* Included in Asking Price
Restaurant & Bar- 47 License- $175k Cash Flow- Prime Location In Unique Setting
Asking Price: $595,000
Location: In Prime San Francisco, San Francisco County, California
Yearly Revenue: $780,000
Yearly Cash Flow: $174,000
Monthly Rent: $4,250
This unique business has a firmly established clientele, and is located in a very desirable San Francisco neighborhood. The relaxed and inviting tile floored interior offers great ambiance, with pendant lighting, wooden accents, table and chair seating for diners. In addition there's seating at a long, wooden bar, which has a rustic, comfy vibe. Behind bar is equipped with 3-POS terminals, 4-door bar bottle fridge, 3-compartment sink, ice well chiller, espresso machine with 2-doser grinders, drip machine and grinder, and there is a rear case storage room. The main kitchen has an 11' type one hood, gas salamander, a char grill, 12 burner range with two ovens, and double fryer. Refrigeration is covered by a 2-door reach-in, 4-drawer under counter, large 12'W x 6'Dx 8'H walk-in cool, 1-door freezer, 1-door under counter fridge and ice machine. There are ample shelving units and work tables, plus two 2- compartment sinks, hand sink and mop sink. There's an adequate office area, locking liquor room, a rear storage and supplies room, and a locker linen area. Rent for the premises is fixed at $4,250 during the current lease term, and remains fixed at the greater of 4% of net sales or $4,500/month for the five year option period. What should stand out for buyers is the ability to easily reconfigure the premises towards a concept that would enhance cash flow by flip flopping the existing sales ratio of 70% food and 30% beverage sales, with a more bar-centric business model. That, and value in the favorable rent and lease terms, the existing clientele and assets in place, plus the 47 ABC license. In combination with a revamped operation, a 7 day/week concept with expanded evening hours for dining, and in particular, would make full use of the bar and liquor license, significantly boosting sales and profit.
Organization: Corporation | Year Established: 1985 | Current Owner: 1993 | Seating: 45 table + bar seating | Square Footage: 2,000 | Parking: Street | Licenses Required: Business, Health, ABC | Days Open/Hours: 5 Days Lunch & Dinner | Reason For Sale: Other Interests |
Yearly Revenues: $780,000 | Yearly Cash Flow: $174,000 |
Monthly Rent: $4,250 | Lease Expiration: April 2020 | Yearly Adjustment: Fixed Rent | Lease Option: 5 years | Security Deposit: 1,200 |
Seller Reference #2498
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