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Asking Price$325,000
Revenue$1,445,964 EstablishedUndisclosed
Cash Flow$154,404 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Quality Seafood Restaurant With Open Kitchen, Abc Type 41 License In Highly Visible Location

RRC#: 2958
Asking Price: $325,000
Location: San Francisco, San Francisco County, California
Yearly Revenue: $1,445,964
Yearly Cash Flow: $154,404
Monthly Rent: $3,827

LISTING DESCRIPTION:
Low Low Rent at only 3% of sales for this cute, quality Seafood restaurant situated in an up and coming area of the City. 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 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 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.

GENERAL INFORMATION:
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 |

FINANCIAL INFORMATION:
Yearly Revenues: $1,445,964 | Yearly Cash Flow: $154,404 | Payroll: $47626 |

LEASE INFORMATION:
Monthly Rent: $3,827 | Lease Expiration: 12/31/2020 | Yearly Adjustment: 4% | Lease Option: Negotiable | Security Deposit: 1700 |
Ad #101180
Seller Reference #2958
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Contact This Seller
Steven D. Zimmerman, CBI, M&AMI, CBB, FIBBA
Restaurant Realty Company
415-945-9701
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