Lingba -prime Corner Neighborhood Restaurant/bar With Entertainment License Price And Rent Reduction
San Francisco, California
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Asking Price |
$165,000
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| Office Listing # | RECENTLY SOLD - 1418 |
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Revenue |
$90,000 / month
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Cash Flow |
Contact For Info
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Lease Rent |
$10,850 / month
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Square Feet |
2,200 |
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Listing Description |
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One of the key corners in the city with a restaurant and separate bar area with a Type 47 (full liquor) and Place of Entertainment License. This operation is one of the oldest continuously operated bar restaurants in the city since 1938. This uniquely designed business was recently remodeled at a cost of $300,000 and features a large glass frontage, high ceilings, skylights and a combination of banquette seating, booths and tables and chairs. THIS BUSINESS HAS THE ONLY FULL BAR/HARD LIQUOR LICENSE AND PLACE OF ENTERTAINMENT LICENSE IN THE ENTIRE NEIGHBORHOOD. There is tremendous upside for increased sales and profits with a new menu and concept. Some of the equipment includes as follows: 8' and 10' type 1 hoods with fire suppression systems, 3 - 6 burner units with ovens underneath, double basket fryer, salamander, 1'6" x 1'6" char grill, 4 - 3 door undercounter refrigerators ( 2 with sandwich stations), 10' x 10' walkin refrigerator, ice machine, 2 full door freezer, Aloha POS system with 3 monitors and 4 printers, 3 compartment sink, 2 ice wells, and 4 taps, etc. There are also two ADA restrooms, a large office with large safe and storage areas. NO BROKER COOP
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General Information
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Organization: |
Corporation
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Year Established: |
Contact For Info |
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Current Owners: |
Contact For Info |
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# of Employees: |
Contact For Info |
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Seating: |
90 |
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Square Feet: |
2,200 |
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Parking: |
Street |
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License(s): |
ABC Type 47 (Hard Liquor), Place of Entertainment, Business |
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Day & Hours Open: |
7/ M-F Lunch 11:30a-2:30p Dinner 7 nights 5:30-10p Lounge open to 2am |
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Reason For Sale: |
Other interests |
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Financial Information |
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Revenue: |
$90,000 / month |
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Cash Flow: |
Contact For Info |
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Payroll: |
Contact For Info |
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Inventory: |
Contact For Info |
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FF & E: |
Contact For Info |
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Lease Information |
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Lease: |
$10,850 / month |
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Expiration: |
5 years |
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Yearly Adjustment: |
CPI
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Option: |
5 years |
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Security Deposit: |
Not Available
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Financing Information: |
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Down Payment: |
Contact For Info |
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All Cash: |
Contact For Info |
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Note Balance: |
Contact For Info |
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Rate/Term of Note: |
Contact For Info |
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To access this webpage directly, use:
http://www.restaurants-for-sale.com/newsite/rro/listingview.asp?id=14325
Disclaimer
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listing has been provided by
the seller or broker stated
in the contact section of
the listing profile. As
such, Restaurants For Sale
Online, LLC has no claim in
the sale of this business
and has not independently
verified any of such
information and assumes no
responsibility for its
accuracy or completeness.
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