Around the Corner on Market St
Gross Revenue: $1,704,195
Rate/Sq. Ft.: $2.40
Prime Mid-Market Turnkey Restaurant for Sale
Charming Restaurant with Rooftop Dining and Long Lease
Full-Service Turnkey Restaurant with Long Lease!!!
In the Heart of San Francisco's Mid-Market Corridor, in One of the Most Dynamic Neighborhoods in the City. Major Shopping, Theater, Hotels & Convention Center Nearby. 6000+ New Housing Units in Planning and Under Construction within 3 to 4 Blocks from the Restaurant. Nearby BART Station, MUNI Bus Lines & Highways 280 & 80. Asset Sale Listing Price Includes: Long Lease 15 Years, Made up of 3 5-year Options), Beginning December 1, 2016; No Annual Lease Increases During Options 2 & 3; ABC License Type 41 (Beer & Wine); all FF&E and inventory. ******************************************************************** Dottie' s True Blue Cafe (current tenant), is also open to selling or licensing its business brand, goodwill, menu and recipes, and other proprietary assets. Dottie's True Blue Café 2016 Gross Revenue (est.) Jan - Aug (actual). . . . . . . . . . . .1,136,130 Sep - Dec. . . . . . . . . . . . . . . . . . .568,065 Total Gross Revenue. . . . . . . . . $1,704,195* . Cash Flow (est.) Jan - Aug (actual) . . . . . . . . . . . . .96,921 Sep - Dec. . . . . . . . . . . . . . . . . . . . 48,461 Total Cash Flow. . . . . . . . . . . . . .$145,382** * Gross revenue estimated based on Jan-Aug YTD actual numbers. **Cash flow estimated based on Jan-Aug YTD actual numbers. Total doesn't include owner's $60,000 salary paid as an expense.
Real Estate: Leased
Building Sq. Ft.: 5,450
Lease Expiration: 11/30/2031
Facilities: Charming historic building recently renovated in 2010, includes lots of natural light, high ceilings and sunny roof top dining (permitted). First floor includes seating for 50, an open kitchen, prep area, coffee station, wrap around bar seating and two ADA restrooms. Additional roof top dining with seating for 20, one unisex restroom and office. Lower level includes a full prep kitchen, walk-in refrigeration, storage, dish washing and office.
Competition: The restaurant is located in the heart of the Mid-Market Corridor, one of the most dynamic neighborhoods in San Francisco. There are 29 new residential development projects currently under construction, approved, or in planning within close walking distance to the restaurant.
Just around the corner on Market Street is “Market Street Place”, a new shopping mall currently under construction. Other nearby neighbors undergoing major renovations and new developments include the Warfield Theater, Golden Gate Theater, Strand Theater, Hibernia Bank, Center for New Music, Center for the Arts and Education, Renoir Hotel, Zetta Hotel, Hampton Inn, Grant Building and Fox Plaza.
Growth & Expansion: Huge potential for growth and expansion!
1) Open business 7 days a week versus 5 days a week.
2) Expand dining to roof top area, adding 20 additional seats.
3) Open for dinner and add a Type 47 liquor license.
4) Expand the open kitchen area to include an additional grill and oven.
5) Add catering to the business.
Support & Training: May be negotiated.
Reason for Selling: Need to take some time off and decide my next business adventure.
Report an issue with this listing
The information in this listing has been provided by the business seller or representative
stated above. BizBuySell has no stake in the sale of this business, has not independently
verified any of the information about the business, and assumes no responsibility
for its accuracy or completeness.
terms & conditions before responding to any ad.