Currently Not Available - Newly Remodeled Nigthclub With 300,000 Projected Profit With Long Term Below Market Lease, Rrc#: 1211
Location: South Of Market St (Soma)
San Francisco, California
Offered At: 595,000
Listing Description
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This Exciting Remodeled Nightclub Opportunity Opened Up Just A Few Months Ago And Is Located Where A Lot Of New Development And Redevelopment Is Underway. This New Development In The Area Will Potentially Increase The Potential For The Business For Future Growth. A Total Of 650,000 Was Recently Spent On This Business And All Of The Equipment Is New. There Are A Combination Of Banquette Seating, Tables And Chairs And Booth Seating, 2 Separate Bars With Concrete And Resin Bar Tops, A Stage, Designer Lighting Throughout, Concrete Floors, 2 Dj Booths, 4 Bathrooms (3 Are Ada), And Coat Room. Some Of The Equipment Includes As Follows: 7 Ice Bins, 4 - 2 Door Under Counter Refrigerators, 5 Cash Registers, 2 Hand Sinks, Ice Machine, 1 Door Under Counter Refrigerator, Plasma Tv, Outside Projector, 3 Compartment Sink And Mop Sink, Etc. This Club Can Be Operated With 2 Separate Venues Due To Its Layout. There Are Also Storage Areas And An Office Area. The Numbers (Revenue & Profit) Below Do No Include The Door Charges And Rental Income. There Is Also Upside For Additional Days And Hours Of Business As The Business Only Operates 4 Nights A Week From 5p To 2a. The Rent Is Less Than 1 /Sq Ft And The Market Rent Is Probably Close To 2/Square Foot And The All Inclusive Monthly Rent For The Remaining Term Is Approximately As Follows: 2009 - 3,000, 2010 - 3,200, 2011 - 3,400, 2012 - 3,500, 2013 - 3,505, 2014 -3,715, 2015 - 3,825, 2016 -3,940 And 2017- 4,545. So The Rent In 2017 Is Only 1 Square Foot. The Discounted Cash Value Of The Lease Alone Is Approximately In Excess Of 100,000.
General Information
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Organization: Corporation
Year Established: Contact For Info
Current Owner: Contact For Info
# Of Employees: Contact For Info
Seating: 98 But Will Change To 198
Square Foot/Size: 4,500
Parking: Street
Lic. Required: Business, Abc Typ 48 (Hard Liquor), Entertainment (Live Music, Dancing, Dj's)
Days Open/Hours: 4 / W-Sa, 5p-2a
Reason For Sale: Other Interests
Financial Information
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Revenue: 50,000 / Month
Cash Flow: 25,000 / Month
Current Inventory: Contact For Info
Payroll: Contact For Info
Lease Information
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Lease Rent: 3,000 All Inclusive
Lease Expiration: 12/31/2009
Yearly Adjustment: Fixed Increases
Lease Option: 2 Four Year Options
Security Deposit: Not Available.
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