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SF Bar - $4M Annual Sales, $220k-$330k Net Profits. High Traffic Location, Strong Lease
Asking Price: Offered At $390,000
Location: 34 Mason St, San Francisco
Monthly Rent: $11,700 NNN
The highly acclaimed Mikkeller Bar location is for sale. This 40 Tap location created a beer lovers paradise, with the volume and profits to prove it. A unique Type 42 ABC license is in place, as a 21 and up establishment. A Type 47 license should be easy to obtain here. Mikkeler Bar created a gastropub style full menu from their fully equipped kitchen. The design of this two story ADA compliant space is top notch. All but the original raw brick walls and metal beams were upgraded and built out prior to opening in 2013. Featuring a stainless steel 40 tap system, amazing natural oak panel walling and banquets, custom lighting and more.
This location offers late night dining and drinking options in this high traffic location. The location is loved by SF locals, tourists and tech workers alike. It also benefits from convention goers and the customers of the many neighboring hotels such as Park 55 Hilton. Additionally the famous Union Square is a short couple blocks away.
Current Owner: 2012
Reason For Sale: Other Interests
Monthly Revenue: $317,388
Monthly Cash Flow: $18,000 - $28,000
Annual Revenue: $3,808,653
Annual Cash Flow: Contact For Info
Monthly Payroll: $119,674
Rent: $11,700 NNN
Expiration: August 2022 plus 5yr option
Security Deposit: $9,000
Option: TWO 5-YR Options
$11,700 (USD) per annum
Parking: Street and Garage
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