Popular, Well-established Bar In Sf Mission District With Type 48 Liquor License

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Popular, Well-established Bar In Sf Mission District With Type 48 Liquor License

Price Reduced: Offered At $450,000

RRC#: 3673
Location: San Francisco County
Annual Revenue: $500,000
Annual Cash Flow: Contact For Info
Monthly Rent: $8,815

Listing Description:
Well-established, popular bar on a busy corridor in San Francisco’s Mission District. The bar has been in operation since 2006. It has an old-school, throwback theme, and is a go-to spot for live dj music and dancing.
The bar is being sold as an asset sale. It has been absentee run for a few years, and has maintained its success. A new owner could continue the current style/concept of the bar, or introduce their own concept. Although this bar enjoys long-term popularity and goodwill, the bar’s excellent location could provide a great foundation for launching a new concept in the space.
The bar holds an ABC Type 48 full liquor license, AND it also holds a Type 21 license, which means alcohol can be sold to be consumed off-premises. This presents a tremendous opportunity to build on to-go sales and third-party delivery sales. The current owners are not making use of these opportunities, and doing so could substantially increase sales and profit.
The bar sales 2016 and prior were $900,000+ and the current sales that can be confirmed are $500,000+.
The current lease is through July of 2021 and has a five year option. The landlord has expressed an interest of adding an additional option for the right buyer.
General Information:
Organization: LLC
Established: 2006
Current Owner: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $41,700
Monthly Cash Flow: Contact For Info
Annual Revenue: $500,000
Annual Cash Flow: Contact For Info
Payroll: Contact For Info

Facilities:

Parking: street Hours: 7pm - 2am Tuesday - Sunday Seating: 30 Square Feet: 1800

Sale Reason:

Other Interests