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#6552
San Mateo County

Absentee run Asian restaurant for sale in Downtown San Mateo

$350,000
In Escrow
Absentee run Asian restaurant for sale in Downtown San Mateo



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Absentee run Asian restaurant for sale in prime Downtown San Mateo. The place is inviting with attentive staffs. You will be seated and then there’s a QR code to order your food. The menu was all online via QR code. Their concept of made-to-order noodle soup is heavily influenced by the street vendors of Hong Kong. Average annual gross income is between $1,000,000 plus. Lease amount is approximately $12,000. Landlord will provide new lease to buyer. This is an asset sale. The name, menu, recipe and training not included

This is a Grand Realty Group listing.
Business brokering-Industrial-Retail-Leases Tommy Tran DRE License #01439113

Lease

Region:
San Mateo County
Lease Term:
landlord will provide new lease
Total Monthly Rent:
$12,000

Financials

Last Year's Annual Gross:
$1,000,000

Operations

# of Part-Time Employees:
8
Hours Open:
open everyday from 11-9pm
Year Established:
5 years
Hood System Type 1:
Yes

Facilities

Indoor Seating:
49

Highlights

  • can convert

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 34,844 144,370 240,889
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 12,795 54,392 91,509
2010 Persons Per Household 2.63 2.52 2.50
Median House Value $570,500 $826,362 $835,294
Income Per Household $69,832 $94,422 $99,772
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,051 5,215 7,955
2012 Number Of Employees 22,002 177,132 314,092
2012 Total Annual Payroll $591,164,000 $4,294,967,295 $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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