Restaurant  •  $199,000

Location: San Francisco
Seller: Steve Zimmerman
Phone: 415-945-9701

Business Summary
Established Pier 39 Restaurant With 250,000+ Profit
San Francisco, California

This Business Is Currently In Escrow

Rrc# 1281
Offered At: 199,000 (New Price Reduction)
Revenue: 96,223 / Month
Cash Flow: 21,649 / Month
Lease Rent: 17,402 All Inclusive
Square Feet: 3,000

Listing Description
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Pier 39 Is One Of The Busiest Tourist Attractions In The United States. This Restaurant Has Been Established For A Number Of Years And Has A Very Popular Menu With Wide Appeal. There Is The Potential To Add An Outdoor Seating Area To Accomodate 40 Additional Customers. There Is An Attractive Dining Room Which Overlooks The Boat Harbor Which Has A Combination Of Tables And Chairs And Booths, A Bar Area And A Full Kitchen. Some Of The Equipment Includes As Follows: 2 - 2 Compartment Sinks, Mop Sink, Hand Sink, 2 -2 Door Undercounter Refrigerators, 2 Full Deck Ovens, 20' Type 1 Hood With Fire Suppression System, Double Basket Fryer, 6 Burners Over Oven, 4 Burners Over Oven, 4 Compartment Steamtable, 2 - 3 Door Undercounter Refrigerators+Sandwich Stations, Walkin Refrigerator, Small Oven, 2 Full Door Glass Refrigerators, 4 Door Undercounter Refrigierator, 2 Group Espresso Machine, 5 Taps, 2 Ice Bins And 1 Door Undercounter Refrigerator, Etc. There Is Also 2 Ada Restrooms, Storage Areas And A Take Out Section. It Is Possible To Negotiate A New 5 Year Lease With 5 Year Option With Terms And Conditions Similar To The Current Lease Which Includes: Base Rent - 2.50 Square Foot Or 8,082.50 A Month + Nnn Expenses Of 9,319.75 A Month For Total Rent Of 17,402.25 Per Month All Inclusive. For Sales Between 1 Million And 1.4 Million There Is Percentage Rent Of 8% Of Sales, For Sales Between 1.4 And 1,499,999 There Is Percentage Rent Of 9% Of Sales And For Sales Of 1.5 Million And Above There Is Percentage Rent Of 10% Of Sales.

General Information
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Organization: Corporation
Year Established: Contact For Info
Current Owner: Contact For Info
# Of Employees: Contact For Info
Seating: 104
Square Foot/Size: 3,000
Parking: Parking Garage
License(S) Required: Business, Abc Type 41 (Beer & Wine)
Days Open/Hours: 7 / 10a-10p
Reason For Sale: Other Interests

Financial Information
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Revenue: 96,223 / Month
Cash Flow: 21,649 / Month
Current Inventory: Contact For Info
Payroll: Contact For Info

Lease Information
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Lease Rent: 17,402 All Inclusive
Lease Expiration: 2 Years
Yearly Adjustment: Not Available
Lease Option: 5 Years
Security Deposit: Not Available

Financing Information
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Down Payment: Contact For Info
All Cash: Contact For Info
Note Balance: Contact For Info
Rate/Term Of Note: Contact For Info