#5802
San Mateo County

A hidden gem tucked away in Downtown Millbrae

$150,000
Available
A hidden gem tucked away in Downtown Millbrae



ADD TO FAVORITE

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 The Real Estate Discount Concept listing.
Realtor 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

The information contained in this offering profile was provided by the Seller and is believed to be accurate. RestaurantForSales.com and Realty One Group Infinity 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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