* Included in Asking Price
conic Sf Restaurant In Super, Corner Location- $1.2m Sales, $240k Cash Flow- Vast Clientele
Asking Price: $450,000
Location: San Francisco, San Francisco, California
Yearly Revenue: $1,212,000
Yearly Cash Flow: $132,000
Monthly Rent: $8,254
This business is a well established, cornerstone restaurant in a very desirable neighborhood setting, with an immense following and devoted clientele. The cozy, relaxed interior include high beam ceilings, tile floors and large pane windows. This charming restaurant is at street level, with a main dining room and a private, overflow room, both with table and chair and booth seating. The large all quarry tiled kitchen is equipped with a 10'' type one hood, 10-burner range with two ovens, double fryer, 3'' flat top griddle, mixer and slicer. Refrigeration is extensive, with a large 13'' x 7'' walk in cooler, an 8'' wide ceiling height 2-door reach-in fridge, 3-door and 2-door pizza prep tables, 4-drawer under counter fridge, 1-door reach-in freezer, chest freezer and ice machine. The kitchen is also equipped with multiple stainless shelf units for order plating and server expediting, stainless work tables and wall shelves, a 2- compartment sink, and a leased dishwasher with flanking clean and soiled rinse tables. There is a separate server room with 2-group espresso machine and doser grinder, a hand sink, stainless wall counters and shelving for wine and glassware storage. In addition, there''s a private office with safe, fax copier and file cabinets, a separate storeroom for dry goods, plus an easily accessible upstairs attic storage area of approximately 900 sq. ft. The business is operated by a hands on partnership, with two hands on owners working approximately 45 hrs/wk. The $240K annual cash flow includes $108K salary for each plus health care benefits. A new single owner could eliminate the role of one owner in exchange for an additional employee. A new partnership could restructure and increase their work load schedules by eliminating one staff member with $50K in annual payroll expense to increase annual cash flow. There is also a huge upside to increase sales and profit by expanding the operation to open 7 days per week. Business name, menu and recipes are included in the sale.
Organization: Sole Proprietorship | Year Established: 1994 | Current Owner: 1994 | Seating: 70 | Square Footage: est. 1,600 ground + attic | Parking: Street | Licenses Required: Business, Health, ABC Beer & Wine | Days Open/Hours: Tues-Sat 5p-10p | Reason For Sale: Retirement |
Yearly Revenues: $1,212,000 | Yearly Cash Flow: $132,000 |
Monthly Rent: $8,254 | Lease Expiration: Nov. 2019 | Yearly Adjustment: 2.5% | Lease Option: Negotiable | Security Deposit: 4,500 |
Seller Reference #2565
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