Fast Casual Restaurant Downtown San Mateo

San Mateo, CA

Seller Financing Available

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Asking Price:$250,000
Gross Revenue:$773,888
Rent:$5,752/Month
Established Year:2022
Cash Flow:$120,543
Inventory:$10,000
FF&E:$89,260
BUSINESS DESCRIPTION

This is a great business opportunity for someone who loves food! Incredibly strong fast casual brand that matches well with the demographics of the San Francisco Bay Area. The location is in a bustling downtown area that has tremendous foot traffic. A little extra focus and attention from a Buyer and the business will be rocking and rolling! For more detailed information, please contact listing broker Kenji Gjovig at kenji.gjovig@fcbb.com or (650) 397-6567.


DETAILED INFORMATION
Location
San Mateo, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,018
Lease Expiration
01/12/2025
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This is a leased location of 1,018 square feet with a Total monthly rent of $5,752. Lease ends 12/2025 with one (1), five (5) year option. Seller is active with 6 PT employees. Hours of operation are Mon-Fri: 11 - 8; Sat: 12- 8. $10,000 in inventory and $89,260 in FF&E included in the asking price. Buyer will need to be approved by Franchisor and go through training.
Financing
60% down, 40% seller financed for 3 years at 10% interest rate
Support & Training
6 weeks
Reason for Selling
Focus on other business oppotunities
Franchise
This business is an established franchise
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Kenji
Gjovig
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Kenji Gjovig