Located near the intersection of 4th & Brannan, Reeves Bar is now for sale. Sale includes a rare and valuable full liquor license (Type 48) which also allows for DJ and Live Entertainment. Uniquely situated in the SOMA district of San Francisco, the location has access to a dense residential population, corporate clientele, and fans attending sporting or concert events at Oracle Park. The location has served as the go to Happy Hour spot for many tech companies such as Lyft, Splunk, and now Pinterest located just across the street. As for nightlife,Reeves is part of the block that includes the Historic Utah Saloon, Thriller SF, Grand NightClub, and right next door to popular SF eatery Marlowe. Projected commercial and residential development withins blocks of Reeves is estimated around $6 Billion over the next 10 years. Ground has already been broken on new mixed use properties on Brannan and 4th Streets.
The long industrial bar that spans the length of Reeves paired with an open floor plan is ideal to host corporate happy hours, thirsty Giants fans, or private events. Bar supports up to 3 Speed Wells allowing for faster service if needed. Lounge, bar and table seating is versatile for local regulars, after dinner drinkers, or Trivia night enthusiasts. In addition, there is a rare covered small back area patio spot for patrons to relax and enjoy a breather. A true bar/event space, Reeves currently has weekly Trivia Nights, Bartending Classes, and monthly Corporate events along with its normal bar clientele.
As a former service industry operator, the Landlord has been extremely understanding during Covid. He wants to work with an experienced bar operator to create the next must-go destination spot in SF. He's willing to work on flexible lease terms along with possible tenant improvements.
This is a very rare opportunity to purchase a bar in SF with a coveted Type 48 license in a location poised to take off during the Recovery. Don't miss your chance!
- Current Owner2020
- Reason For SaleOther Interests
- Seating75-100 for events / 12-15 bar seats
- Square Feet1,500
- ParkingEasy Street Parking
- LicensesType 48 Liquor License
- Open Hours5-11pm Wednesday, Thursday & Friday
- RentLandlord flexible for Strong Tenant
- ExpirationNew Lease Available
- Yearly IncreaseNew Lease Available
- Option1 -5yr Option available after new term
- DepositNew Lease for New Owner
- Monthly RevenueContact For Info
- Monthly Cash FlowContact For Info
- Annual RevenueContact For Info
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- PayrollContact For Info
- 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.