* Included in Asking Price
Downtown Sf Breakfast, Lunch & Catering Operation- $1.25m Gross, $173k Net- Strong Location Reduced!
Asking Price: $349,000
Location: San Francisco, San Francisco, California
Yearly Revenue: $1,228,956
Yearly Cash Flow: $173,064
Monthly Rent: $11,377
This is a well established restaurant and catering operation is in one of downtown San Francisco’s most desirable, high traffic locations, with a varied clientele including tourists, financial district professionals and local retail work force. Open for breakfast and lunch Monday thru Friday, and a half day on Saturday for downtown visitors and shoppers. The owner is hands on, working approximately 20 hours per week, with a core staff, including a full time manager and reliable longstanding employees. Annual 2015 gross sales were $1,228,960 which includes $180,000 in catering sales. Interior seating area accommodates about 50 customers, plus an additional 12-15 at outdoor tables. There are POS terminals behind a long service counter for customers placing on site orders and picking up for take-out, another customer accessible counter area for self serve coffee, sodas and bottled beverage, and a separate area with buffet style cold top stations with s for customer self serve salads, toppings, etc. A fully equipped exhibition line kitchen includes a 12’ type one hood, 4-burner sauté station, double fryer, griddle, char broiler, 2- convections ovens, panini grills, 2-conveyor toaster units, waffle baker and 2- microwaves. There are also 3- steam table and 5- cold top units for staff served menu items. Refrigeration is extensive, with a 2-door and 3-door sandwich prep fridges, 2-door under counter, and 3-door keg fridge with 4- taps. Back of house equipment includes a walk-in cooler and freezer unit, glass door fridge, ice machine, stainless prep tables, 3-compartment sink, prep sink, and hand sink, separate store room and employee locker area. Monthly occupancy statements are issued for the base rent with CAM totaling $11,377, which includes water usage, plus all gas, electric and garbage expenses for the business averaging $3,000 per month.The business is being sold as a profitable going concern which includes the name, menu, recipes, transfer of the lease and ABC beer & wine license. Catering sales represents a consistent and profitable part of the business. This is an ideal opportunity for a qualified operator or partnership to take over as fully or semi hands on owners.
Organization: Corporation | Year Established: 2012 | Current Owner: 2012 | Seating: 50 inside, 12 outside | Square Footage: 2,507 | Parking: Street, parking lot | Licenses Required: Business, Health, ABC Beer & Wine | Days Open/Hours: Mon-Fri 6a-3:30p, Sat 8a-2p | Reason For Sale: Other Interests |
Yearly Revenues: $1,228,956 | Yearly Cash Flow: $173,064 |
Monthly Rent: $11,377 | Lease Expiration: April 2022 | Yearly Adjustment: 3% | Lease Option: Negotiable | Security Deposit: 22,897 |
Seller Reference #2572
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