a very loyal customer base. $850,697 net sales 2019 with $179,618 adjusted net income for working owner. Only 1,414 SF. October 2020 actually had more sales than October 2019 even without full inside dining.
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