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This is a BIG TIME opportunity for experienced operators with solid managerial skills and vision.

This fine dining restaurant sits directly on the water overlooking the bay in a PRIME location that is one of the Bay Areas most visited attractions and draws more than 3 million tourists per year. It is also a favorite dining spot for locals as well.

The restaurant, which features California and Italian cuisine, has a beautifully appointed dining room, huge bar area, two prime outdoor patios as well as banquet rooms. There is also a quick=serve coffee house with plenty of foot traffic walking past its doors throughout the day.

2018 revenues will be approximately $4.2 million and this marks the fourth year in a row they have exceeded $4 million. The $4.2 million in sales is FAR below the potential of the kitchen and location and proper marketing could substantially increase revenue to perhaps as much as $8 million or more.

2017 adjusted net is approximately $286,000. Labor costs are the “elephant in the room” and were approximately 46% in 2017. A full-time owner operator with labor management skills could have an immediate impact on the profitability and bottom line of the restaurant by properly managing scheduling and start and stop times for hourly employees. In addition, this is not the current owners primary business and he only works one to two days a week at the restaurant and we all know “when the cats away...”.

Each point is more than $40,000 per year so a combined 3% reduction in food and/or labor costs would equate to more than $120,000 per year in additional profit. A 5% reduction would equate to an additional $200k per year. Put this on the adjusted cash flow of $286k and you are making nearly $500,000 per year in profit.

Additional Notes:

This opportunity will qualify for SBA financing with 20% down and relevant industry experience.

PRICE EXCLUDES $50,000 +or- of Consumable Inventory. 

There is a type 47 – hard liquor license that is shared with the landlord. This is not included with the assets of the purchase but you will be placed on the license.

Some of the assets are Landlord owned while others are Seller owned. This will be clarified with the FF&E inventory.

It is a 6% lease with a banquet agreement helping drive the overall rent factor to about 5.5%.

SELLER IS FIRM ON PRICE. NO NEGOTIATION! DON'T BOTHER.

This is a very exclusive and private listing for SERIOUS BUYERS and you must be pre-qualified before any detailed information is released.

HOW DOES ONE QUALIFY? As a qualified buyer you'll need to have successfully managed or owned a HIGH VOLUME restaurant and bar for several years. In addition, you'll need a FICO score in the 700's and an established net worth greater than $1.5 mil

It is a 6% lease with a banquet agreement helping drive the overall rent factor to about 5.5%.

This is a very exclusive and private listing for SERIOUS EXPERIENCED HIGH NET WORTH BUYERS ONLY.

You must qualify before any detailed information is released.

WHAT DOES IT TAKE TO QUALIFY? As a qualified buyer you'll need to have deep and successful restaurant and bar experience in a high volume environment for several years. In addition, you'll need a FICO score in the 700's and an established net worth greater than $1.5 mil. This opportunity will qualify for SBA financing with 20% down and relevant industry experience.

Demographics

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