Highly rated restaurant in San Francisco's Outer Sunset for sale. This restaurant has garnered high reviews and critical acclaim, and is as well-known for its design as for its food.
In the past, the restaurant drew crowds for lunch, dinner, breakfast on the weekdays, and brunch and dinner on the weekends. As the recovery from the pandemic gains momentum, it has the potential to do great business seven days a week once again.
This restaurant is both a neighborhood gem and a destination for diners from all parts of San Francisco and beyond. Near Ocean Beach and other attractions, a meal here is always a day-changer. Close to public transportation, with plenty of street parking in the area.
There is a heated outdoor patio area which seats up to 20, with an established additional parklet which seats 12, socially distanced. The space could accommodate an additional parklet, which would increase the outdoor seating capacity to 45. There is also a parking space which could be designated for pick up and delivery.
The business holds an ABC Type 47 full liquor license which is included as part of the sale The kitchen is fully equipped and a full equipment list is available upon request.
The current lease in place is below market rate for the area and runs through October 2021. There are two options to renew, one for 5 years with fixed increases, and one for 4 years at fair market value. The lease also holds a first right of refusal giving the option to purchase the building if it were to become available.
The restaurant has demonstrated consistent success. The three-year average for sales is $3,549,719, and seller's discretionary cashflow average is $472,605 for the three years prior to the pandemic.
As part of this sale the sellers will assist in a thorough training and onboarding to set the buyers up for success.
- OrganizationContact For Info
- Current OwnerContact For Info
- EmployeesContact For Info
- Reason For SaleOther Interests
- Seating49 Inside and 45 Outside
- Square Feet1900
- ParkingStreet Parking
- LicensesType 47 ABC, Health and Business
- Open Hours9am - 3pm & 5pm - 10pm Daily
- ExpirationOctober 2021
- Yearly Increase4% Increases
- Option5 Year Option + 4 Year Option
- Monthly Revenue$291,965
- Monthly Cash Flow$26,367
- Annual Revenue$3,503,586
- Annual Cash Flow$316,414
- Payroll$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.