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Popular, Well-established Bar In Sf Mission District With Type 48 Liquor License

San Francisco, 253601, Colombia
$450,000

Business For Sale Details

Updated on March 16, 2020 at 9:37 am

  • Property ID: 3673
  • Price: $450,000
  • Building: 1800 Sq. Ft.
  • Type: Bars
  • Status: Business For Sale
  • Revenue (Annual): $250,001-$500,000
  • Rent: $8,815
  • Lease Expiration: July 2021
  • Year Established: 2006
  • Reason For Sale: Other Interests
  • Revenue (Yearly): $500,000
  • Days/Hours of Operation: 7pm - 2am Tuesday - Sunday
  • Seating: 30
  • Parking: Street
  • Licenses: ABC Type 48, Health and Business
  • Lease Security Deposit: 10,000
  • Lease Options: 5 Year Option

Description

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.

Business For Sale Location:

  • Location: San Francisco, 253601, Colombia
  • City / County: San Francisco
  • State / Province: California
  • Country: United States

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