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Restaurant, Bar, Abc 47 License, Plus Private 2 Bed. Apt- Restaurant Rent $2,896 With Apt. Rented

Daly City, California : Restaurants
Listing #2888

Restaurant, Bar, Abc 47 License, Plus Private 2 Bed. Apt- Restaurant Rent $2,896 With Apt. Rented RRC#: 2888 Asking Price: $195,000 Location: Daly City, San Mateo County, California Yearly Revenue: $420,000 Yearly Cash Flow: Contact For Info Monthly Rent: $6,896 LISTING DESCRIPTION: This established freestanding restaurant with a ABC 47 liquor license is on a major thoroughfare and has strong visibility. The restaurant was remodeled and has a full kitchen, banquet room, a separate bar and cocktail lounge, prep kitchen, large dining room with booth seating, banquette seating and tables and chairs, a large basement, an office and lots of storage. The building includes a large, private 2 bedroom apartment for the restaurant operator''s use and living quarters. The apartment could be easily rented for $4,000 month, thereby supplementing the total rent, and reducing the operator''s restaurant rent to $2,896 per month ($6,896 total rent less $4,000 rent for apartment = $2,896 rent for restaurant). The conservative $4,000 rent for the apartment equates to $1.15 per foot, which is about half of the area''s market rent. Some equipment included is as follows: 12'' type 1 hood with fire suppression system, double basket fryer + single fryer, 3'' x 3'' flat grill, 2 door under counter refrigerator + sandwich station, 2 utility sinks, 7'' char broiler, 2 full door glass refrigerator, walk-in refrigerator, ice machine, 3 compartment sink + rinse hose, 2 full door freezer, full door refrigerator, microwave, 5 compartment steam table, hand sink, 1 door under counter refrigerator, stock pot burner, 3'' x 3'' chargrill, 2 burners, 6 burners over oven, 15 employee lockers. The large apartment unit includes 2 bedrooms, 1 1/2 baths, full kitchen, living room area and patio. There are also garages for the apartment units and the apartment unit has its own entrance. GENERAL INFORMATION: Organization: LLC | Seating: 100 approx + 15 in banquet room | Square Footage: 2,500 approx. + 1,500 apartment + large basement | Parking: Street and some parking on site | Licenses Required: Business, ABC Type 47 (hard liquor) | Days Open/Hours: T-S T-Th & S: 11:30a-9p F,SA 11:30a-10p & Bar till 2a | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $420,000 | LEASE INFORMATION: Monthly Rent: $6,896 | Lease Expiration: 3/21/2022 | Yearly Adjustment: 3% | Lease Option: Negotiable |

Asking Price:

$195,000

Gross Income:

$420,000

(last 12 months)
Cash Flow:

Undisclosed

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Restaurant, Bar, Abc 47 License, Plus Private 2 Bed. Apt- Restaurant Rent $2,896 With Apt. Rented

RRC#: 2888
Asking Price: $195,000
Location: Daly City, San Mateo County, California
Yearly Revenue: $420,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $6,896

LISTING DESCRIPTION:
This established freestanding restaurant with a ABC 47 liquor license is on a major thoroughfare and has strong visibility. The restaurant was remodeled and has a full kitchen, banquet room, a separate bar and cocktail lounge, prep kitchen, large dining room with booth seating, banquette seating and tables and chairs, a large basement, an office and lots of storage. The building includes a large, private 2 bedroom apartment for the restaurant operator''s use and living quarters. The apartment could be easily rented for $4,000 month, thereby supplementing the total rent, and reducing the operator''s restaurant rent to $2,896 per month ($6,896 total rent less $4,000 rent for apartment = $2,896 rent for restaurant). The conservative $4,000 rent for the apartment equates to $1.15 per foot, which is about half of the area''s market rent. Some equipment included is as follows: 12'' type 1 hood with fire suppression system, double basket fryer + single fryer, 3'' x 3'' flat grill, 2 door under counter refrigerator + sandwich station, 2 utility sinks, 7'' char broiler, 2 full door glass refrigerator, walk-in refrigerator, ice machine, 3 compartment sink + rinse hose, 2 full door freezer, full door refrigerator, microwave, 5 compartment steam table, hand sink, 1 door under counter refrigerator, stock pot burner, 3'' x 3'' chargrill, 2 burners, 6 burners over oven, 15 employee lockers. The large apartment unit includes 2 bedrooms, 1 1/2 baths, full kitchen, living room area and patio. There are also garages for the apartment units and the apartment unit has its own entrance.

GENERAL INFORMATION:
Organization: LLC | Seating: 100 approx + 15 in banquet room | Square Footage: 2,500 approx. + 1,500 apartment + large basement | Parking: Street and some parking on site | Licenses Required: Business, ABC Type 47 (hard liquor) | Days Open/Hours: T-S T-Th & S: 11:30a-9p F,SA 11:30a-10p & Bar till 2a | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $420,000 |

LEASE INFORMATION:
Monthly Rent: $6,896 | Lease Expiration: 3/21/2022 | Yearly Adjustment: 3% | Lease Option: Negotiable |


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