Prime Corner Neighborhood Restaurant / Bar
Location California,United States
Asking Price Range < $250K
Gross Revenues $960000
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
Reason for Sale Other interests
Description Prime Corner Neighborhood Restaurant/bar, $960,000 Sales, Huge Upside For Increased Alcohol Sales,
RRC#: 1780
Asking Price: $149,000
Location: Prime Neighborhood, San Francisco, California
Yearly Revenue: $960,000
Yearly Cash Flow: Contact For Info
Monthly Rent: To be determined
LISTING DESCRIPTION:
A key corner location in the city with a full service restaurant and separate bar area with a Type 47 license (full liquor) and Place of Entertainment License. Only 25% of the sales of this business comes from alcohol sales so there is tremendous upside for an increased alcohol sales as the former operation did close to $1 million in alcohol sales alone. The operation is one of the oldest continously operated bar restaurants in the city since since 1938. There are two dining rooms which have a combination of tables and chairs and booth seating and bar tables and one side has a long bar with 10 bar stools. There is a large glass frontage, high ceilings, skylights and hanging light fixtures. There is tremendous upside for increased sales and profits with a new menu and concept. Any concept can go into this space except Mexican, French and Turkish. Some of the equipment includes as follows: 10' and 6' type 1 hoods with fire suppression systems, 2 ice bins, hand sink, 2 -3 door undercounter refrigerators, 2 hand sinks, POS system, 1 door undercounter refrigerator, 2 compartment sink, sink + rinse hose, dishwasher, microwave, ice machine, 2- 2 compartment sinks, walkin refrigerator, flat screen TV, 2 -2 door undercounter refrigerators (1 with sandwich station), 2' x 3' char grill, 14 burners + 1' x 3' flat grill over oven, 2 double basket fryers, rice cooker, 1 station wok unit, 6 burners over oven and salamander, etc. There is also a prep kitchen, dishwashing area, office, storage areas and 2 ADA restrooms. FOR A STRONG BUYER THE LANDLORD WILL CONSIDER RENEGOTIATING THE LEASE. THE LANDLORD WOULD PREFER SOMEONE WITH A STRONG BAR BACKGROUND.
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