Located on busy, Polk Street in SF that, which is home to some of SF's best restaurants, casual eateries and retail. This location draws locals and tourists alike. The space has requires no more than 1-2 people to operate at any given time and is a perfect owner operator set up. There are off hours Sub Tenants who use the large commercial style kitchen, and help offset SF's high operating costs. These tenants are optional to the new owner/tenant. The lease is strong with over nine years left. Currently the business serves frozen treats, while using the large and spacious kitchen for commercial food production so the sky is the limit! With two casual window tables and seats and sidewalk seating this space is appropriate for so many uses or concepts. If ice cream or gelato is your passion this operation is turn key. The space includes an ADA one toilet bathroom, and office and ample storage space inside and out of the kitchen. Equipment includes: 2 outdoor benches, 2 interior tables and seating, Square POS, Large Ice Cream Showcase, Marble Counter Top, 10ft Metal Prep Tables, Many Storage Racks, 10x12 Ft Walk-in Freezer, 10x8 Walk In Fridge, Various Kitchen Equipment, Office Area, ADA Bathroom.

General Info

  • OrganizationLLC
  • Established2014
  • Current Owner2013
  • Employees2-4
  • Reason For SaleConsolidating

Facilities

  • Seating10 + Sidewalk benches
  • Square Feet1200
  • ParkingStreet meters
  • LicensesDairy
  • Open Hoursnoon-10pm (midnight weekends)

Lease

  • Rent$5,141.55
  • Expiration2029
  • Yearly Increase3%
  • Option2-5yr
  • Deposit$9,500

Financials

  • Monthly Revenue$13,666 (in store not commercial)
  • Monthly Cash FlowSee agent due to SDE & Sub Tenants
  • Annual Revenue$164,000
  • Annual Cash FlowContact For Info
  • Payroll$$5,000 (much less if owner operated)

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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