Established San Francisco Restaurant-Amazing Location-High Traffic-Huge Upside
San Francisco, California
Rrc# 1276
Offered At: 129,000 (Price Reduction)
Revenue: 20,000 / Month
Cash Flow: Contact For Info
Lease Rent: 5,659 / Month
Square Feet: 2,292
Listing Description
-------------------------------------------------------------------------
Located On A Corner At The Intersection Of Two Major Streets, This Well Established Restaurant Presents An Incredible Opportunity To A New Owner. The Present Concept, In Place For Over Twenty Years, Can Be Continued Or Changed With No Constraints. Beautiful Interior Decor And Wall Finishing, Unique Lighting And Natural Light Through Windows On Both Sides Of This Corner Location Create A Great Dining Environment. The Restaurant Has An 18' Bar With Seating For 8 And Cafe' Style Table Seating For 40 Plus. The Behind Bar Has A 2-Group Espresso Machine, Two Bottle Chillers, 3-Compartment Bar Sink, Hand Sink And Cash Register. The Formal Dining Area, Which Seats 50, Presents More Of A Restaurant Ambience With High Ceilings And Beautifully Decorated. There Is A Separate Office Area As Well As A Linen/Storage Room With A 2-Door Reach- In, 1-Door Freezer, Two 1-Door Beverage Fridges, And An Adjacent Server Station. The Kitchen Has A 6' Type 1 Hood, 8 Burner Griddle Style Electric Range With Oven, Two Burner Electric Hot Plate, Pastry Oven, Convection Oven, 1-Door Under Counter Freezer And Fridge, A 2-Door Under Counter And Two 3-Door Under Counter Fridges, 5 Microwave Ovens, Slicer, Mixer, 3-Compartment Sink, Hand Sink, Shelving And Pastry Racks. The Restaurant Currently Has Access To Ada Restrooms In An Adjacent Hotel Lobby For A Nominal Monthly Charge. During The Resent Seismic Retrofit Construction, A Temporary Ada Restroom Was Built Within The Restaurant Interior To Accommodate The Clientele. The Restroom Was Removed Following Construction. Given The Very Aggressive Listing Price And Spacious Interior, This Would Be A Simple And Inexpensive Tenant Improvement For A New Operator To Reinstall And Offer An Ada Restroom Inside The Restaurant. The Current Operation Is Currently Open Five Days A Week Allowing A New Owner To Increase Sales Revenues By Opening Seven Days A Week And Include Weekend Lunch And Brunch. There Is Also Great Potential To Increase Visibility, Seating Capacity And Ambiance By Adding Outdoor Sidewalk Seating. With A Long Lease In Place, This Is A Must See Location For Any Buyer Looking To Take This Operation To The Next Level.
General Information
--------------------------------------------------------------------------
Organization: Sole Proprietorship
Year Established: 1987
Current Owner: 1987
# Of Employees: Contact For Info
Seating: 100 Inside, 15 Outside
Square Foot/Size: 2,292
Parking: Street
License(S) Required: Business, Type 41
Days Open/Hours: Tues-Fri. 11:30-2:30,5p-10p Sat. 5p-10p
Reason For Sale: Other Interests
Financial Information
--------------------------------------------------------------------
Revenue: 20,000 / Month
Cash Flow: Contact For Info
Current Inventory: Contact For Info
Payroll: Contact For Info
Lease Information
---------------------------------------------------------------------------
Lease Rent: 5,659 / Month
Lease Expiration: July 2010
Yearly Adjustment: Cpi
Lease Option: 7 Years + 7 Years
Security Deposit: 5,600
Financing Information
------------------------------------------------------------------------
Down Payment: Contact For Info
All Cash: Contact For Info
Note Balance: Contact For Info
Rate/Term Of Note: Contact For Info.
|
