* Included in Asking Price
Newly Remodeled Restaurant In Hip San Francisco Location Low Rent
Asking Price: $229,900
Location: San Francisco County, San Francisco County, California
Yearly Revenue: $456,000
Yearly Cash Flow: $104,400
Monthly Rent: $3,895
This restaurant is situated on a busy block in one of San Francisco's hottest neighborhoods. The location is a lively retail area with heavy foot traffic 7 days a week in both daytime and evenings. The restaurant has been open for less than one year in its current form, and the owner spent $300K on the recent build out. All of the equipment, furnishings, and decor are less than one year old. The lease is very favorable it features low rent and two five- year options at the end of the current terms. The current owner has very little restaurant experience, and although the business is currently profitable, there is the potential for significant growth for an operator who has restaurant experience and enthusiasm for building a business. The current concept is fast-casual Middle Eastern food - this could be left the same or modified easily based on the preferences of a new owner. The equipment includes an Alto-Sham combi oven with three separate compartments, which allows for cooking at three different temperatures in each compartment simultaneously. There are also two fryers a 10' type 1 hood a grill, a one-door refrigerator a two-door refrigerator a one-door freezer a one-door under-counter refrigerator two counter-top stoves a prep station with a three-door under-counter refrigerator another three-door under- counter refrigerator a three-comp sink.
Organization: Sole Proprietorship | Year Established: 2017 | Current Owner: 2017 | Employees: 3 Fulltime 2 Partime | Seating: 20 | Square Footage: 1100 | Parking: Street | Licenses Required: Beer and Wine, Health and Business | Days Open/Hours: 11am - 9pm Monday - Friday 12pm-9pm Sat 12pm-7pm Sun | Reason For Sale: Other Interests |
Yearly Revenues: $456,000 | Yearly Cash Flow: $104,400 |
Monthly Rent: $3,895 | Lease Expiration: 2022 | Yearly Adjustment: 2.5% | Lease Option: 2 five year options | Security Deposit: 8000 |
Seller Reference #3001
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