Upscale Entertainment Venue - Nightclub / Bar / Restaurant

San Francisco, CA (San Francisco County)

Upscale Entertainment Venue - Nightclub / Bar / Restaurant
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Asking Price: Get Financing: $695,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: N/A /SF

Established: 2013

Upscale Entertainment Venue - Nightclub / Bar / Restaurant

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Business Description

Currently operating. This entertainment venue/nightclub has been established for over four years by the current owner and since 2000 by the previous owner under a differ name. This is a very hard to find, unique, and impressive venue for San Francisco, 47 liquor license, entertainment license, public assembly, restaurant license, sidewalk tables and chairs permit, double white zone for valet parking, etc. The venue offers approximately 7,500 sq.ft. on two floors under large skylights, plus additional 2000 sq. ft. basement with lots of storage, walk-in refrigerator, freezer, draft beer glycol system, etc. Building is fully heated and air conditioned, sprinkler system throughout, and updated UL Ansel system. Ground floor has 25' updated granite bar, separate dining area with large sliding glass sidewalk windows, quality sound system (set up for live bands and DJ's), large dance floor, elevated stage with 24 channel snake used for live bands, fully functional kitchen with 16' hood, and ADA compliant restrooms. The upstairs level features a VIP lounge with a second 25' granite bar and large dance floor, restrooms, and a two-room office. The current owners are retiring and moving out of the area. The current lease expires in 2018 and has two additional five-year renewal options to take the owners through 2028 if desired. With a lease that offers renewal options over the next 12 years, entertainment license, separate dining areas open to sidewalk seating, entertainment areas with dance floors, including a 20 ft wide raised performance stage, a new owner can take this business to a whole new level. A MUST SEE!!

Detailed Information

Real Estate:
Leased
Building SF:
7,500
Lease Expiration:
N/A
Facilities:
Unique venue with two bars, two dance floors, VIP lounge, separate dining area, fully functional kitchen, etc. Building is in good condition and all building systems inspected and serviced regularly. Located two blocks from BART station, nearby public parking and all night bus line on the block.
Competition:
This is a prime nightclub, bar, and restaurant location in an established business and entertainment district. The is a 398 person capacity venue. Permits can be requested to expand capacity upwards to 600 with building updates. GREAT UPSIDE POTENTIAL
Growth & Expansion:
Currently, the venue operates as a small restaurant during the evenings and an entertainment venue two to three nights a week. Business could expand to more nights a week plus daytime business, parties, private events, etc. Perfect venue for nightclub events and artist performance.
Support & Training:
Will assist buyer with training/transition if desired
Reason for Selling:
Moving out of the area, retirement, and other interests
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Business Listed By:
Richard Einselen

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