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Neighborhood Italian Restaurant

San Francisco, California : Restaurants
Listing #3042

Neighborhood Italian Restaurant With Loyal Following $160,000 Profit RRC#: 3042 Asking Price: $359,000 Location: San Francisco County, San Francisco County, California Yearly Revenue: $777,600 Yearly Cash Flow: $161,160 Monthly Rent: $5,796 LISTING DESCRIPTION: This popular neighborhood Italian restaurant is located on a corner of a busy street of San Francisco that has a lot of foot traffic and car traffic. They serve classic Italian dishes, including pizzas and pastas. The restaurant seats up to 70. In addition to having a loyal local following, this restaurant has high reviews on both Google and Yelp. They were featured on an episode of "Check Please," a show on local television dedicated to reviewing Bay Area restaurants. The business opened its doors in 1987 and has been family owned ever since. Three years ago, it moved to the current location, and the owners spent $300K on a remodel, which included the installation of a new type 1 hood. The compressor for the walk-in refrigerator is also new. There is potential to grow the business by increasing lunch sales and leveraging the room that is available for private parties. There is a large downstairs basement area that is used for storage and office space. Equipment that includes, 12 burner stove with ovens, 12' hood type 1 hood, 2 one door under counter refrigerator, coffee brewer, espresso machine, ice cream freezer, ice machine, dishwasher, salad prep with two door under counter refrigerator, 3 comp sink, 3 reach in freezer, walk in refrigerator. There are also ADA restrooms. GENERAL INFORMATION: Organization: Corporation | Year Established: 1987 | Seating: 70 | Square Footage: 1800 | Parking: Street | Licenses Required: ABC Type 47, Health and Business | Days Open/Hours: 5pm-9:30pm Sunday-Thursday 5pm-10pm Friday/Saturday | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $777,600 | Yearly Cash Flow: $161,160 | LEASE INFORMATION: Monthly Rent: $5,796 | Lease Expiration: 2021 | Lease Option: 5 Year Option | Security Deposit: 15000 |

Asking Price:

$359,000

Gross Income:

$777,600

(last 12 months)
Cash Flow:

$161,160

(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

Neighborhood Italian Restaurant With Loyal Following $160,000 Profit

RRC#: 3042
Asking Price: $359,000
Location: San Francisco County, San Francisco County, California
Yearly Revenue: $777,600
Yearly Cash Flow: $161,160
Monthly Rent: $5,796

LISTING DESCRIPTION:
This popular neighborhood Italian restaurant is located on a corner of a busy street of San Francisco that has a lot of foot traffic and car traffic. They serve classic Italian dishes, including pizzas and pastas. The restaurant seats up to 70. In addition to having a loyal local following, this restaurant has high reviews on both Google and Yelp. They were featured on an episode of "Check Please," a show on local television dedicated to reviewing Bay Area restaurants. The business opened its doors in 1987 and has been family owned ever since. Three years ago, it moved to the current location, and the owners spent $300K on a remodel, which included the installation of a new type 1 hood. The compressor for the walk-in refrigerator is also new. There is potential to grow the business by increasing lunch sales and leveraging the room that is available for private parties. There is a large downstairs basement area that is used for storage and office space. Equipment that includes, 12 burner stove with ovens, 12' hood type 1 hood, 2 one door under counter refrigerator, coffee brewer, espresso machine, ice cream freezer, ice machine, dishwasher, salad prep with two door under counter refrigerator, 3 comp sink, 3 reach in freezer, walk in refrigerator. There are also ADA restrooms.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 1987 | Seating: 70 | Square Footage: 1800 | Parking: Street | Licenses Required: ABC Type 47, Health and Business | Days Open/Hours: 5pm-9:30pm Sunday-Thursday 5pm-10pm Friday/Saturday | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $777,600 | Yearly Cash Flow: $161,160 |

LEASE INFORMATION:
Monthly Rent: $5,796 | Lease Expiration: 2021 | Lease Option: 5 Year Option | Security Deposit: 15000 |


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