"Hillsdale Mall" Food court Opportunity- Turn Key! Edit Listing

, California 9 views 0 favorites

Financial Highlights
Asking Price
$249,000
Business Description

San Mateo Hillsdale Shopping Center is a balanced blend of luxury and lifestyle retailers, restaurants and entertainment venues thriving on the San Francisco Peninsula. Conveniently located in the heart of the Peninsula recently remodeled and expanded with outdoor patio seating and enjoyment. A vibrant collection of casual and fine dining options offer guests indoor and al fresco dining from popular restaurants like The Cheesecake Factory, California Pizza Kitchen, Palette Tea Garden and Shake Shack, along with a Dining Terrace for quick bites, WiFi and comfortable seating. This restaurant opportunity is located on the second Floor Food Court dining Terrace, a prime location along with "Panda Express", "Ippudo Ramen", "Poke Bowl", "Uncle Tetsu Cheesecake", and others. Simply turn-key opportunity for a new operator to take over and start a new restaurant business venture. Great potential for a national fast-food restaurant chain to build branding and recognition in a high-traffic shopping mall. The restaurant concept can remain as the current menu concept or be converted to a different menu concept the choices are endless: 1) Fast Casual Japanese Sushi or bento box Rice 2) Indian Curry House 3) Mexican Taqueria 4) Fast Casual Thai Eatery 5) Fried Chicken & Waffles 6) Bakery Cafe selling fresh bread and pastries 7) Mediterranean Falafel, Gyro restaurant Restaurant Details: *Tastefully remodeled both unique and contemporary styling spent $700,000 for the buildout of the restaurant from scratch. *Walk-in Refrigeration *All FF&E (Furniture, Fixture & Equipment) are inclusive of sale *Seller will provide training if need be. *900 sf +/- w/additional storage area 200sf+/- in basement *Type 1 commercial hood for frying, cooking *Rent: $14,000+, NNN all utilities are included. *Lease Term 7 years + * Options to extend or New Lease pending landlord approval. *Landlord seek Buyer/Tenant to have previous experience and solid operationally and financially. *$249,000 Asset-Sale. If buyer is interested in taking over the DBA brand name, recipe and training, $80,000 additional fees are required.* Location: San Mateo, California Year Established: 2020 Number of Employees: 4 Real Estate: Leased Building Sq. Ft.: 1,000 Rent: $20,000.00 Per Month Lease Expiration: 3/1/2029 Facilities: Top of line designed and full turn-key commercial built kitchen type 1 hood, cooler/ freezer refrigeration, prep kitchen, storage. Located in a busy food court area. Website: wikitravel.org/en/San_Mateo Market Outlook/ Competition: Prime location in a busy high traffic shopping mall, newly remodled and expanded in the heart of the Peninsula. Growth & Expansion: working with 3rd party delivery apps and or online platforms for pickup and delivery.

Business Details
Industry:
Restaurants & Food
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 22, 2022

Updated: 10 hours ago

Views: 9

Favorites: 0