Business for Sale Overview:
Established Restaurant, 2 Bars and Cocktail Lounge with $157,000 Profit. Location: San Francisco, California.
Offered At: $319,000 (NEW PRICE REDUCTION)
Revenue: $1,080,000.
Cash Flow: $157,000.
Listing Description: This Well Established Business Is Designed So You Can Operate The Restaurant Separately From The Bar/Cocktail Lounge As They Each Have Their Own Separate Entrance And Are Physically Designed So They Both Have Their Own Identity. Subsequently The Restaurant And Bar/Lounge Have Different Names. The Restaurant Has A Main Dining Room Which Seats 80, Private Dining Room Which Seats 16-20, A Full Bar With 12 Bar Seats And Has High Ceilings, Skylights, Wood Floors And A Display Kitchen. Some Of The Equipment Is Owned And Some Is Rented And The Equipment That Is Owned Is As Follows: 2 Group Espresso Machine, Hand Sink, Under-Counter Refrigerator, Point of sale System With 3 Monitors And 5 Printers, 2 -3 Compartment Sinks, 5' And 7' Type 1 Hoods With Fire Suppression Systems, 2 Compartment Soup Warmer, Ice Bin And Special Wine Storage System. The Following Equipment Is Rented: Counter Mixer, 2 Full Door Freezer, Large Walk-In Refrigerator, Ice Machine, 3 - 2 Door Under-Counter Refrigerators plus Sandwich Stations, 3 Door Under-Counter Refrigerator, 1 Door Under-Counter Refrigerator, 2' X 3' Char-Grill, 2 Burners, 1 Double Basket Fryer, Dishwasher And 2-6 Burner Units Over Ovens. The Bar And Lounge Area Is A Great Area For Private Parties As Well As For Ongoing Customer Activity. In This Area There Is A Private Wine Cellar Dining Room, Storage Areas, Employees Lockers, Offices And Prep Kitchen. There Is Upside For Additional Sales And Profits By Opening An Extra Day, And Opening For Lunch As The Restaurant Only Operates 6 Nights A Week For Dinner. Although The Current Lease Has 2 Years Left Plus A 5 Year Option The Landlord Is Willing To Negotiate An Extension Of The Premises Lease.
General Information:
Organization: LLC.
Seating: 100 Restaurant 50 plus In Bar.
Square Foot/Size: 5,800.
Parking: Street.
License(s) Required: Business, ABC Type 47 (Hard Liquor).
Days Open/Hours: 6 Days / T-Th, Sun 5pm - 9:30pm, Fri, Sat 5pm-11pm.
Lease Information:
Lease Rent: $9,600 All Inclusive.
Lease Expiration: 2010.
Yearly Adjustment: Fixed increase.
Lease Option: 5 Years.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become 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.