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Established Neighborhood Restaurant In The Mission With $1 Million + In Sales; $100,000 + Net Profit

San Francisco, California, United States of America
$179,000

Business For Sale Details

Updated on April 14, 2020 at 2:03 pm

  • Property ID: 3693
  • Price: $179,000
  • Building: 2600 sq. ft.
  • Type: Restaurants, Food & Beverage
  • Status: Business For Sale
  • Revenue (Annual): $1,000,001-$2,000,000
  • Cash Flow (Annual: $100,001-$150,000
  • Rent: $8,189
  • Lease Expiration: December 2020
  • Year Established: 2015
  • Organization: Limited Liability Company
  • Reason For Sale: Other Interests
  • Revenue (Yearly): $1,038,197
  • Cash Flow (Yearly): $100,016
  • Days/Hours of Operation: 11:30am - 9pm Sunday - Thursday, 11:30am - 10pm Fri - Sat
  • Seating: 120
  • Parking: metered street parking
  • Licenses: Health, Business and Beer and Wine
  • Lease Security Deposit: $15,189
  • Lease Options: Two Five Year Options

Description

Restaurant for sale in the heart of San Francisco’s Mission District. The restaurant sits on a busy block, near other successful restaurants, bars, and retails shops, in addition to a movie theater. It is close to MUNI bus lines, and to a BART station. There is significant foot traffic in this area seven days a week, throughout the day and into the evening.

The interior is beautifully designed, with a look that blends the contemporary with the historic. The space has two main dining areas, one of which is connected to the bar, which gives it a more lounge-like feel. The other dining area can be subdivided to accommodate private parties. There is bar seating area and a open-air kitchen on the front line with a prep area in the back of house. The seating between the two dining areas and bar can accommodate 120. There is an upstairs loft office.

The menu features modern, seasonal comfort food, along with wine, craft beer, and wine-based cocktails. It has extremely high Google and Yelp reviews, and has been featured on a local television program that reviews restaurants.

The sales for 2019 were $1,038,197 and has a Sellers discretionary earnings (profit) of $100,016 for 2019 and has enjoyed very consistent sales for the three years prior, 2016 – $1,297,260, 2017 – $1,298,222, 2018 – $1,232,214.

The lease is reasonably priced for a restaurant of this size in this location. There is a five year option included. The landlord would consider another five year option for the right buyer.

The restaurant comes equipped with the following; 12′ Type 1 hood and venting, 4 burner stove with oven and a 6 burner stove with oven, flat top grill, charbroil grill, salamander, 2 fryers, 2 door reach-in refrigerator, 4 door reach in refrigerator, a 3 door and 2 door under-counter refrigerator with prep, 6 beer tap system with keg refrigerator, 4 door beverage cooler, ice machine and dishwasher

The restaurant comes with a parking space and has additional storage in the basement. There are two ADA restrooms.

If you are interested in viewing the restaurant during the shelter in place we can provide a video tour.

Business For Sale Location:

  • Location: San Francisco, California, United States of America
  • City / County: San Francisco
  • State / Province: California
  • Country: United States

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