* Included in Asking Price
Sf Financial District Cafe Location- Fully Equipped With 2 Hoods- Utilities Included
Asking Price: $99,000
Location: San Francisco, San Francisco County, California
Yearly Revenue: $360,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $8,392
Buyers with menu concept targeting a Monday thru Friday clientele in a downtown SF location should consider this opportunity, for a recent and tastefully executed cafe build out. The premises is centrally located, with very easy access to and from the street within in the core financial district and the Embarcadero. This is an excellent, well lighted corner location with high visibility, frontage with lots of glass, indoor table and counter seating, plus an outdoor patio seating area. The space lends itself to take out and a quick, on site dining format, and to facilitate deliveries for catering. A front service counter for ordering and pickup, and the open, exhibition style food prep area is equipped with two 4'x4' type 2 hoods, stacked convection ovens, 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 rooms 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. The total $8,392 in monthly occupancy costs for the 1,640 sq. ft. breaks down to $4,326 in base rent, $2,829 CAM charges which includes all electrical, water, trash, $677 property tax, and a $560 collective marketing and promotion expense for the center. Annual rent increases are 3%, and percentage rent of 5% is applied for annual gross sales exceeding $840,000. Approximately $175K was spent building this a very nicely done operation, and the equipment is in great shape. There are many alternate menu concepts well suited for this location, and those that include catering and delivery 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 | Lease Expiration: May 2020 | Yearly Adjustment: 3% | Lease Option: Negotiable | Security Deposit: 12,600 |
Seller Reference #2570
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