Well-established, popular bar on a busy corridor in San Francisco's Mission District. The bar has been in operation since 2006. It has an old-school, throwback theme, and is a go-to spot for live dj music and dancing.
The bar is being sold as an asset sale. It has been absentee run for a few years, and has maintained its success. A new owner could continue the current style/concept of the bar, or introduce their own concept. Although this bar enjoys long-term popularity and goodwill, the bar's excellent location could provide a great foundation for launching a new concept in the space.
The bar holds an ABC Type 48 full liquor license, AND it also holds a Type 21 license, which means alcohol can be sold to be consumed off-premises. This presents a tremendous opportunity to build on to-go sales and third-party delivery sales. The current owners are not making use of these opportunities, and doing so could substantially increase sales and profit.
The bar sales 2016 and prior were $900,000+ and the current sales that can be confirmed are $500,000+.
The current lease is through July of 2021 and has a five year option. The landlord has expressed an interest of adding an additional option for the right buyer.
- Current OwnerContact For Info
- EmployeesContact For Info
- Reason For SaleOther Interests
- Square Feet1800
- LicensesABC Type 48, Health and Business
- Open Hours7pm - 2am Tuesday - Sunday
- ExpirationJuly 2021
- Yearly IncreaseFixed Increases
- Option5 Year Option
- Monthly Revenue$41,700
- Monthly Cash FlowContact For Info
- Annual Revenue$500,000
- Annual Cash FlowContact For Info
- Payroll$Contact For Info
- 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.