Restaurant for sale on Third Street in San Francisco's Bayview area.  The restaurant is fully equipped and has a parklet, and presents a great opportunity for an owner/operator to bring their concept to an area with a lot of potential. The restaurant has a parklet which seats 20, and the inside of the restaurant seats 49.  The space is very close to the Muni Third Street rail line and easy access to the 101.  Ideal location for catering and online delivery.   Various resources are available for buyers who purchase businesses in Bayview.  A façade grant of up to $10K is available from Economic Development on Third (EDOT).  The City and County of San Francisco's Neighborhood Economic Development department provides grants of $25 - $100K.  These funds can be applied to the purchase price, equipment, and to help grow your business.   The landlord is prepared to provide a new lease with a 5 year term and 5 option with asking starting rent of $3,000.   The kitchen has a 12' type 1 hood, 3 fryers, two 6 top burners with underneath oven, 2 door reach in refrigerator, 1 door reach in refrigerator, steam tables, 2 door under-counter refrigerator with prep station, 2 door under-counter refrigerator, 2 door beverage cooler, 1 door beverage cooler.  There are two restrooms and a back outdoor area with a storage shed.

General Info

  • OrganizationSole Proprietorship
  • Established2008
  • Current OwnerContact for Info
  • EmployeesContact for Info
  • Reason For SaleOther Interests

Facilities

  • Seating49 Indoor and 20 Outdoor
  • Square Feet1,200
  • ParkingStreet Parking
  • LicensesBusiness and Health Permit
  • Open Hours11am - 7pm Daily

Lease

  • Rent$2,600
  • ExpirationNegotiable
  • Yearly IncreaseNegotiable
  • OptionNegotiable
  • DepositNegotiable

Financials

  • Monthly Revenue$43,453
  • Monthly Cash FlowContact for Info
  • Annual Revenue$521,438
  • Annual Cash FlowContact For Info
  • PayrollContact for Info

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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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