SF Bar with valuable Type 48 License FOR SALE

San Francisco, CA
San Francisco County


Asking Price: Annual Revenue:
$315,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: SF Bar with valuable Type 48 License FOR SALE Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $315,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2020
Employees: 1
BBN Listing #: 692511533
Broker Reference #: 4330

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Business Overview:

SF Bar with valuable Type 48 License FOR SALE, in a great location!

RRC#: 4330
Asking Price: $315,000
Location: 510 Brannan Street, San Francisco
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Monthly Rent: Landlord flexible for Strong Tenant
Expiration: New Lease Available

Listing Description:
Located near the intersection of 4th & Brannan, Reeves Bar is now for sale. Sale includes a rare and valuable full liquor license (Type 48) which also allows for DJ and Live Entertainment. Uniquely situated in the SOMA district of San Francisco, the location has access to a dense residential population, corporate clientele, and fans attending sporting or concert events at Oracle Park. The location has served as the go to Happy Hour spot for many tech companies such as Lyft, Splunk, and now Pinterest located just across the street. As for nightlife,Reeves is part of the block that includes the Historic Utah Saloon, Thriller SF, Grand NightClub, and right next door to popular SF eatery Marlowe. Projected commercial and residential development withins blocks of Reeves is estimated around $6 Billion over the next 10 years. Ground has already been broken on new mixed use properties on Brannan and 4th Streets.

The long industrial bar that spans the length of Reeves paired with an open floor plan is ideal to host corporate happy hours, thirsty Giants fans, or private events. Bar supports up to 3 Speed Wells allowing for faster service if needed. Lounge, bar and table seating is versatile for local regulars, after dinner drinkers, or Trivia night enthusiasts. In addition, there is a rare covered small back area patio spot for patrons to relax and enjoy a breather. A true bar/event space, Reeves currently has weekly Trivia Nights, Bartending Classes, and monthly Corporate events along with its normal bar clientele.

As a former service industry operator, the Landlord has been extremely understanding during Covid. He wants to work with an experienced bar operator to create the next must-go destination spot in SF. He’s willing to work on flexible lease terms along with possible tenant improvements.

This is a very rare opportunity to purchase a bar in SF with a coveted Type 48 license in a location poised to take off during the Recovery. Don’t miss your chance!

General Information:
Organization: LLC
Year Established: 2020
Employees: 1
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: Contact for Info
Monthly Cash Flow: Contact for Info
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Annual Payroll: Contact for Info

Facilities:
Square Feet: 1,500
Seating: 75-100 for events / 12-15 bar seats
Parking: Easy Street Parking
Days/Hours of Operation: 5-11pm Wednesday, Thursday & Friday

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.

Property Features and Assets:

Square Feet: 1,500 Seating: 75-100 for events / 12-15 bar seats Parking: Easy Street Parking

Reason for Selling:

Other Interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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