* Included in Asking Price
$295,000 For Quality City Restaurant With $154,000 Of Annual Profit In Highly Visible Location
Asking Price: $295,000
Location: San Francisco, San Francisco County, California
Yearly Revenue: $1,445,964
Yearly Cash Flow: $154,404
Monthly Rent: $3,827
Reduced to $295,000 for this quality Seafood restaurant situated in an up and coming area of the City with $154,000 in annual profits and Low Low Rent at only 3% of sales. Completely remodeled in 2014 to include a private dining room, open full kitchen and modern industrial decor. The kitchen has a 10ft Type 1 hood with fire suppression system, burners, ovens, fryer, grill, refrigerated work tops and seafood ice display all make for a cozy but fully functional cooking space. The 1,000 sq ft plus outdoor seating dining room and kitchen is easy to maintain and has a modern ambiance with seating for 45. The beer and wine license is ample for their needs and style. A comprehensive menu with an excellent local reputation for using the freshest of ingredients, this restaurant Is making a comfortable 10% annual return on sales of almost $1.5 million and with the owners being quasi-absentee. The lease expires in 2020 but after successful negotiations with the landlord an extension beyond this time will ensure a positive future growth. Please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We’ll also send you the Broker''s contact information so you can discuss this opportunity in more detail.
Organization: LLC | Year Established: 1990 | Current Owner: 2014 | Employees: 19 | Seating: 45 | Square Footage: 1000 + Outdoor Dining | Parking: Street | Licenses Required: Health, Business & ABC Type 41 License | Days Open/Hours: 11.00am - 10.00pm Daily |
Yearly Revenues: $1,445,964 | Yearly Cash Flow: $154,404 | Payroll: $47626 |
Monthly Rent: $3,827 | Lease Expiration: 12/31/2020 | Yearly Adjustment: 4% | Lease Option: Negotiable | Security Deposit: 1700
Seller Reference #2958
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