* Included in Asking Price
Modern Restaurant With Type 47 Hard Liquor License & Patio Nestled In Prime Soma Location.
Asking Price: $650,000
Location: Potrero / South of Market, San Francisco, California
Yearly Revenue: $2,400,000
Yearly Cash Flow: $276,000
Monthly Rent: 13000 Inclusive NNN
Only experienced restaurant operators with extensive managerial & kitchen experience will be considered. The landlord is very particular on the experience and creative style of the owners and the restaurant operation, but will willingly extend the lease terms to buyers who can prove their ability to continue and grow the excellent reputation this restaurant has already achieved these past 7 years A 10 year SBA loan has been pre-approved for this sale and well qualified buyers will only need $150k down. Nestled in the heart of the fashionable Potrero / SOMA area of San Francisco lies this modern, successful & well respected restaurant. Established in 2010, this restaurant is renowned for its innovative approach to Seafood with a Japanese influence which is highly popular within the immediate neighboring high tech businesses and influential residents. Current Gross Sales are $2.4 million producing a Sellers Discretionary Income of $277,000. 1000''s of new Executive Condo''s are currently being built just 1-3 blocks from the restaurant. 3,500 sq feet including a show kitchen with the dining room and bar seating 100 and an attractive patio with a further 40 seats. Bar seating for 12 with a valuable ABC type 47 hard liquor license which is INCLUDED with the sale. The landlord owns most of the fixed kitchen and bar installations but a new tenant would have full use for restaurant operations which includes numerous Seller''s FF&E. Seating is a combination of high bar tables with communal and regular chairs & tables. The polished wood table finish and discreet lighting give a modern ambience and appeal. The kitchen is fully loaded and would suit most styles of cuisine which includes a walk-in, stoves, ovens, refrigerated worktops and a Type 1 and Type 2 hoods with ample dry goods storage. The owners are willing to sell the name, goodwill and all furniture and fixtures. Full list of FF&E available on request. To receive full details of this opportunity please complete the ‘Confidential Agreement’ request at the top of this page and we’ll send you the current lease, photo’s, list of equipment & financial information. We will also send you the agent’s contact information so you can discuss in further detail.
Organization: LLC | Year Established: 2010 | Current Owner: 2010 | Employees: 30 | Seating: 100 + 40 Patio | Square Footage: 3485 | Parking: Street | Licenses Required: Health, Business & ABC Type 47 License | Days Open/Hours: Daily 11.30am - 2.30pm, 5pm - 10pm | Reason For Sale: Other Interests |
Yearly Revenues: $2,400,000 | Yearly Cash Flow: $276,000 | Inventory: $25000 |
Monthly Rent: 13000 Inclusive NNN | Lease Expiration: 2020 | Yearly Adjustment: 3% | Lease Option: Negotiable | Security Deposit: 30000 |
Seller Reference #2588
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