#5802
San Mateo County

A hidden gem tucked away in Downtown Millbrae

$150,000
A hidden gem tucked away in Downtown Millbrae
This Listing is Expired

Family owned restaurant business for sale in Downtown Millbrae closed to highway 101 and Millbrae Bart. Located near the 5 block stretch of Broadway and is the heart of the downtown area. There you can find a fair number of stores and restaurants. A nice little spot to eat so that you don’t have drive down to Burlingame or up to the city to find something to eat. They are known by their super generous portions of beef & lamb Shawarma and chicken kebab rice plate. Approximately 1689 sq ft with 40 seating inside and 8 seating capacity outside. Parking is available on street. Some of the equipment included are tandoori oven, walk in cooler, one door freezer, 2 shawarma, deep fryer, charcoal grill, flat grill, 6 burner stove and more

This is a EXP Commercial of California, Inc listing.
Business brokering-Industrial-Retail-Leases Tommy Tran DRE License #01439113

Lease

Region:
San Mateo County
Lease Term:
There is 3 year left plus 5 yr option
Total Monthly Rent:
$8,400
Security Deposit:
$17,000

Financials

Last Year's Annual Gross:
$540,000

Operations

# of Working Owners:
1
Year Established:
2019
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
Outdoor Seating:
8
# of Parking Spots:
street parking
Inside Sq. Ft.:
1,689

Highlights

  • Can convert
  • got lots growth potential
  • Prime location

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 42,394 124,871 211,685
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 16,446 46,658 77,093
2010 Persons Per Household 2.45 2.55 2.58
Median House Value $1,000,000 $863,193 $790,594
Income Per Household $109,775 $94,632 $90,844
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,116 4,622 6,835
2012 Number Of Employees 66,738 129,366 228,830
2012 Total Annual Payroll $1,965,206,000 $3,831,530,000 $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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