The incoming buyer of this space will be reaping the benefits of the 100% new buildout that was completed only a few short years ago. On bustling Castro Street in the heart of The Castro, this location is surrounded by high-income households and frequent tourists alike. The space was thoughtfully designed as to be flexible for many concept styles including creamery or gelato service and production, a bakery, a cafe, wine bar with bites, a commercial kitchen or a full service eatery. The seller is motivated and priced this space to sell. The landlord has committed to a 10 year lease with a low beginning base rent. The total buildout included new HVAC, all new plumbing, PGE upgrades including gas and 220v electric installation. The sparkling kitchen includes top of the line equipment, a type-1 hood and Eco Grip Flooring. (Detailed Equipment list upon request). So avoid investing a ton of cash into a buildout and take a look at what you can buy with $128K in The Castro!!

General Info

  • OrganizationContact For Info
  • Established2017
  • Current Owner2015
  • Employees9
  • Reason For SaleOther Interests

Facilities

  • Seating49 capacity
  • Square Feet1200
  • ParkingEasy Street Parking
  • LicensesCurrently Dairy
  • Open HoursNoon - 11pm Closed Tuesdays

Lease

  • RentLandlord Proposed $6,000 NNN
  • ExpirationNew Lease Negotiable (10 Year)
  • Yearly Increase3%
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$33,334
  • Monthly Cash Flowloss
  • Annual Revenue$376,006
  • Annual Cash FlowContact For Info
  • Payroll$9,907

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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