Restaurant in the Mission with Outdoor Seating for 60; $1 Million + in

San Francisco, CA (San Francisco County)

Restaurant in the Mission with Outdoor Seating for 60; $1 Million + in
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Asking Price: $149,000

Cash Flow: $100,016

Gross Revenue: $1,038,197

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $7,874 per Month

Established: 2015

Restaurant in the Mission with Outdoor Seating for 60; $1 Million + in

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Business Description

Restaurant in the Mission with Outdoor Seating for 60; $1 Million + in Sales; $100,000 Net Profit

RRC#: 3693
Price Reduced: Offered At $149,000
Location: San Francisco County
Annual Revenue: $1,038,197
Annual Cash Flow: $100,016
Monthly Rent: $7,874

Listing Description:
Restaurant for sale in the heart of San Francisco’s Mission District. The restaurant sits on a busy block, near other successful restaurants, bars, and retails shops, in addition to a movie theater. It is close to MUNI bus lines, and to a BART station. There is significant foot traffic in this area seven days a week, throughout the day and into the evening.

The interior is beautifully designed, with a look that blends the contemporary with the historic. The space has two main dining areas, one of which is connected to the bar, which gives it a more lounge-like feel. The other dining area can be subdivided to accommodate private parties. There is bar seating area and a open-air kitchen on the front line with a prep area in the back of house. The seating between the two dining areas and bar can accommodate 86. With the new San Francisco Shared Spaces for restaurants as well as a new parklet,  the restaurant can accommodate 60 outdoor seats.

The menu features modern, seasonal comfort food, along with wine, craft beer, and wine-based cocktails. It has extremely high Google and Yelp reviews, and has been featured on a local television program that reviews restaurants.

The sales for 2019 were $1,038,197 and has a Sellers discretionary earnings (profit) of $100,016 for 2019 and has enjoyed very consistent sales for the three years prior, 2016 - $1,297,260, 2017 - $1,298,222, 2018 - $1,232,214.

The lease is reasonably priced for a restaurant of this size in this location. There is a five year option included. The landlord would consider another five year option for the right buyer.

The restaurant comes equipped with the following; 12' Type 1 hood and venting, 4 burner stove with oven and a 6 burner stove with oven, flat top grill, charbroil grill, salamander, 2 fryers, 2 door reach-in refrigerator, 4 door reach in refrigerator, a 3 door and 2 door under-counter refrigerator with prep, 6 beer tap system with keg refrigerator, 4 door beverage cooler, ice machine and dishwasher

The restaurant comes with a parking space and has additional storage in the basement. There are two ADA restrooms.

If you are interested in viewing the restaurant during the shelter in place we can provide a video tour.

General Information:
Organization: LLC
Established: 2015
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $86,516
Monthly Cash Flow: $8,334
Annual Revenue: $1,038,197
Annual Cash Flow: $100,016
Payroll: Contact For Info

Detailed Information

Location:
San Francisco, CA
Real Estate:
Leased
Building SF:
2,600
Lease Expiration:
12/1/2020
Facilities:
Parking: metered street Seating: 86 Inside and 60 Outside Licenses Required: Health, Business and Beer and Wine Security Deposit: $15,189 Lease Option: Two Five Year Options Yearly Adjustment: Fixed
Reason for Selling:
Other Interests
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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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