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Remodeled Rnm Restaurant/bar In Desirable Corner Location New Price Reduction
This uniquely located corner location in the desirable lower Haight Street District has been totally remodeled at a cost of $600,000. The restaurant has been tastefully designed and has wood floors, a large glass frontage, tall ceilings, a display kitchen, attractive bar with stainless steel top, and a combination of counter seating, tables and chairs and banquette seating. Some of the equipment includes as follows: 13' type 1 hood with fire suppression system, 3' x 4' flat grill, 6 burners over oven, 2' x' 3' chargrill, double basket fryer, 4 burners, 3 glass door undercounter refrigerator, ice bin, 2 hand sinks, slicer, mop sink, 6 taps, 2 door + 2 drawer undercounter refrigerator + sandwich station, 4 deck pizza oven, Aloha POS system with 3 terminals and 4 printers,1 door undercounter refrigerator, 1 door undercounter freezer, convection oven, 3 compartment sink + rinse hose, utility sink, full door glass refrigerator, music system, floor model mixer, walkin refrigerator, 6 employee lockers, flat screen TV, etc. There is also a separate delivery area, garbage room, storage areas, office and 2 ADA restrooms. Although the restaurant recently closed and was open for dinner only 5 days a week the past sales history were as follows: 2010 projected based on first 5 months would be $780,000, 2009 sales were $794,464 and 2008 sales were $925,377. There is upside for a new concept with increased hours and two additional days week of operations. The landlord will negotiate a new long term lease at current market rent. The ABC license allows serving alcohol with food sales only between the hours of noon and midnight seven days a week. This condition cannot be changed until the operator closes escrow and there is no guarantee that the buyer can change this condition.
DISCLAIMER: The above financial
information was supplied by the
seller and has not been verified
by broker. Broker makes no
representation about the accuracy
or completeness of the information
and does not guarantee future
performance. It is the
responsibility of a prospective
buyer to make their own inspection
of all financial and other
business records, and to seek
independent financial and legal
counsel regarding any purchase of
this business and/or real estate.
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