Est 1998 - Corner Location-Bar & Restaurant

Not Disclosed, CA
San Francisco County

Asking Price: Annual Revenue:
$585,000 $916,767

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Est 1998 - Corner Location-Bar & Restaurant Broker: Steve Zimmerman

Quick Facts

Asking Price: $585,000
Annual Revenue: $916,767
Net Profit: Not Disclosed
Cash Flow: $157,406
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 275311533
Broker Reference #: 3382

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Business Overview:

Est 1998 - Corner Location-Bar & Restaurant with ABC Type 47 Hard Liquor License & with Front Patio

Asking Price: Offered At $585,000
Location: San Francisco County
Annual Revenue: $916,767
Annual Cash Flow: $157,406
Monthly Rent: $9,855 including NNN

Listing Description:
Business is pre-approved for a 10-year SBA loan. Buyer's need only $140,000 down to acquire this highly successful bar and restaurant established in 1998. There's a heated wrap around outdoor front patio, on this corner located prime upscale San Francisco neighborhood. The lease term runs to 2034 with monthly rent at $9,855 including NNN. Monthly sales of $76,000 with a healthy 17%, $13,000 monthly owners’ profit. Good books & records with verifiable financials and provable cash-flow. The owner is 99% absentee visiting just once per week. The 17 long-term employees take care of the day-to-day business operation, which is only open from 4pm to close daily plus weekend brunch from 11am. Substantial upgrades have taken place over the past few years including a new kitchen floor, dining room seating and improving the basement storage. There is an efficient kitchen with a 12 ft type 1 hood and fire suppression system, 6 burner stove with flattop and double ovens plus two deep fryers, small double ‘Bakers Pride’ Pizza ovens, upright fridge and two refrigerated worktops. Basement storage includes a walk-in cold room and dry goods area. A Beautiful Carved Wood Bar with an equally nicely appointed dining room seating 72 with a combination of booths, regular tables and high community tables including 10 barstools. Outdoor wrap around patio seats a further 24 which includes overhead heaters. The bar with its mirrored back is incased in Antique wood and is the central focal point with an array of whiskies and spirits and 15 beers on tap. A Micros POS system ensures full accountability and control together with 8 security cameras. $585,000 is the asking price that includes the valuable city ABC Type 47 hard liquor license which has an independent value in excess of $250,000. This is a highly confidential listing so please complete the ‘Non-Disclosure Agreement’ on our site and we’ll send you the name and address. We’ll also send you the Broker's contact information so you can discuss the full financial information, lease & the list of equipment included with the purchase in more detail.

General Information:
Organization: Contact For Info
Established: 1950
Current Owner: 1998
Employees: 17
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $76,397
Monthly Cash Flow: $13,227
Annual Revenue: $916,767
Annual Cash Flow: $157,406
Payroll: $24,328
Monthly Revenue: $76,397
Monthly Cash Flow: $13,227

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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.

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