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Newly Remodeled Restaurant In Hip San Francisco Location Low Rent

San Francisco, California : Restaurants
Listing #3001

Newly Remodeled Restaurant In Hip San Francisco Location Low Rent RRC#: 3001 Asking Price: $229,900 Location: San Francisco County, San Francisco County, California Yearly Revenue: $456,000 Yearly Cash Flow: $104,400 Monthly Rent: $3,895 LISTING DESCRIPTION: This restaurant is situated on a busy block in one of San Francisco's hottest neighborhoods. The location is a lively retail area with heavy foot traffic 7 days a week in both daytime and evenings. The restaurant has been open for less than one year in its current form, and the owner spent $300K on the recent build out. All of the equipment, furnishings, and decor are less than one year old. The lease is very favorable it features low rent and two five- year options at the end of the current terms. The current owner has very little restaurant experience, and although the business is currently profitable, there is the potential for significant growth for an operator who has restaurant experience and enthusiasm for building a business. The current concept is fast-casual Middle Eastern food - this could be left the same or modified easily based on the preferences of a new owner. The equipment includes an Alto-Sham combi oven with three separate compartments, which allows for cooking at three different temperatures in each compartment simultaneously. There are also two fryers a 10' type 1 hood a grill, a one-door refrigerator a two-door refrigerator a one-door freezer a one-door under-counter refrigerator two counter-top stoves a prep station with a three-door under-counter refrigerator another three-door under- counter refrigerator a three-comp sink. GENERAL INFORMATION: Organization: Sole Proprietorship | Year Established: 2017 | Current Owner: 2017 | Employees: 3 Fulltime 2 Partime | Seating: 20 | Square Footage: 1100 | Parking: Street | Licenses Required: Beer and Wine, Health and Business | Days Open/Hours: 11am - 9pm Monday - Friday 12pm-9pm Sat 12pm-7pm Sun | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $456,000 | Yearly Cash Flow: $104,400 | LEASE INFORMATION: Monthly Rent: $3,895 | Lease Expiration: 2022 | Yearly Adjustment: 2.5% | Lease Option: 2 five year options | Security Deposit: 8000 |

Asking Price:

$229,900

Gross Income:

$456,000

(last 12 months)
Cash Flow:

$104,400

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Newly Remodeled Restaurant In Hip San Francisco Location Low Rent

RRC#: 3001
Asking Price: $229,900
Location: San Francisco County, San Francisco County, California
Yearly Revenue: $456,000
Yearly Cash Flow: $104,400
Monthly Rent: $3,895

LISTING DESCRIPTION:
This restaurant is situated on a busy block in one of San Francisco's hottest neighborhoods. The location is a lively retail area with heavy foot traffic 7 days a week in both daytime and evenings. The restaurant has been open for less than one year in its current form, and the owner spent $300K on the recent build out. All of the equipment, furnishings, and decor are less than one year old. The lease is very favorable it features low rent and two five- year options at the end of the current terms. The current owner has very little restaurant experience, and although the business is currently profitable, there is the potential for significant growth for an operator who has restaurant experience and enthusiasm for building a business. The current concept is fast-casual Middle Eastern food - this could be left the same or modified easily based on the preferences of a new owner. The equipment includes an Alto-Sham combi oven with three separate compartments, which allows for cooking at three different temperatures in each compartment simultaneously. There are also two fryers a 10' type 1 hood a grill, a one-door refrigerator a two-door refrigerator a one-door freezer a one-door under-counter refrigerator two counter-top stoves a prep station with a three-door under-counter refrigerator another three-door under- counter refrigerator a three-comp sink.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 2017 | Current Owner: 2017 | Employees: 3 Fulltime 2 Partime | Seating: 20 | Square Footage: 1100 | Parking: Street | Licenses Required: Beer and Wine, Health and Business | Days Open/Hours: 11am - 9pm Monday - Friday 12pm-9pm Sat 12pm-7pm Sun | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $456,000 | Yearly Cash Flow: $104,400 |

LEASE INFORMATION:
Monthly Rent: $3,895 | Lease Expiration: 2022 | Yearly Adjustment: 2.5% | Lease Option: 2 five year options | Security Deposit: 8000 |


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