Modern Restaurant On Burlingame Avenue
Modern Restaurant On Burlingame Avenue
Listing number: 60377
Location: San Mateo County
Year established:
Business Overview A rare opportunity to acquire a long-standing, highly profitable 2,900 sq. ft. restaurant situated in the heart of Burlingame Avenue—the Peninsula’s most affluent and sought-after dining destination.
Established for 11 years, this sophisticated venue features a stunning modern "exhibition-view" kitchen and one of the most desirable outdoor patios in the district. Currently operating exclusively for dinner service, the business offers a massive "plug-and-play" growth opportunity for an operator to capture the lucrative Burlingame lunch and brunch crowds.
Investment Highlights
Elite Burlingame Avenue Location: An iconic, high-visibility corner position with heavy foot traffic and over a decade of established goodwill in a premier dining corridor.
Full Liquor License: Includes a valuable ABC Type 47 License, supporting a high-margin cocktail and wine program.
Massive Revenue Upside: Operation is currently limited to dinner only. Expanding hours to include lunch or weekend brunch provides an immediate path to significantly increase gross sales.
Turnkey Infrastructure: Over $500,000 in recent designer renovations. The facility is fully equipped with a 25-foot Type 1 hood, walk-in refrigeration, and full ADA compliance.
High-Capacity Seating: * Indoors: 120+ seats across a chic, open-concept dining room.
Outdoor Patio: 20+ seats in a premier, high-demand al fresco setting.
Exceptional Lease Terms: Long-term lease secured with multiple options, locked in at significantly below-market rates for the Burlingame Avenue area.
Asking price: $899,000
Adjusted net income: $328,102
Revenue: $1,418,177
Lease information
- Total rent: $16,000
- Sqft: 2,900
- Lease: 5 year term with options
Asset information
- Inventory: $5,000
- Equipment/fixtures: $500,000
Additional information
- Reason for selling: Relocating
David Mayfair
For more information or to inquire about this business contact David Mayfair
- Office number: 619-455-2925
- Direct number: 650-885-8761
- License number: 01821081
- Agent email: david@sdbiz.com
