Large, elegant, art-themed cocktail bar in the financial district of San Francisco. Currently, the business is open from 3:00 p.m. to 12:00 a.m. Monday - Friday, and hosts events on the weekends. This is a rare opportunity to purchase a Type 48 cocktail bar with a very desirable location and hours. The bar has three distinct areas: the main floor is 3,014 square fee, there is a 1,350 sq ft mezzanine area with a second bar, and a 1,662 sq ft basement. The space can be set up for events and live performances. While the current owners host these types of events on a limited basis, a new owner could build sales by increasing the number of events held in the space. The space fits about 200 total people with plenty of seating, lounge chairs and leather sofas making it very cozy. The mezzanine can be used for private events while open to the public downstairs. The concept was at a different location for 10 years, and moved to the current location in 2016, at which time they spent $350K on the build out, which included new hardwood floors, updated plumbing, marble counter bars and leather bar stools, hvac, fiber wiring and a new sound system. The space is equipped with a beer tap system at both bars, beverage cooler, dishwasher, 3 compartment sink, 3 door under-counter refrigerator, wine refrigerator, beer keg cooler, 2 door under-counter refrigerator, 2 walk-in refrigerators. The space has bathrooms upstairs and downstairs. There are 6 flat-screen tv's throughout. Art, sculpture and liquor are not included with the sale

General Info

  • OrganizationInc
  • Established2007
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating115 Main and 40 Mezzanine
  • Square Feet6026
  • ParkingStreet
  • LicensesABC Type 48, Health and Business
  • Open Hours3pm - 2am Monday - Friday

Lease

  • Rent$16,487
  • Expiration2021
  • Yearly Increase3% Annual Adjustment
  • Option5 Year Option
  • Deposit$32,000

Financials

  • Monthly Revenue$65,000
  • Monthly Cash Flow$16,091
  • Annual Revenue$780,000
  • Annual Cash Flow$193,095
  • 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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