Price Reduced to $199,000 for this quality restaurant business located in an up and coming area of San Francisco. $154,000 in annual profits and extremely low rent at only 3% of the $1,450,000 million annual sales. Good books and records with verifiable financials, growing sales, growing revenues & consistent earnings. The owner is willing to carry a note for a portion of the purchase price to well qualified buyers with experience and good credit. Completely remodeled in 2014 to include a cozy private dining room, kitchen and modern industrial decor, see the photo's. The kitchen is open to the dining room with 12ft Type 1 hood and fire suppression system, burners, ovens, fryer, grill, refrigerated work tops and seafood ice display. The dining room and kitchen are easy to maintain which has a modern ambiance with seating for 45 plus an outdoor patio area. The comprehensive menu has an excellent reputation for using only the freshest ingredients which makes a comfortable 11% profit. The owners are quasi-absentee with other interests and so spend little time at the restaurant. A hands on owner (Chef and Manager team) could really grow this business. The lease expires in 2020 but after successful negotiations with the landlord an extension beyond this time will ensure a positive future growth. Please complete the 'Non Disclosure Agreement' on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We'll also send you the Broker's contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationContact For Info
  • Established1990
  • Current Owner2014
  • Employees19
  • Reason For SaleContact For Info

Facilities

  • Seating45
  • Square FeetContact For Info
  • ParkingStreet
  • LicensesHealth, Business & ABC Type 41 License
  • Open Hours11.00am - 10.00pm Daily

Lease

  • Rent$3,827
  • Expiration12/31/2020
  • Yearly Increase4%
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$120,497
  • Monthly Cash Flow$12,867
  • Annual Revenue$1,445,965
  • Annual Cash Flow$154,401
  • Payroll$$47,626

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location