Business For Sale

Quality Seafood Restaurant In The City

San Francisco, CA
San Francisco County


Asking Price: Annual Revenue:
$250,000 $1,445,964

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Quality Seafood Restaurant In The City Broker: Steve Zimmerman

Quick Facts

Asking Price: $250,000
Annual Revenue: $1,445,964
Net Profit: Not Disclosed
Cash Flow: $154,404
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 662411533
Broker Reference #: 3033

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Business Overview:

Excellent Location - Restaurant Business In The San Francisco With $154,000 In Annual Profits.

RRC#: 3033
Asking Price: $250,000
Location: San Francisco, San Francisco County, California
Yearly Revenue: $1,445,964
Yearly Cash Flow: $154,404
Monthly Rent: $3,827

LISTING DESCRIPTION:
Price Reduced - $250,000 for this quality restaurant business located in an up and coming area of San Francisco with $154,000 in annual profits and extremely low rent at only 3% of the $1.450 million annual sales. Completely remodeled in 2014 to include a cozy private dining room, open full kitchen and modern industrial decor, see the photo''s. The kitchen is open to the dining room with a 12ft Type 1 hood and fire suppression system, burners, ovens, fryer, grill, refrigerated work tops and seafood ice display all make for a small but fully functional and equipped space. The dining room and kitchen are easy to maintain which has a modern ambiance with seating for 45 plus an outdoor patio area. The comprehensive menu has an excellent reputation for using only the freshest ingredients which makes a comfortable 10% profit. The owners are quasi-absentee and have other interests so spend little time at the restaurant. A hands on owner (Chef and Manager team) could really increase business. The lease expires in 2020 but after successful negotiations with the landlord an extension beyond this time will ensure a positive future growth. Please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We’ll also send you the Broker''s contact information so you can discuss this opportunity in more detail.

GENERAL INFORMATION:
Organization: LLC | Year Established: 1990 | Current Owner: 2014 | Employees: 19 | Seating: 45 | Square Footage: 1000 + Outdoor Dining | Parking: Street | Licenses Required: Health, Business & ABC Type 41 License | Days Open/Hours: 11.00am - 10.00pm Daily |

FINANCIAL INFORMATION:
Yearly Revenues: $1,445,964 | Yearly Cash Flow: $154,404 | Payroll: $47626 |

LEASE INFORMATION:
Monthly Rent: $3,827 | Lease Expiration: 12/31/2020 | Yearly Adjustment: 4% | Lease Option: Negotiable | Security Deposit: 1700 |

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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