Unique Restaurant, 2 Bars & Cocktail Lounge With $200,000 Profit & Only 40% Down With Sba Financing
San Francisco, California
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Asking Price |
$249,000
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| Office Listing # | 1427 |
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Revenue |
$97,000 / month
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Cash Flow |
$16,650 / month
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Lease Rent |
$9,600 all inclusive
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Square Feet |
5,800 |
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Listing Description |
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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.
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General Information
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Organization: |
LLC
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Year Established: |
Contact For Info |
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Current Owners: |
Contact For Info |
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# of Employees: |
Contact For Info |
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Seating: |
100 restaurant + 50 in bar |
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Square Feet: |
5,800 |
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Parking: |
Street |
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License(s): |
Business, ABC Type 47 (hard liquor) |
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Day & Hours Open: |
6 / T-Th, S 5p-9:30p F, Sa 5p-11p |
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Reason For Sale: |
Other interests |
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Financial Information |
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Revenue: |
$97,000 / month |
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Cash Flow: |
$16,650 / month |
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Payroll: |
Contact For Info |
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Inventory: |
Contact For Info |
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FF & E: |
Contact For Info |
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Lease Information |
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Lease: |
$9,600 all inclusive |
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Expiration: |
2010 |
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Yearly Adjustment: |
Fixed increases
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Option: |
5 years |
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Security Deposit: |
Not Available
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Financing Information: |
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Down Payment: |
Contact For Info |
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All Cash: |
Contact For Info |
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Note Balance: |
Contact For Info |
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Rate/Term of Note: |
Contact For Info |
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To access this webpage directly, use:
http://www.restaurants-for-sale.com/newsite/rro/listingview.asp?id=14418
Disclaimer
The information in this
listing has been provided by
the seller or broker stated
in the contact section of
the listing profile. As
such, Restaurants For Sale
Online, LLC has no claim in
the sale of this business
and has not independently
verified any of such
information and assumes no
responsibility for its
accuracy or completeness.
Read the
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before responding to any ad.
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