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#4934
Area: San Francisco East Bay

Water Front High Volume Restaurant and Bar For Sale

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

ABOUT THE OPPORTUNITY: If you're a turn-a-round artist in the restaurant business, or if you think you have the skills to turn-a-round a $4.2 million revenue restaurant, then you've got to look at this business as an absolute steal at this price.  If this restaurant simply met industry standards cost management, the cash flow would be $750,000, making this restaurant worth $2,000,000.  The hard work is done, the revenues are north of $4 million with a rent factor in 2016 of 5.5% with numbers like this, the restuarant ought to be earning $750,000 annually.  2017 revenues are in the same ballpark, so no we're not selling because we've lost volume. 

The issue is the owner has four restaurants and this one just isn't working for him in terms of being able to devote the time and energy to fix the problem.  He'd rather move-on.

WHAT'S THE OPPORTUNITY: So you ask, what's the opportunity, right!  Simply stated, labor costs are completely out of control running at 45% in 2016 and the restaurant needs a tough operator to turn it around. 

ABOUT THE LOCATION: This restaurant and bar is located in one of the Bay Area's hottest waterfront entertainment locations.  There s a big bar area where one can pack in the crowd with great entertainment.  There are large patios, yes with and S, with stunning views of the bay and docks in the area. There are banquet rooms for weddings and large parties. With about 9,000 Sq. St.  plus the patios, this restaurant has it all!

 

There is a type 47 liquor license - hard liquor, but it is shared. 

Since this is a very exclusive and private listing, that's all I can say. 

YOU MUST QUALIFY BEFORE ANY INFORMATION IS RELEASED.

HOW DO ONE QUALIFY? 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 in the 700's and an established net worth greater than $1.5 mil, proving your successful.  You'll need at least 30% down. Serious buyers only!  SBA Loan is possible here. 

 
This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #00893362
Listing Status:
Available
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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