Business Overview:
Soma Restaurant & Bar With $106,000 Profit In Strong Corner Location Price Reduction
RRC#: 1563
Asking Price: $245,000
Location: Restaurant and Bar SOMA, San Francisco, California
Yearly Revenue: $601,440
Yearly Cash Flow: $105,996
Monthly Rent: $4,616
LISTING DESCRIPTION:
This popular neighborhood restaurant and bar is on a busy street and is in a prime corner location and has been an established restaurant and bar for decades. There is a long bar with 7 bar stools and a combination of bar height tables and chairs and dining room tables and chairs. Approximately 70% of the business sales is alcohol sales so there is lots of upside for food sales. There is a full kitchen and some of the equipment includes as follows: 8' type 1 hood with fire suppression system, 2 hand sinks, 12 beer taps, 2 ice bins, 6 - 1/2 door refrigerator, cash register, 3 compartment sink, DJ equipment, 2 compartment sink + rinse hose, dishwasher, salamander, 6 burners over oven, 2'6" x 3' flat grill, double basket fryer, single basket fryer, 2 door undercounter refrigerator + sandwich station, full door freezer, microwave, 12 employee lockers and projector TV, etc. The following items are rented for $500 month - walkin refrigerator, ice machine, bar guns and glycol system. There are also 2 restrooms, an employee restroom, an office and storage areas.
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:
GENERAL INFORMATION:
Organization: LLC | Year Established: 4 | Current Owner: 2007 | Seating: 40 + 8 outside | Square Footage: 2,000 approx. | Parking: Street | Licenses Required: Business, ABC Type 47 (hard liquor) | Days Open/Hours: 7 / M-F 11a-2a SA 4p-2a S 2p-2a | Reason For Sale: Other Interests |
Market Competition and Expansion:
FINANCIAL INFORMATION:
Yearly Revenues: $601,440 | Yearly Cash Flow: $105,996 |
LEASE INFORMATION:
Monthly Rent: $4,616 | Lease Expiration: 12/31/11 | Lease Option: 2 Five Year Options |
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.