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Listing ID: 2938270

Remodeled Cocktail Lounge; ABC 48 License; Corner Location; Lots of Upside For Sale

San Francisco County, San Francisco, California, United States

$ 450,000

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

Remodeled Cocktail Lounge; ABC 48 License; Corner Location; Lots of Upside

RRC#: 3106
Asking Price: Offered At $450000
Location: San Francisco
Annual Revenue: Contact For Info
Annual Cash Flow: Contact For Info
Monthly Rent: $7,500

Listing Description:
This is a rare opportunity to purchase a Type 48 Cocktail Lounge in a desirable corner location which has been remodeled. There is also a full kitchen with type 1 hood if someone wants to serve food which is not currently been used. The owners are also the landlord of the building. They are willing to offer a five year lease plus a five year option. The business has a long bar with 24 bar stools in the bar area and in addition there is a back lounge room which has games and lounge seating. Some of the equipment includes as follows: 2 hand sinks, 2 ice bins, 8′ beer box, 3 door undercounter refrigerator + 3 taps, 2 -3 compartment sinks, 6 flat screen TV’s, ice machine, 9′ type 1 hood, 3′ flat grill + 6 burners over 2 ovens, 2 full door refrigerators, microwave, 2 full door glass refrigerator. The jukebox and pool table are owned by an outside vendor and the revenue is split 50/50. There is upside for expanded hours as the current operator is not maximizing the operation and do zero marketing and are amateur operators. An experienced buyer could greatly increase sales. There are several storage spaces, an office space and 2 ADA restrooms. The value of the license alone is approximately $275,000 by itself. NO BROKER COOP.

General Information:
Organization: Sole Proprietorship
Established: Contact For Info
Current Owner: Contact For Info

Property Details

Property Type:

Lease

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