Business is pre-approved for a 10-year SBA loan. Buyer's need only $140,000 down to acquire this highly successful bar and restaurant established in 1998. There's a heated wrap around outdoor front patio, on this corner located prime upscale San Francisco neighborhood. The lease term runs to 2034 with monthly rent at $9855 including NNN. Monthly sales of $76,000 with a healthy 17%, $13,000 monthly owners' profit. Good books & records with verifiable financials and provable cash-flow. The owner is 99% absentee visiting just once per week. The 17 long-term employees take care of the day-to-day business operation, which is only open from 4pm to close daily plus weekend brunch from 11am. Substantial upgrades have taken place over the past few years including a new kitchen floor, dining room seating and improving the basement storage. There is an efficient kitchen with a 12 ft 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. A Beautiful Carved Wood Bar with an equally nicely appointed dining room seating 72 with a combination of booths, regular tables and high community tables including 10 barstools. Outdoor wrap around patio seats a further 24 which includes overhead heaters. The bar with its mirrored back is incased in Antique wood and is the central focal point with an array of whiskies and spirits and 15 beers on tap. A Micros POS system ensures full accountability and control together with 8 security cameras. $585,000 is the asking price that includes the valuable city ABC Type 47 hard liquor license which has an independent value in excess of $250,000. 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. We'll also send you the Broker's contact information so you can discuss the full financial information, lease & the list of equipment included with the purchase in more detail.

General Info

  • OrganizationContact For Info
  • Established1950
  • Current Owner1998
  • Employees17
  • Reason For SaleOther Interests

Facilities

  • Seating106
  • Square Feet1600 + Front Patio & Basement Storage
  • ParkingStreet
  • LicensesHealth, Business & ABC Type 47 Hard Liquor Licenses
  • Open HoursMonday-Friday 4pm-close, Saturday & Sunday 11am-close

Lease

  • Rent$9,855 including NNN
  • Expiration2024
  • Yearly Increase3%
  • OptionTwo 5 year options
  • Deposit$10,000

Financials

  • Monthly Revenue$76,397
  • Monthly Cash Flow$13,227
  • Annual Revenue$916,767
  • Annual Cash Flow$157,406
  • Payroll$$24,328

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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