* Included in Asking Price
Sf Financial District Cafe- Fully Equipped With 2 Hoods- All Utilities Included- Price Reduced!
Asking Price: $75,000
Location: San Francisco, San Francisco County, California
Yearly Revenue: $360,000
Yearly Cash Flow: Contact For Info
Monthly Rent: 8,392 (Rent, CAM & Util.)
An absolutely ideal location for Buyers targeting a Monday thru Friday breakfast and lunch clientele in downtown San Francisco. The recently built out cafe was tastefully executed cafe, and a "must see" opportunity. The 1,640 sq. ft. premises is centrally located, with very easy access to and from the street within the financial district and from the Embarcadero. All utilities are included in the NNN rent which covers all PG&E, water, garbage and recycling. The monthly occupancy expense break down is $4,326 base rent plus $4,066 for CAM and NNN equals $8,392. This includes occupancy cost charges, maintenance, collective marketing and promotion for the center. Annual rent increases are 3%. If annual gross sales exceed $840,000, a 5% percentage rent is applied. Approximately $175K was spent building this very nicely done operation, and the equipment is all in excellent condition. The premises is very attractive, cheerful and well lighted, in a corner location with high visibility, large glass frontage, indoor table and counter seating, plus an outdoor patio seating area with landscaping. The space lends itself to a quick take out and on site dining format, with catering and deliveries easy to facilitate. There is a long front service counter for ordering and pickup, and the open, exhibition style food kitchen and prep area is equipped with two 4''x4'' type 2 hoods, double stacked convection ovens, an electric griddle, 2-panini grills, soup warmers, sheet pan roll racks, 2 group espresso machine with doser grinder, large airpot coffee brewers, beverage display unit and ice machine. There''s ample refrigeration with two 4-drawer pizza prep units, 2- door under counter fridge, 2-door sandwich prep fridge, stainless prep tables, a large commercial slicer and two hand sinks. The large rear prep and storage areas are equipped with 3-door and 2-door reach-in fridges, a 3- door under counter unit, plus a 3-compartment sink with 3''x3'' hood, grease trap, 2- compartment prep sink, hand sink, closet with mop sink, multiple wire rack shelving units, stainless prep tables, floor safe, employee lockers and change room plus additional storage. The existing business is absentee owned with managers in place, and has averaged about $30K in monthly sales. There are many alternate menu concepts well suited for this location, and Buyers with menus that include catering and deliveries should pay particular attention to this opportunity.
Organization: LLC | Year Established: 2015 | Current Owner: 2015 | Seating: 50 | Square Footage: 1,640 | Parking: Street, parking garage | Licenses Required: Business, Health, ABC Beer & Wine | Days Open/Hours: Mon-Fri 7a-6p | Reason For Sale: Other Interests |
Yearly Revenues: $360,000 |
Monthly Rent: 8,392 (Rent, CAM & Util.) | Lease Expiration: May 2020 | Yearly Adjustment: 3% | Lease Option: 5 years for qualified buy | Security Deposit: 12,600 |
Seller Reference #2570
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