#5785
San Mateo County

2.5 million built out, beautifully designed, in upscale Menlo Park

$285,000
2.5 million built out, beautifully designed, in upscale Menlo Park
This Listing is Expired

3-years Brand new constructions, beautifully designed, elegant and accessible restaurant for sale in upscale Downtown Menlo Park. The restaurant is known for their great ambience, high end Malaysian fusion with a touch of Thai concept. They also serve cocktails drinks and other alcoholic drinks in the bar area. This is a $2.5 million built-out with brand new constructions, high ceiling with plenty of seating area. Approximately 5000 sq ft plus 500 sq ft of inviting and spacious private dining area. Fully equipped kitchen with long type 1 hood, elevator to go up and down the facility and many kitchen equipment. There is a private parking lot in the back with 16 spaces which can be used for outdoor dining (good for many outdoor seatings). Owner operated with annual sales at $2,400,000. 

 

Type 47 liquor license, Business name, domain, trademark, are not included in purchase price but can be negotiable at a separate price. 

 

Recipe and POS main servers are not for sale.

 

Showing are done by appointment only 

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 5 yr + 5yr + 5yr option on lease
Total Monthly Rent:
$20,000

Financials

Last Year's Annual Gross:
$2,400,000

Operations

Liquor License:
47
# of Full-Time Employees:
15
# of Part-Time Employees:
15
# of Working Owners:
2
Hours Open:
Hour of operation: 11:30-2:30pm / 5pm-9:30pm (Monday to Saturday)
Hood System Type 1:
Yes

Facilities

Indoor Seating:
178
# of Parking Spots:
parking lot in back
Inside Sq. Ft.:
5,000

Highlights

  • Can convert
  • got lots growth potential
  • Prime location near high tech companies

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 40,849 74,208 224,464
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,388 29,312 77,339
2010 Persons Per Household 2.56 2.41 2.73
Median House Value $1,000,000 $1,000,000 $892,623
Income Per Household $115,444 $119,104 $96,573
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,666 3,254 7,590
2012 Number Of Employees 55,444 95,318 328,240
2012 Total Annual Payroll $4,294,967,295 $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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