Steakhouse Restaurant For Sale - San Mateo County

Profitable Downtown Redwood City Location; Steakhouse with Patio; 1.4 Million Sales


#: 3296
Asking Price: Offered At $399,900
Location: 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 residential and families in the area for solid dinner business. There is an opportunity to increase revenue by expanding the cocktail program.

The restaurant has an open air fully equipped kitchen with two 8' hoods on the front line and a wood burning oven, steak broiler and a 6' 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 8' 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
The listing # 252329 Steakhouse Restaurant - San Mateo County below is currently OFF THE MARKET due to that it is either in escrow at this time or has recently been sold. For more businesses for sale that are like this Steakhouse Restaurant in San Mateo County please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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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. Inside seating for 140 and an outside patio seating for 20.
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