Restaurant Bar And Catering Venue In San Francisco For Sale

Business description

Restaurant, Bar And Catering Venue - Abc Type 47 License - Priced To Sell

RRC#: 1673
Asking Price: $165,000
Location: San Francisco, San Francisco, California
Yearly Revenue: $420,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $4,200 all inclusive

LISTING DESCRIPTION:
This business is located in a two level building easy accessed and visible from a major freeway. Currently, the owner operates on weekends, for private parties and special events. The ground level entrance opens into a large foyer, several offices, two multi user restrooms and two kitchens. The pantry prep kitchen has work tables, prep. sink, walk in refrigeration and dry goods storage. The other kitchen has an 8’ type 1 hood, a dual 8-burner range with ovens, slicer, food processors, prep sinks, and work table. A long staircase leads to the upstairs seating and dining area, and an elevator as well. The upper level has a private party room with a capacity for 80 guests with great views to the outside. The center area has a long bar with seating for 15, with under counter bar refrigerators, two 3-compartment sinks, ice wells, 2-guns. A stage area, which includes a very extensive sound system, looks out to the bar and main dining room, and offers a great 180 degree panoramic view of the skyline. Off the main area is an extensive line kitchen, with a 12’ type 1 hood and a 10 1/2’ type 2 hood, equipped with a 6-burner range with oven, double convection oven, 3‘ char grill, gas salamander, 3’ griddle, 2-double fryers, 3-door under counter fridge, 1-door sandwich prep table, stainless work tables, and a large dishwashing area with stainless side tables. All the premises assets and equipment, along with the type 47 liquor license are included in the sale. The lease identifies the premises and does not indicate the square footage. Each level appears to be approximately 5,500 square feet, and the current $4,200 monthly rent for the upcoming 5 year option period will be negotiated with the landlord. Possibilities here would include a daily operating restaurant, bar and lounge, a catering only operation for private functions, or a special events venue with live entertainment and dancing. In summary, this is an excellent value for a buyer when considering all the assets of the business, the costly and extensive sound system equipment, the liquor license, and the current zoning for live entertainment and events.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 1992 | Current Owner: 1992 | Seating: 300 ++ | Square Footage: 11,000 estimated | Parking: Street | Licenses Required: Business, ABC Type 47 | Days Open/Hours: Fri, Sa, Sun and Private Parties | Reason For Sale: Other interests |

FINANCIAL INFORMATION:
Yearly Revenues: $420,000 |

LEASE INFORMATION:
Monthly Rent: $4,200 all inclusive | Lease Expiration: 7/2012 | Yearly Adjustment: Negotiable | Lease Option: Negotiable | Security Deposit: Negotiable |

FINANCING INFORMATION: