Last Revised: 9/9/19. Posting #: 246041
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.
Asking Price: $250,000
Location: San Francisco, SF County, CA
Yearly Revenues: $795,991
Yearly Cash Flow: $190,242.10
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.
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 |
Yearly Revenues: $795,991
Yearly Cash Flow: $190,242
Rent: $6,900/month | Lease Expiration: 2021 | Lease Option/Extension: Negotiable | Security Deposit: $10,000 | Property Tax: $1,500/year |
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