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For Sale: Restaurant With Banquet Room - San Francisco

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Current Status: Active     Posting #: 231964     Last Refreshed: 5/18/18     BRE License #: 01310250    
Contact: Steve Zimmerman At 415-945-9701  -  Also Email This Contact Below
Price:  $1,795,000     Down:  Call     Adjusted Net:  Call     Revenue:  $2,468,064    
Attributes:       Cooperation With Brokers?  Call

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  Description About This Posting: Restaurant With Banquet Room
World Renowned Waterfront Location, Restaurant And Banquet Room With Long Term Lease

RRC#: 2704
Asking Price: $1,795,000
Location: San Francisco, San Francisco County, California
Yearly Revenue: $2,468,064
Yearly Cash Flow: Contact For Info
Monthly Rent: $25,250

LISTING DESCRIPTION:
This unique opportunity has the upside to do sales in the $10 Million + range and in the 90''s this business did $8.5 Million in sales. The current ownership does not have a restaurant background so an experienced operator coupled with a serious remodel could turn this opportunity into a $10 Million + sales business. This business is located on a waterfront location and every seat has waterfront views. There are 19 years remaining on the lease and the rent is extremely reasonable for the size of the business. There is a separate bar area which seats 60, separate banquet room which seats 100+ (which includes its own service bar which includes 4 taps, ice bin, 3 compartment sink, POS, 4 door under counter refrigerator) and the main dining room seats approximately 140. The main dining room has a combination of booth seating and table and chairs. There are outside decks surrounding the perimeter of the building which accommodate another approximate 100 seats. There are four restrooms (2 of which are ADA), office areas, several storage areas, 2 employee change rooms with lockers and employee restrooms. There are two kitchens, a large prep area, dish washing area and a receiving area . The main kitchen includes the following equipment: 21" type 1 hood with fire suppression system, upright broiler, 3'' char broiler, 2 double basket fryers, 3 - 6 burner stoves with ovens underneath, 3 hand sinks, 4 - half door refrigerator, 2 - 4 under counter refrigerator drawers with sandwich stations on top, 3 compartment steam table, 2 - 3 compartment sinks, 2 utility sinks, slicer, soup warmer, microwave, 3 door under counter refrigerator + sandwich station on top, full door freezer, full door glass refrigerator, dishwasher, dish washing sink + rinse hose, mop sink, POS system, ice machine, bread slicer, 2 door under counter refrigerator, 1 door under counter refrigerator. In the bar area there are 6 TV''s, 3 door under counter refrigerator, 3 ice bins, 3 hand sinks, 2 -3 glass door under counter refrigerator, under counter dishwasher, 3 compartment sink, 2 taps, 3 door under counter refrigerator and an espresso machine. The other kitchen includes the following: 10" type 1 hood with fire suppression system, counter model mixer, full door refrigerator, 2 under counter refrigerator doors, 4 compartment steam table + 1 under counter refrigerator door, 4 compartment steam table, dishwasher, dish washing sink + rise hose, 2 compartment sink, stock pot burner, 2- 3[ char grills, 2 burners, 2 door under counter refrigerator and 4 half door refrigerator, etc. This is an outstanding opportunity for an experienced restaurant bar operator.

GENERAL INFORMATION:
Organization: Corporation | Seating: 200+ inside plus 100 outside seats | Square Footage: Large | Parking: Parking garages and street | Licenses Required: Business, ABC Type 47 (hard liquor) | Days Open/Hours: 7 days Lunch and Dinner | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $2,468,064 |

LEASE INFORMATION:
Monthly Rent: $25,250 | Lease Expiration: 4/30/2036 | Yearly Adjustment: CPI |

To get more information about this Restaurant With Banquet Room business for sale in San Francisco please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 415-945-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #231964 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant With Banquet Room, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

  Related Links And Information Regarding This Posting
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