Outer Sunset Destination Restaurant With Consistent Revenue And Profit

San Francisco, CA (San Francisco County)

Outer Sunset Destination Restaurant With Consistent Revenue And Profit
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Asking Price: N/A

Cash Flow: $316,414

Gross Revenue: $3,503,586

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $7,117 per Month

Established: 2009

Outer Sunset Destination Restaurant With Consistent Revenue And Profit

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Business Description

Outer Sunset Destination Restaurant With Consistent Revenue And Profit

RRC#: 3913
Asking Price: Price Negotiable
Location: San Francisco
Annual Revenue: $3,503,586
Annual Cash Flow: $316,414
Monthly Rent: $7,117

Listing Description:
Highly rated restaurant in San Francisco’s Outer Sunset for sale. This restaurant has garnered high reviews and critical acclaim, and is as well-known for its design as for its food.

In the past, the restaurant drew crowds for lunch, dinner, breakfast on the weekdays, and brunch and dinner on the weekends. As the recovery from the pandemic gains momentum, it has the potential to do great business seven days a week once again.

This restaurant is both a neighborhood gem and a destination for diners from all parts of San Francisco and beyond. Near Ocean Beach and other attractions, a meal here is always a day-changer. Close to public transportation, with plenty of street parking in the area.

There is a heated outdoor patio area which seats up to 20, with an established additional parklet which seats 12, socially distanced. The space could accommodate an additional parklet, which would increase the outdoor seating capacity to 45. There is also a parking space which could be designated for pick up and delivery.

The business holds an ABC Type 47 full liquor license which is included as part of the sale The kitchen is fully equipped and a full equipment list is available upon request.

The current lease in place is below market rate for the area and runs through October 2021. There are two options to renew, one for 5 years with fixed increases, and one for 4 years at fair market value. The lease also holds a first right of refusal giving the option to purchase the building if it were to become available.

The restaurant has demonstrated consistent success. The three-year average for sales is $3,549,719, and seller’s discretionary cashflow average is $472,605 for the three years prior to the pandemic.

As part of this sale the sellers will assist in a thorough training and onboarding to set the buyers up for success.

General Information:
Established: 2009
Current Owner: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $291,965
Monthly Cash Flow: $26,367
Annual Revenue: $3,503,586
Annual Cash Flow: $316,414
Payroll: Contact For Info

Square Feet: 1900
Seating: 49 Inside and 45 Outside
Hours: 9am - 3pm & 5pm - 10pm Daily
Parking: Street Parking

Detailed Information

Location:
San Francisco, CA
Real Estate:
Leased
Building SF:
1,900
Lease Expiration:
10/1/2021
Reason for Selling:
Other Interests
Contact Seller

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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Ad#:1831470

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