Est 1998 - Corner Location-Bar & Restaurant

San Francisco, CA (San Francisco County)

Est 1998 - Corner Location-Bar & Restaurant
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Asking Price: $585,000

Cash Flow: $157,406

Gross Revenue: $916,767

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Est 1998 - Corner Location-Bar & Restaurant

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Business Description

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

Detailed Information

Location:
San Francisco, CA
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Contact the Seller

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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