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Listing ID: 2789684

Mulberry Street Pizzeria $930,000 Sales $101,000+ Profit Lots Of Upside For Sale

San Rafael, Marin, California, United States

$ 275,000

Revenue: $ 930,000

Cash Flow: $ 101,676

Business Description

Mulberry Street Pizzeria $930,000 Sales $101,000+ Profit Lots Of Upside

RRC#: 2929
Asking Price: $275,000
Location: 101 S Smith Ranch Road, San Rafael, California
Yearly Revenue: $930,000
Yearly Cash Flow: $101,676
Monthly Rent: 8,314 all inclusive

LISTING DESCRIPTION:
Mulberry Street Pizzeria has been around for 31 years and is one of the best and most popular pizzeria''s in Marin County. The sellers discretionary cash flow for the 2014-1015 period was $202,855 and for 2015-2016 was $141,386. There is lots of upside by adding an additional day of business and delivery service since a third of the business is take out. There is the potential to add an outdoor seating area to accommodate approximately 20+ customers. There is a large frontage wrapping around the perimeter of the business, a display kitchen and the dining room has a combination of tables and chairs and booth seating and has an open airy feeling. Some of the equipment includes as follows: long type 2 hood and a 4'' type 1 hood with fire suppression system, walk-in refrigerator, dough divider, full door freezer, ice machine, floor model mixer, dough press, hand sink, 2 compartment sink, dishwasher sink + rinse hose, 2- 1 door under counter refrigerators (1 with sandwich station), microwave, POS, coffee maker, utility sink, beer walk-in with 4 taps, rotary pizza oven, 3 deck pizza oven, 4 door under counter refrigerator + sandwich station, and 2 door under counter refrigerator + sandwich station, etc. There are also 2 ADA restrooms, office and storage areas. The Mulberry Pizzeria Story - Mulberry Street Pizzeria is a family owned business. In 1983 Ted Rowe, graduated from the California Culinary Academy. He worked as a Chef in the Napa Valley, Oakland and San Francisco before he purchased Mulberry Street in 1986. The original owner created the restaurant for his children. He was from New York and named Mulberry Street after the famous street in New York’s Little Italy.The original restaurant on Redwood Highway was too small and they moved to the current location in 1992. The menu expanded from a simple salad and several pizzas as their guests began requesting their favorites over and over. Ted’s dad made the Hal’s Pizza from his favorite meats. Ted created the Cajun Sausage and Andouille with Milan Salami (family owned in Oakland) and the Three Beer Pizza was born. The Greek Pizza was a collaboration with the Musco Olive Company (family owed in Tracy). They still don’t know the recipe for the secret Musco spices used to marinate the green olives on that pizza.Ted’s passion for creating new items for the menu expanded to lasagna and pasta. He couldn’t offer just one dressing for the salad so he created the Blue Cheese and Thousand Island with variations from his mother’s own recipes. His love for Caesar Salad produced another new dressing. As the Rowe children were growing up, their fondness for Ranch dressing led to a three year journey that produced our current recipe. It was the same with the addition of the soups. The Cream of Tomato with a Hint of Curry and the Cream of Mushroom have cult followings. After 30 years in Marin the Rowe family feel a strong connection to the community. They live here and support the lives of 20 some employees. They are a small local business. Someone is always around to listen to their guests. They feel at home in their community and hope their customers feel at home and welcome at Mulberry Street.

GENERAL INFORMATION:
Organization: Corporation | Seating: 88 | Square Footage: 2,185 approx | Parking: Parking Lot | Licenses Required: Business, ABC Type 41 (beer & wine) | Days Open/Hours: 6 / M-Th: 11:30a-8p F: 11:30a-9p SA: 12:30p-9p | Reason For Sale: Retirement |

FINANCIAL INFORMATION:
Yearly Revenues: $930,000 | Yearly Cash Flow: $101,676 |

LEASE INFORMATION:
Monthly Rent: 8,314 all inclusive | Lease Expiration: 11/30/2022 | Yearly Adjustment: Fixed increases | Lease Option: 5 years |

Property Details

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