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Business For Sale
PACIFIC HEIGHTS CORNER BREAKFAST LUNCH RESTAURANT
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Asking Price: |
$445,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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other interests |
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Yearly Cash Flow:
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$156,000 |
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Yearly Gross Income:
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$1,426,800 |
Business for Sale Overview:
PRICE REDUCTION - Pacific Heights Corner Breakfast Lunch Restaurant With $156,000 Profit, RRC#: 1127 Location: Pacific Heights, San Francisco, California Offered at: $445,000 Listing Description -- San Francisco’s premier brunch restaurant, this popular and busy breakfast and lunch restaurant is in Pacific Heights (one of the most desirable neighborhoods in the city) and is in a prominent corner location with high visibility and easy access. This restaurant is consistently rated one of the top breakfast/lunch restaurants in the city. This well respected restaurant has a large glass frontage and open airy feeling. There is upside for dinner business. Some of the equipment includes as follows: espresso machine, coffee maker, wine storage unit, satellite radio receiver/stereo, 2 x 8 burners over oven, double door oven, char broiler, 2 under counter refrigerators, Hobart mixer, 2 walk-in refrigerators, slicer, top loading freezer, citrus juicer, 2 type 1 hoods with fire suppression systems, salamander, flat griddle over ovens and POS system with 2 monitors and 2 printers, etc. There is also a basement which is used as an office area and storage area. There is also a ABC Type 47 (hard liquor) license which can be purchased for an additional $100,000 if desired. Otherwise an ABC Type 41 (beer and wine) license can be obtained for approximately $1,000 which is very adequate for this location as alcohol sales are very small.
Property Features and Assets:
General Information -- Organization: LLC Year Established: Contact For Info Current Owner: Contact For Info # of Employees: Contact For Info Seating: 78 Square Foot/Size: 1,800 + full basement Parking: Street Lic. Required: Business Days Open/Hours: M-F 7am-3pm; Sat/Sun 8:30am-2pm Reason For Sale: Other interests Financial Information -- Revenue: $118,900 / month Cash Flow: $13,000 / month Current Inventory: Contact For Info Payroll: Contact For Info Lease Information -- Lease Rent: $7,000 / month Lease Expiration: 11/2015 Yearly Adjustment: CPI 4% min, 8% max Lease Option: Not Available Security Deposit: $35,000.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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