Business Overview:
Remodeled Night Club In The Heart Of Soma With $155,000 Profit
RRC#: 1581
Asking Price: $295,000
Location: South of Market, San Francisco, California
Yearly Revenue: $859,200
Yearly Cash Flow: $154,800
Monthly Rent: $7,735 all inclusive
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
LISTING DESCRIPTION:
A well located night club in the hear of SOMA with a history of strong sales and profits with a Place of Entertainment and Extended Hours Premises Permit (can stay open to 4a). The club has several sections - 1) the primary bar area which contains a long bar and unique lighting system, 2) the dance area which has a DJ booth and large dance floor with distinctive light fixtures, 3) a separate room with another DJ booth and dance floor and its own private entrance and 4) a uniquely designed self contained VIP room. There is also an adjoining cafe with full kitchen. Some of the equipment in the night club includes as follows: hand sink, 3 ice bins, 2 -3 3 door undercounter refrigerators, 3 compartment sink, ice machine, 2 - 42" flat screen TV's, 3 cash registers, 2 compartment sink and 2 door undercounter glass refrigerator, etc. The club has security cameras throughout, 3 ADA bathrooms, 1 bathroom, storage rooms and a large office area.
Market Competition and Expansion:
GENERAL INFORMATION:
Organization: LLC | Seating: 209+ | Square Footage: 3,000 | Parking: Street | Licenses Required: ABC Type 47 (hard liquor) place of entertainment extended hours | Days Open/Hours: 5 / T-SA 10p-2a | Reason For Sale: Other interests |
FINANCIAL INFORMATION:
Yearly Revenues: $859,200 | Yearly Cash Flow: $154,800 |
LEASE INFORMATION:
Monthly Rent: $7,735 all inclusive | Lease Expiration: 9/2016 | Yearly Adjustment: Fixed increases | Lease Option: 5 years |
Reason for Selling:
Other Interests
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.