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For Sale Asian Restaurant In San Francisco, California

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Contact: Jeffrey Ota at 415-272-5061, 415-272-5061 - Log In To Message/Email This Contact
Last Revised: 9/9/19. Posting #: 246041
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High SDC  
Key Words: asian, san francisco, convert
Financial Info: Price: $250,000. Down: $250,000. Adjusted Net: $190,242. Annual Revenues: $795,991. Rent: $6,900/month. Lease by 2021. Option: Negotiable. Security Deposit: $10,000. Property Tax: $1,500/year.
Profile: BBB#:1512
Asking Price: $250,000
Location: San Francisco, SF County, CA
Yearly Revenues: $795,991
Yearly Cash Flow: $190,242.10
Rent: $6,900/month

This fully equipped Asian restaurant with ABC beer & wine license, is located in a very desirable community in San Francisco Lower Nob Hill, with constantly high pedestrian and motorist traffic. It's very near union square. The restaurant at corner location, has excellent visibility and consistent sales over 27 years. This is long-time ownership. A prospective leasee may introduce their own menu and concept, or acquire the existing business name, menu and recipes with the sale and transfer of the FF&E. 16' hood installed, 1 grill, 3 woks, 1 fryer, 4 big gas burners, 2-door cooler, 3-door cooler, 2-sliding-glass door cooler, 2 of 2-door sandwich table, 3 of one-top door freezers, ice cream freezer, espresso machine, grease trap, dishwasher, 2-compartment-sink, hand-sink, mop sink, 2 of rice cookers, 2 of rice warmers. Plenty space storage is available on 2nd floor.

General Information:
Organization: Sole owner | Year Established: 1968 (approximately) | Current Owner: 1991 | Seating: 60 | Size: 2,000 sq. ft. | License Required: ABC 41 beer & wine license, Health & Business | Days Open/Hours: 7 days 11:30am to 10pm (Monday - Saturday), 1pm to 10pm on Sunday | Reason For Sale: Retired |

Financial Information:

Yearly Revenues: $795,991
Yearly Cash Flow: $190,242

Lease Information:
Rent: $6,900/month | Lease Expiration: 2021 | Lease Option/Extension: Negotiable | Security Deposit: $10,000 | Property Tax: $1,500/year |

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Contact: Mike Brewer at 800-437-1100   Log In To Message/Email This Contributor
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
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Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
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Contact: Tim Cunha at 650-600-3751, 650-204-1802 (Cell)   Log In To Message/Email This Contributor
Profile: I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a FREE business evaluation & SWOT analysis for your business anywhere in the USA.
Key Words: tim cunha, cunha, EvergreenGold, california, sf bay area, business broker, brokerage, san francisco, palo alto, santa clara county, contra costa county, alameda county, marin county, sonoma county, san mateo county
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