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Quality Seafood Restaurant In The City

San Francisco, California : Restaurants
Listing #3033

Quality Seafood Restaurant In The City With $154,000 In Annual Profits And High Visibility Location. RRC#: 3033 Asking Price: $295,000 Location: San Francisco, San Francisco County, California Yearly Revenue: $1,445,964 Yearly Cash Flow: $154,404 Monthly Rent: $3,827 LISTING DESCRIPTION: $295,000 for this quality Seafood restaurant situated in a busy area of the City with $154,000 in annual profits and extremely low rent at only 3% of the annual $1.4 million sales. Completely remodeled in 2014 to include a cozy private dining room, open full kitchen and modern industrial decor, see the photo''s. The kitchen has a 10ft Type 1 hood with fire suppression system, burners, ovens, fryer, grill, refrigerated work tops and seafood ice display all make for a cozy but fully functional cooking space. The 1,000 sq ft plus outdoor seating dining room and kitchen is easy to maintain and has a modern ambiance with seating for 45. The beer and wine license is ample for their needs and style. The comprehensive menu has an excellent local reputation for using the freshest of ingredients and makes a comfortable 10% annual return on sales and with the owners being quasi-absentee. The lease expires in 2020 but after successful negotiations with the landlord an extension beyond this time will ensure a positive future growth. Please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We’ll also send you the Broker''s contact information so you can discuss this opportunity in more detail. GENERAL INFORMATION: Organization: LLC | Year Established: 1990 | Current Owner: 2014 | Employees: 19 | Seating: 45 | Square Footage: 1000 + Outdoor Dining | Parking: Street | Licenses Required: Health, Business & ABC Type 41 License | Days Open/Hours: 11.00am - 10.00pm Daily | FINANCIAL INFORMATION: Yearly Revenues: $1,445,964 | Yearly Cash Flow: $154,404 | Payroll: $47626 | LEASE INFORMATION: Monthly Rent: $3,827 | Lease Expiration: 12/31/2020 | Yearly Adjustment: 4% | Lease Option: Negotiable | Security Deposit: 1700 |

Asking Price:

$295,000

Gross Income:

$1,445,964

(last 12 months)
Cash Flow:

$154,404

(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

Quality Seafood Restaurant In The City With $154,000 In Annual Profits And High Visibility Location.

RRC#: 3033
Asking Price: $295,000
Location: San Francisco, San Francisco County, California
Yearly Revenue: $1,445,964
Yearly Cash Flow: $154,404
Monthly Rent: $3,827

LISTING DESCRIPTION:
$295,000 for this quality Seafood restaurant situated in a busy area of the City with $154,000 in annual profits and extremely low rent at only 3% of the annual $1.4 million sales. Completely remodeled in 2014 to include a cozy private dining room, open full kitchen and modern industrial decor, see the photo''s. The kitchen has a 10ft Type 1 hood with fire suppression system, burners, ovens, fryer, grill, refrigerated work tops and seafood ice display all make for a cozy but fully functional cooking space. The 1,000 sq ft plus outdoor seating dining room and kitchen is easy to maintain and has a modern ambiance with seating for 45. The beer and wine license is ample for their needs and style. The comprehensive menu has an excellent local reputation for using the freshest of ingredients and makes a comfortable 10% annual return on sales and with the owners being quasi-absentee. The lease expires in 2020 but after successful negotiations with the landlord an extension beyond this time will ensure a positive future growth. Please complete the ‘Non Disclosure Agreement’ on our site and we will send you the name and address with the full financial information, lease & the list of equipment included with the purchase. We’ll also send you the Broker''s contact information so you can discuss this opportunity in more detail.

GENERAL INFORMATION:
Organization: LLC | Year Established: 1990 | Current Owner: 2014 | Employees: 19 | Seating: 45 | Square Footage: 1000 + Outdoor Dining | Parking: Street | Licenses Required: Health, Business & ABC Type 41 License | Days Open/Hours: 11.00am - 10.00pm Daily |

FINANCIAL INFORMATION:
Yearly Revenues: $1,445,964 | Yearly Cash Flow: $154,404 | Payroll: $47626 |

LEASE INFORMATION:
Monthly Rent: $3,827 | Lease Expiration: 12/31/2020 | Yearly Adjustment: 4% | Lease Option: Negotiable | Security Deposit: 1700 |


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