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Businesses For Sale   >>   Restaurants and Fast Food (Non-Franchise) Businesses For Sale

Remodeled Restaurant & Bar In Financial District

Location  California,United States
Asking Price Range  $250K - $500K
Gross Revenues  $1200000
Net Profit / Cash Flow  $192000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2006
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased

Description  
Remodeled Rest & Bar In Financial District -$1.2 Million + Sales - $200,000+ Profit-price Reduction RRC#: 2020 Asking Price: $350,000 Location: Financial District, San Francisco, California Yearly Revenue: $1,200,000 Yearly Cash Flow: $192,000 Monthly Rent: $7,000 LISTING DESCRIPTION: Over $250,000 was recently spent on remodeling this restaurant and bar. A long very favorable lease Permits for outdoor alleyway seating in place Excellent POS system with 4 terminals in place with remote internet viewing. Cctv system in place with remote internet viewing. i.e. cellphone They have had a couple of block parties and it is possible to hold them in the future. These are huge downtown. Paddyys day-cinco de mayo etc. There is the upside to be set up for a high volume lunch trade, The adjoining businesses do a large lunch business and the seller has added a rotisserie oven and redid the kitchen to accommodate a fast line. Unfortunately the seller has not been around enough to oversee the execution of this program so there is tremendous upside for the next owner for this program. The business has a huge happy hour trade and have been getting known as a great place to host work partyys for up to 200 people as the alley is also a great addition. The only reason the seller is selling is he opened another business outside the country and his family has moved there as well. 2 Brand new walk in coolers for food and beer downstairs prep area large rotisserie oven in place great staff in place. completely turnkey operation type 1 hood with fire suppression system and a full assortment of cooking equipment GENERAL INFORMATION: Organization: LLC | Current Owner: 2013 | Seating: 94 insdie + 50 outside | Square Footage: 1,900 ground floor + 900 storage and prep area | Parking: Street and parking lots | Licenses Required: Business, ABC Type 47 (hard liquor) |


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