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#4934
Area: San Francisco East Bay

Major AAA Location - $4+ Mil Volume - Big Bar - Waterfront - Entertain

$499,000  
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To Visit This Restaurant Please Sign the NDA By Selecting the Link To Left "Sign NDA." 

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!

 
This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #00893362
Listing Status:
In Contract
Price:
$499,000
Location:
San Francisco East Bay
Last Year's Annual Gross:
$4,405,340
Last Year's Owner's Cash Flow:
$158,469
Lease Information:
Expires January 31, 2023 + 2 5 Year Options
Total Monthly Rent:
$19,000.00
Liquor License:
47
Indoor Seating:
238
Outdoor Seating:
110
# of Parking Spots:
Plenty
# of Full-Time Employees:
40
# of Part-Time Employees:
20
Hours Open:
6:45 am to 11pm
Year Established:
2013
Inside Sq. Ft.:
9000
Outside Sq. Ft.:
1000
Hood System Type 1:
Yes
Hood System Type 2:
Yes
Email:
Pass:

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Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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.


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