Prime Downtown San Carlos Restaurant & Bar, Entertainment
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Rare opportunity to acquire a turnkey, second-generation full-service restaurant facility located in the heart of Downtown San Carlos on highly desirable Laurel Street. Positioned within one of the Peninsula's established dining and retail districts, this location benefits from strong local demographics, significant household purchasing power, a walkable downtown environment, nearby office and residential uses, and convenient access to public transportation.
The existing restaurant infrastructure offers an experienced operator the opportunity to enter one of San Carlos' most established commercial corridors without the time and expense associated with building a full-service restaurant from the ground up.
The facility is designed to accommodate multiple revenue channels, including lunch, dinner, bar service, private dining, celebrations, corporate events, outdoor dining, catering and takeout. The existing configuration includes a substantial main dining area, full bar capability, multiple private-dining spaces and an outdoor patio component.
Downtown San Carlos is recognized by the City as the community's primary shopping and dining district, with a concentration of locally owned restaurants, specialty retailers, professional services, residences and office uses. The surrounding market is characterized by strong household income and education levels, creating a customer base capable of supporting premium casual and upscale restaurant concepts.
The opportunity is particularly well suited for an experienced restaurateur, chef/operator, hospitality group, emerging restaurant brand, or investor/operator seeking a highly visible Peninsula location with an existing restaurant infrastructure.
A future operator could continue the existing concept or reposition the facility for a differentiated restaurant, wine bar, Mediterranean concept, contemporary American restaurant, seafood concept, steakhouse, Italian restaurant, or other full-service hospitality use, subject to lease, zoning, licensing and governmental approvals.
Established downtown dining environment
Strong household purchasing power
Highly educated local population
Dense concentration of restaurants and complementary businesses
Pedestrian-oriented Laurel Street environment
Nearby public transportation, including Caltrain and SamTrans
Strong local/customer base rather than dependence solely on destination traffic
Existing restaurant infrastructure
Outdoor dining/patio capability
Full bar capability
Multiple private-dining/event spaces
Ability to support lunch, dinner, brunch and private events
Financial statements, lease information, equipment inventory, licensing information and additional property/business details are available to qualified buyers subject to execution of a confidentiality agreement and seller approval.
6500 sqft
Lease Terms : Ends April of 2034
Rate : $4.89 plus NNN $5700
Seller's Lease includes A right of first refusal
The existing restaurant infrastructure offers an experienced operator the opportunity to enter one of San Carlos' most established commercial corridors without the time and expense associated with building a full-service restaurant from the ground up.
The facility is designed to accommodate multiple revenue channels, including lunch, dinner, bar service, private dining, celebrations, corporate events, outdoor dining, catering and takeout. The existing configuration includes a substantial main dining area, full bar capability, multiple private-dining spaces and an outdoor patio component.
Downtown San Carlos is recognized by the City as the community's primary shopping and dining district, with a concentration of locally owned restaurants, specialty retailers, professional services, residences and office uses. The surrounding market is characterized by strong household income and education levels, creating a customer base capable of supporting premium casual and upscale restaurant concepts.
The opportunity is particularly well suited for an experienced restaurateur, chef/operator, hospitality group, emerging restaurant brand, or investor/operator seeking a highly visible Peninsula location with an existing restaurant infrastructure.
A future operator could continue the existing concept or reposition the facility for a differentiated restaurant, wine bar, Mediterranean concept, contemporary American restaurant, seafood concept, steakhouse, Italian restaurant, or other full-service hospitality use, subject to lease, zoning, licensing and governmental approvals.
Established downtown dining environment
Strong household purchasing power
Highly educated local population
Dense concentration of restaurants and complementary businesses
Pedestrian-oriented Laurel Street environment
Nearby public transportation, including Caltrain and SamTrans
Strong local/customer base rather than dependence solely on destination traffic
Existing restaurant infrastructure
Outdoor dining/patio capability
Full bar capability
Multiple private-dining/event spaces
Ability to support lunch, dinner, brunch and private events
Financial statements, lease information, equipment inventory, licensing information and additional property/business details are available to qualified buyers subject to execution of a confidentiality agreement and seller approval.
6500 sqft
Lease Terms : Ends April of 2034
Rate : $4.89 plus NNN $5700
Seller's Lease includes A right of first refusal
About the Business
- Years in Operation
- 2
- Facilities & Assets
- Prime Laurel Street frontage with strong visibility within Downtown San Carlos
Full-service restaurant configuration suitable for lunch, dinner and special events
Main dining room reportedly accommodates approximately 90 seated guests / 120 standing
Outdoor patio with capacity for approximately 46 seated guests
Bar area with capacity for approximately 40 standing guests
Multiple private dining rooms, reportedly accommodating approximately 12, 18 and 28 guests
Full bar infrastructure
Commercial restaurant kitchen
Existing dining furniture, fixtures and equipment, subject to inventory and sale terms
Outdoor dining capability
Facility capable of supporting private parties, corporate functions, celebrations and restaurant buyouts. - Market Outlook / Competition
- The surrounding competitive environment includes established Italian, American, Greek/Mediterranean, German, pizza, wine-bar and fast-casual concepts. This concentration provides an experienced operator with both a proven customer base and a highly visible dining environment.
The market is characterized by a diverse customer mix that includes San Carlos residents, Peninsula professionals, office users, destination diners and customers attending local events and community activities.
Recent restaurant openings on Laurel Street demonstrate continued operator interest in the downtown market and have expanded the corridor's culinary diversity. The resulting restaurant concentration can create competitive pressure, but also reinforces Laurel Street's position as a destination where customers can conveniently dine, socialize and patronize multiple businesses within a walkable downtown environment. - Opportunities for Growth
- The principal opportunity is not necessarily to expand the physical footprint, but to maximize the productivity of the existing facility.
A well-executed strategy could focus on:
More Customers → Higher Average Check → Better Daypart Utilization → More Private Events → Expanded Catering → Stronger Beverage Sales → Increased Customer Retention
About the Sale
- Seller Motivation
- Creating an opportunity for qualified buyer to acquire & continue the operation
- Transition Support
- The transition and training program may include:
• Introduction to key operating procedures and day-to-day restaurant systems
• Training on kitchen, front-of-house and bar operations
• Menu preparation, recipes and food-production procedures, as applicable
• Vendor and supplier introductions
• Review of ordering, inventory and purchasing procedures
• POS and operational systems orientation
• Introduction to key employees and operating personnel
• Customer-service and service standards
• Private-event and catering procedures
• Guidance regarding scheduling and staffing practices
• Introduction to established business relationships, subject to applicable agreements
• General operational guidance and assistance during the initial transition period
Seller will work cooperatively with Buyer to facilitate an orderly transfer of operations and minimize disruption to employees, customers and vendors.
Listing Info
- ID
- 2558205
- Listing Views
Listing ID: 2558205 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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