Turn-Key SF Mission Location; Favorable Low Rent/Long-Term Lease

San Francisco, CA (San Francisco County)

Turn-Key SF Mission Location; Favorable Low Rent/Long-Term Lease
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Asking Price: $125,000

Cash Flow: N/A

Gross Revenue: $1,457,963

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $7,205 per Month

Established: N/A

Turn-Key SF Mission Location; Favorable Low Rent/Long-Term Lease

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Business Description

Turn-Key SF Mission Location; Favorable Low Rent/Long-Term Lease; Recent Build-Out

RRC#: 3582
Price Reduced: offered at $125,000
Location: 598 Guerrero St., San Francisco
Annual Revenue: $1,457,963
Annual Cash Flow: Contact For Info
Monthly Rent: $7,205

Listing Description:
Newly renovated location with an excellent lease on a busy corner in San Francisco’s hip Mission District. The business is situated in a trendy part of town that is frequented by locals and tourists alike, near Tartine Bakery, BiRite Market, Delifina Pizza and close proximity to Dolores Park. It is accessible by MUNI and BART.
The current name, concept, and menu are not included in the sale. The sale of this location presents an excellent opportunity for a concept to purchase a turn-key operation that is ready for action. The recent renovations to the space increase the location’s capacity for food production, thus enhancing its ability to capitalize on delivery business. The sale includes a beer and wine license that covers both on- and off-site sales, meaning alcohol can be sold with all delivery and to-go orders. This significantly enhances the opportunity to generate revenue through food delivery app-based business.
The current lease goes through 2028 with fixed yearly increases, and has two five-year options. The street-level space is 1,105 sqft, the mezzanine is 278 sqft, and the basement is 750 sqft for a total of 2133 sqft; the total monthly rent including common area charges and NNN is $7205.
The extensive list of specific recent upgrades includes the following: – All new flooring – New entry ramp to code – Custom white oak counters – New interior and exterior paint job – Custom light fixtures and new lighting throughout – New security system including six cameras – New sound system – Ceilings and some walls layered with sheetrock to meet fire code – Stairs to mezzanine rebuilt to code – All new plumbing – All new electrical – New ansul system – New exhaust fan on roof – Addition of employee bathroom – All lighting and mechanical brought to Title 24 code requirements – Customer restroom brought to current ADA standards – Office outfitted with full IT capabilities.
The following equipment is included in the sale: One type-one hood in the kitchen with all hot-line equipment including fryer, stove, and oven. Additional type-one hood on the front line with a brand-new rotisserie. One Rational Combi oven. Brand-new, large walk-in refrigerator. Two-door reach-in freezer. Under-counter fridge with prep. Additional under-counter fridge. One-door beverage cooler. Traulsen quick-chiller.
A full list of equipment and renovations is available upon request.

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

Financial Information:
Monthly Revenue: $112,151
Monthly Cash Flow: Contact For Info
Annual Revenue: $1,457,963
Annual Cash Flow: Contact For Info
Payroll: Contact For Info

Detailed Information

Location:
San Francisco, CA
Real Estate:
Leased
Building SF:
2,133
Lease Expiration:
N/A
Facilities:
Parking: street Hours: 11am - 9pm Daily Seating: 45 Security Deposit: $10,000
Financing:
Lease Option: 2 five year options negotiable
Reason for Selling:
Other Interests
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Business Location


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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#:1716276

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