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RRC#:
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1427 |
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Location: |
Central City
San Francisco, California |
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Offered at: |
$249,000 |
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This well established business is designed so you can operate the restaurant separately from the bar/cocktail lounge as they each have their own separate entrance and are physically designed so they both have their own identity. Subsequently the restaurant and bar/lounge have different names. The restaurant has a main dining room which seats 80, private dining room which seats 16-20, a full bar with 12 bar seats and has high ceilings, skylights, wood floors and a display kitchen. Some of the equipment is owned and some is rented and the equipment that is owned is as follows: 2 group espresso machine, hand sink, undercounter refrigerator, POS system with 3 monitors and 5 printers, 2 -3 compartment sinks, 5' and 7' type 1 hoods with fire suppression systems, 2 compartment soup warmer, ice bin and special wine storage system. The following equipment is rented: counter mixer, 2 full door freezer, large walkin refrigerator, ice machine, 3 - 2 door undercounter refrigerators + sandwich stations, 3 door undercounter refrigerator, 1 door undercounter refrigerator, 2' x 3' chargrill, 2 burners, 1 double basket fryer, dishwasher and 2-6 burner units over ovens. The bar and lounge area is a great area for private parties as well as for ongoing customer activity. In this area there is a private wine cellar dining room, storage areas, employees lockers, offices and prep kitchen. There is upside for additional sales and profits by opening an extra day, and opening for lunch as the restaurant only operates 6 nights a week for dinner. Although the current lease has 2 years left plus a 5 year option the landlord is willing to negotiate an extension of the premises lease. This business is in the process of being pre-approved for an SBA loan which means a buyer with approximately a 40% down payment could finance the balance at a competitive rate over a ten year period.
| General Information |
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Contact Information |
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| Organization: |
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LLC
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| Year Established: |
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Contact For Info |
| Current Owner: |
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Contact For Info |
| # of Employees: |
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Contact For Info |
| Seating: |
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100 restaurant + 50 in bar |
| Square Foot/Size: |
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5,800 |
| Parking: |
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Street |
| Lic. Required: |
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Business, ABC Type 47 (hard liquor) |
| Days Open/Hours: |
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6 / T-Th, S 5p-9:30p F, Sa 5p-11p |
| Reason For Sale: |
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Other interests |
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Name: |
Steve Zimmerman
Restaurant Realty Company
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| Address: |
21 Tamal Vista Blvd, Suite 201 Corte Madera, CA 94925
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| Phone: |
415-945-9701 |
| Fax: |
415-945-9702 |
| Email: |
inquiry@restaurantrealty.com |
| Website: |
www.restaurantrealty.com |
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| Revenue: |
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$97,000 / month |
| Cash Flow: |
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$16,650 / month |
| Current Inventory: |
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Contact For Info |
| Payroll: |
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Contact For Info
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| Lease Rent: |
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$9,600 all inclusive |
| Lease Expiration: |
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2010
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| Yearly Adjustment: |
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Fixed increases
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| Lease Option: |
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5 years
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| Security Deposit: |
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Not Available
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| Down Payment: |
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Contact For Info |
| All Cash: |
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Contact For Info |
| Note Balance: |
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Contact For Info |
| Rate/Term of Note: |
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Contact For Info |
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