* Included in Asking Price
Popular Wine Bar In Desirable Location, $600k Gross Sales, $62k Net, Established Clientele
Asking Price: $159,000
Location: San Francisco, San Francisco County, California
Yearly Revenue: $600,000
Yearly Cash Flow: $61,200
Monthly Rent: $5,500
This wine bar is located in one of the City's most sought after walking neighborhoods, with lots of pedestrian and motorist traffic. The compact, efficient operation features an attractive, hip interior that bustles with activity, and the business generates very brisk sales for its modest sq. ft. Bench and table seating allows customers to gaze to the outside street activity, and be entertained with the behind counter, small plate food prep. activity. Stylish lighting, hardwood floors, in a cozy, intimate space describe the ambience. There's an impressive amount of on-site wine storage in handsome display racks and temp controlled wine coolers visible to the customers. The rear prep and service counter area features a semi- exhibition food prep area, with induction burners, leased cooker / holding unit, slicer, open top prep table refrigeration, 3-compartment, prep and hands sinks, and storage. The cash flow reflects the owner working hands on about 50 hrs/ per week. Wait staff and a 50 hrs/wk sous chef are employed in the day to day operation. The most obvious attraction for potential buyers would be a front and back of house partnership team looking to take over this established, well oiled wine bar operation. Expanding to 7 days and include a lunch hour business will take the sales and profit upward as they will certainly increase accordingly. This is a fantastic business model looking for a new ownership taking it to the next level!
Organization: Sole Proprietorship | Year Established: 2013 | Current Owner: 2013 | Seating: 30 inside, 10 outside | Square Footage: 575 | Parking: Street | Licenses Required: Business, Health, ABC Type 41 License | Days Open/Hours: 6 Days 4p-11p | Reason For Sale: Other Interests |
Yearly Revenues: $600,000 | Yearly Cash Flow: $61,200 |
Monthly Rent: $5,500 | Lease Expiration: Nov. 2022 | Yearly Adjustment: Fixed yrs. 1 & 2, 5% yrs. | Lease Option: Negotiable | Security Deposit: 9,300 |
Seller Reference #2811
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