#6050
San Mateo County

36 years Established Chinese restaurant for sale in Redwood City

$150,000
Available
36 years Established Chinese restaurant for sale in Redwood City



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36 years established Chinese restaurant for sale in Redwood City. Located in a revamped shopping center that also has an ice cream shop, microbrewery, Starbucks, Delucchi’s Market, Wells Fargo, AllState and a Mexican restaurant and more. Minutes to Facebook headquarters and highway 101. Family run for many years and they are known for "best potstickers in the city". They do lots of takeouts and delivery. Approximately 1700 sq ft with 50 seating capacity. Lease amount is $5500 all inclusive. Monthly sales are $30,000. Can convert. Some of the equipment included are 10 feet type1 hood, deep fryer, 2-door under the counter prep table, walk in cooler, wok, meat slicer, chest freezer, hot water urn, 2-door freezer and more

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

Lease

Region:
San Mateo County
Lease Term:
Landlord will provide new lease
Total Monthly Rent:
$5,500

Operations

Liquor License:
41
# of Full-Time Employees:
4
# of Working Owners:
2
Hours Open:
closed Tuesday- open from 11-8pm
Year Established:
36 years
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
# of Parking Spots:
shopping center
Inside Sq. Ft.:
1,700

Highlights

  • Can convert
  • got lots growth potential

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 33,527 196,898
Households 3-mi. 5-mi
2010 Number Of Households 8,734 70,276
2010 Persons Per Household 3.39 2.65
Median House Value $453,300 $825,061
Income Per Household $52,818 $105,796
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,533 6,629
2012 Number Of Employees 57,640 248,044
2012 Total Annual Payroll $2,621,105,000 $4,294,967,295

click for more demographic info

Disclaimer

This information has been secured from sources we believe to be reliable but we make no representations, warranties, express or implied, as to the accuracy of the information. Listing broker has been given enough information to provide only a preliminary interest in the property. The materials are not to be considered fact. The information contained herein is not a substitute for thorough due diligence investigation. References to square footage, zoning, use, or age are approximate. Any renderings should be considered conceptual in nature and such renderings do not represent the current condition or what can or may be done to the property. Neither broker or landlord represent that this space is suitable for your use. Tenant or Buyer must verify the information at their own expense and bears all the risk for any inaccuracies.

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