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Remodeled Marina District Restaurant / Bar
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1700040
Net Profit / Cash Flow $191580
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2009
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Description Remodeled Marina District Restaurant/bar, 120+ Seats, $191,000+ Profit
RRC#: 1813
Asking Price: $695,000
Location: Marina District, San Francisco, California
Yearly Revenue: $1,700,040
Yearly Cash Flow: $191,580
Monthly Rent: $15,264 all inclusive
This newly remodeled restaurant and bar is in a prime Marina district location on a major thoroughfare. There are a couple of dining areas, a separate bar area display kitchen and prep kitchen. This restaurant has an open airy feeling with lots of windows throughout, Some of the equipment includes as follows: 11' and 3' type 1 hoods with fire suppression systems, 3 ice bins, 3 hand sinks, 3 - 2 door under counter refrigerators (2 with 6 taps and 1 with sandwich station), POS system, 3 door under counter refrigerator, 3 - 3 compartment sinks (1 with rinse hose), ice machine, 2 double basket fryers, 4' chargrill. 2'6'' x 3' flat grill with 4 under counter refrigerator drawers, 4 - 6 burner ranges with ovens underneath, salamander, 4 under counter refrigerators drawers with sandwich station above, 2 -1 door under counter refrigerators, special water system, 2 group espresso machine, 3 coffee grinders, 2 - 2 tap units, walk-in refrigerator, walk-in freezer, soft serve machine, small pizza oven, 2 under counter refrigerator drawers + 1 under counter door refrigerator, utility sink, keg walk-in refrigerator (for 12-15 kegs), employee lockers and mop sink, etc. There are also several storage areas, an office and 3 ADA restrooms. There is upside for another day of business plus additional hours of operation daily. The base rent is fixed at $14,000 per month through 1/31/14 and from 1/1/15-1/31/2020 the base rent is fixed at $15,740 per month. There is percentage rent as follows: between 1/1/11-12/31/14 there is 6% rent on sales over $2.8 million yearly and from 1/1/15- 1/31/20 there is 6% rent on sales over $3,150,000 yearly and there is 3% rent on sales over $5 million yearly.
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