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#5525
San Mateo County

Bar & restaurant with type 47 hard liquor license in Redwood City

$345,000
Available

Seasonally-inspired, full-service grill-based restaurant and sports bar for sale in Redwood shore. They are one of The Peninsula's best restaurants and feature Redwood City's best burger and best ribs. The bar features only local craft beers. They have 16 beer taps and rotate them frequently. There are 8 televisions throughout the restaurant and feature the NFL Sunday Ticket showing every NFL game. Gross income per year is $1,500,000+. Approximately 3595 sq ft with kitchen and long type 1 hood. Lease is $13,000 all inclusive. Type 47 hard liquor license is included

This is a The Real Estate Discount Concept listing.
Realtor Tommy Tran DRE License #01439113

Lease

Region:
San Mateo County
Lease Term:
There is 5 years left on lease
Total Monthly Rent:
$13,000
Security Deposit:
$35,000

Operations

Liquor License:
47
# of Part-Time Employees:
25
# of Working Owners:
2
Year Established:
5 years ago
Hood System Type 1:
Yes

Facilities

# of Parking Spots:
shopping plaza
Inside Sq. Ft.:
3595

Highlights

  • Type 47 hard liquor license
  • lots of seating
  • Can convert

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 12,284 77,733 277,037
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 4,745 30,306 101,071
2010 Persons Per Household 2.39 2.44 2.59
Median House Value $825,100 $850,359 $772,296
Income Per Household $132,337 $118,539 $94,429
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 420 2,712 8,585
2012 Number Of Employees 39,826 123,652 315,248
2012 Total Annual Payroll $2,720,684,000 $4,294,967,295 $4,294,967,295

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Disclaimer

The information contained in this offering profile was provided by the Seller and is believed to be accurate. RestaurantForSales.com and The Real Estate Discount Concept its agents, brokers, managers, employees have not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness whatsoever.  You are responsible for performing a thorough due diligence of the business before consummating a transaction. This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer.  Please note: (1) Sq. ft. is estimated (2) Annual Payroll is last year's and does not include any owner wages. 


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