Restaurant & Bar Location - Valuable Type 47
Location California,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2008
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Description Restaurant & Bar- Negotiable Seller & Landlord- Valuable 47 License- Long Lease & Under Market Rent-
RRC#: 1758
Asking Price: $199,000
Location: SF South of Market Area, San Fransisco, California
Yearly Revenue: Contact For Info
Yearly Cash Flow: Contact For Info
Monthly Rent: $11,000 all inclusive
LISTING DESCRIPTION:
With a reasonable seller and landlord, a buyer would be hard pressed to find a better location, for either a start up concept or expansion of an existing business. Offered is the premises with an assignable under market lease, a valuable and scarce type 47 liquor license, an existing on-premise kitchen, in a highly sought after neighborhood. The premises is located on the Embarcadero side of SOMA, near China Basin and Giants ball park. At the current time, no type 47 liquor licenses are available for this area, and if there were, would be valued at approximately $125,000. At roughly $2.00 per square foot all inclusive, the current market rent is a very conservative $3.00 per foot, which would most likely not have an existing restaurant use and necessary permitting in place. The premises kitchen is fully equipped, including a 122 type 1 hood, 6-burner range with oven, 2-double fryers, reach-in and sandwich prep fridges, and prep sink and prep tables. There are two opposing bars equipped with ice machine, a walk-in cooler, beer taps, beverage dispensing guns, ice chillers, hand and floor sinks. Some refrigeration equipment is leased, and a complete equipment list is available to buyers submitting a signed confidentiality agreement to Restaurant Realty. The premises is at street level, is wheelchair accessible, and has two ADA restrooms, an employee restroom, and a large storage area. The current business name and concept are not for sale, and the landlord is motivated to assign the exiting lease to a qualified buyer with a strong operator background and business concept. Given the premises can be converted to almost any concept.
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