Qualified Buyers Only!
This restaurant and bar is located in the Bay Areas hottest waterfront location and features more than $4.4 million in annual sales in 2015. How's that for a great beginning!
And if that doesn't get your attention, perhaps this will. If you're able to remedy the high labor cost issue, which the absentee owner is working on as I write, then this is a legal bank robbery at this price! Fix the labor cost issue and you'll earn greater than $600,000+ a year on a less than $500,000 investment. The total labor costs for 2015 is greater than 46%...see what I mean. The rent factor is in the 5% range while the food and beverage costs aren't too bad at the 27% range. So a good operator ought to make at least 15% on those numbers! Let me do the math using 2015 revenues, that's a profit of $660,000!
The owner has two other restaurants taking his attention away from this one, but the product, service and look and feel of the restaurant is certainly a success story in the area as the high revenues indicate.
There is no doubt the restaurant needs a full court press to turn it into the cash cow it should be.
There is a type 47 liquor license - hard liquor. Big bar area! Big Patio. Lots of waterviews.
Since this is a very exclusive and private listing, that's all that can be said about it.
YOU MUST QUALIFY BEFORE ANY INFORMATION IS RELEASED.
ARE YOU QUALIFIED? As a qualified buyer you'll need to have deep and successful restaurant and bar experience in a high volume environment with a FICO score well into the 700's and an established net worth proving your success. You'll need at least 30% down. Serious buyers only!
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