Business for Sale Overview:
Established San Francisco Restaurant-Amazing Location-High Traffic-Huge Upside-San Francisco, California.
Offered At: $129,000 (PRICE REDUCTION);
Revenue: $20,000 per month;
Cash Flow: Contact For Info;
Lease Rent: $5,659 per month;
Square Feet: 2,292.
Listing Description:
Located on a corner at the intersection of two major streets, this well established restaurant presents an incredible opportunity to a new owner. The present concept, in place for over twenty years, can be continued or changed with no constraints. Beautiful interior decor and wall finishing, unique lighting and natural light through windows on both sides of this corner location create a great dining environment. The restaurant has an 18' bar with seating for 8 and cafe' style table seating for 40 plus. The behind bar has a 2-group espresso machine, two bottle chillers, 3-compartment bar sink, hand sink and cash register. The formal dining area, which seats 50, presents more of a restaurant ambience with high ceilings and beautifully decorated. There is a separate office area as well as a linen/storage room with a 2-door reach- in, 1-door freezer, two 1-door beverage fridges, and an adjacent server station. The kitchen has a 6' type 1 hood, 8 burner griddle style electric range with oven, two burner electric hot plate, pastry oven, convection oven, 1-door under counter freezer and fridge, a 2-door under counter and two 3-door under counter fridges, 5 microwave ovens, slicer, mixer, 3-compartment sink, hand sink, shelving and pastry racks. The restaurant currently has access to ADA restrooms in an adjacent hotel lobby for a nominal monthly charge. During the resent seismic retrofit construction, a temporary ADA restroom was built within the restaurant interior to accommodate the clientele. The restroom was removed following construction. Given the very aggressive listing price and spacious interior, this would be a simple and inexpensive tenant improvement for a new operator to reinstall and offer an ADA restroom inside the restaurant. The current operation is currently open five days a week allowing a new owner to increase sales revenues by opening seven days a week and include weekend lunch and brunch. There is also great potential to increase visibility, seating capacity and ambiance by adding outdoor sidewalk seating. With a long lease in place, this is a must see location for any buyer looking to take this operation to the next level.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
General Information:
Organization: Sole Proprietorship;
Year Established: 1987;
Current Owner: 1987;
# of Employees: Contact For Info;
Seating: 100 inside, 15 outside;
Square Foot/Size: 2,292;
Parking: Street;
License(s) Required: Business, Type 41;
Days Open/Hours: Tues-Fri. 11:30am-2:30pm, 5pm-10pm, Sat. 5pm-10pm;
Reason For Sale: Other Interests.
Financial Information:
Revenue: $20,000 per month;
Cash Flow: Contact For Info;
Current Inventory: Contact For Info;
Payroll: Contact For Info.
Lease Information:
Lease Rent: $5,659 per month;
Lease Expiration: July 2010;
Yearly Adjustment: CPI;
Lease Option: 7 years plus 7 years;
Security Deposit: $5,600.
Financing Information:
Down Payment: Contact For Info;
All Cash: Contact For Info;
Note Balance: Contact For Info;
Rate/Term of Note: Contact For Info.
Reason for Selling:
other interests
Additional Details:
- The property is leased.
- The owner may be willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.