SBA loan pre-approved for this highly profitable bar and restaurant established in 1998 with a walk way heated outdoor patio, on a corner location in a prime upscale San Francisco neighborhood, surrounded by many non-competing restaurants. The lease term runs to 2034 with monthly rent at around $10,000 including NNN. Annual sales in excess of $1 million with a healthy 20% net profit. Good books & records with verifiable financials and provable cash-flow. The owner is totally absentee visiting just once or twice per month. The 17 long-term employees take care of the day-to-day business operation, which is open from 4pm to close daily plus weekend brunch from 11am. Small but efficient kitchen with a type 1 hood and fire suppression system, 6 burner stove with flattop and double ovens plus two deep fryers, small double 'Bakers Pride' Pizza ovens, upright fridge and two refrigerated worktops. Basement storage includes a walk-in cold room and dry goods area. Bar and dining room seats 72 with a combination of booths, regular tables and high community tables including 10 barstools plus a further 24 on the heated outdoor patio. The bar with its mirrored back bar incased in Antique wood is the central focal point with a hard liquor license, array of whiskies and spirits and 15 beers on tap. A Micros POS system ensures full accountability and control together with 8 security cameras. $600,000 is the asking price that includes the valuable city Type 47 hard liquor license. This is a highly confidential listing so please complete the 'Non Disclosure Agreement' on our site and we'll send you the name and address with 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
  • Established1950
  • Current Owner1998
  • Employees17
  • Reason For SaleOther Interests

Facilities

  • Seating96
  • Square Feet1600 + Patio & Basement Storage
  • ParkingStreet
  • LicensesHealth, ABC Type 47 Beer & Wine Licenses
  • Open HoursMonday-Friday 4pm-close, Saturday & Sunday 11am-close

Lease

  • Rent$9,855 including NNN
  • Expiration2024
  • Yearly IncreaseContact For Info
  • OptionTwo 5 year options
  • Deposit$10,000

Financials

  • Monthly Revenue$84,000
  • Monthly Cash Flow$15,000
  • Annual Revenue$1,010,000
  • Annual Cash Flow$180,000
  • PayrollContact For Info

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.

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