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#1202
San Francisco Restaurants For Sale

First Class Italian Restaurant in Center of Town in Upscale Wine Country

$275,000
First Class Italian Restaurant in Center of Town in Upscale Wine Country
This Listing is Expired
SellingRestaurants presents this stunning Italian Restaurant. This Restaurant is located on the corner and in the center of a thriving Wine Country town location with an extremely upscale community of local business, residents as well as tourists. The whole restaurant is beautifully appointed with inside and outside seating and has a beautiful roll away awning on all sides. French Windows open up to the street and outdoor dining. Very high street corner visibility. This location is truly amazing and one of the best yet. Some major projects are already in construction. An extremely upscale Hotel Resort was just given approval for building in the Downtown area with ground breaking for that project starting in the Fall. This project will be 5 blocks from this restaurant.
Also the state/county will be allowing 15 new "full" liquor licenses to be taken out and applied for starting in '09. So any potential buyer can for $12,000 get into a lottery and possibly get a full license. The redevelopment around is stunning and will become the only location worth having in this highly populated upscale town center. This is your opportunity to operate your very own Italian/Coffee/Deli/Ice Cream restaurant, with includes a type 41 Beer and Wine License. Presently the owners operate the business breakfast, lunch and dinner. The business has been in the present ownership for 4 years. The Lease is attractive, with 3yrs remaining and a further 2 x 1 yr options. 1250 sq ft and the total rent is a mere $3400 per month, representing such great value for the location. Operational hours presently are 8:00am - 8:00pm daily. There is huge potential to increase profitability by extending operating hours and gaining an evening Bar crowd. Monthly sales are available upon request.

TAKE THE NEXT STEP. Select the bright orange button below title "want name and address." Register if you're a new client and sign the online "Confidential Agreement." Then contact the Agent directly via email, submitting your experienced Resume and financial ability to purchase. This will also place you on our exclusive Buyer's e-mail list, giving you first look at our new listings.
Sacramento Regional Manager Keith Simpson

Lease

Region:
San Francisco Restaurants For Sale
Lease Term:
Expires 2011 + 2 x 1 yr options
Total Monthly Rent:
$3,400
Security Deposit:
$3,000

Financials

Last Year's Annual Gross:
$377,146
Last Year's Food Cost %:
27
Last Year's Payroll Cost %:
28
Last Year's Rent %:
10.8

Operations

Liquor License:
41
# of Full-Time Employees:
5
# of Part-Time Employees:
5
Hours Open:
8.00am - 8.00pm Daily
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
45
Outdoor Seating:
20
Inside Sq. Ft.:
1,250
Outside Sq. Ft.:
600

Highlights

  • The Best Location in the Center of Town
  • Extremely Upscale wine country town
  • Inside and Outdoor seating
  • Full Kitchen and could be even more Upscale
  • Restaurant is Beautifully Appointed
  • Fully Operational and ready to go
  • Huge redevelopment currently in town center
  • Great Curb appeal
  • Attractively laid out
  • Ample parking
  • Bright and Clean
  • A Real Gem for Buyers looking to move from the City

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 5-mi
2014 Total Population 28,331
Households 5-mi
2010 Number Of Households 10,131
2010 Persons Per Household 2.61
Median House Value $415,200
Income Per Household $56,895
Businesses 5-mi
2009 Number Of Businesses 1,037
2012 Number Of Employees 23,722
2012 Total Annual Payroll $451,647,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.

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