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Multi - Functional Event Venue - Kitchen & Brewery
Location: United States -> California -> Northern California - Bay Area -> San Francisco
Industry: Bars and Nightclubs > Bars and Pubs




Business Summary

Multi-functional Event Venue With Kitchen And Brewery In San Francisco's Soma District; Low Rent

RRC#: 3858
Asking Price: Price Negotiable
Location: San Francisco Annual Revenue: $695,193
Annual Cash Flow: $93,876
Monthly Rent: $10,143

Listing Description:
Event venue with kitchen and functioning brewery in San Francisco's SOMA district for sale. It holds an ABC type 75 license, which allows for the brewing of beer as well as hard alcohol, beer and wine sales. The space is modern, well-built, and expertly maintained, and displays contemporary art. The space includes a foyer or main reception area which has a small bar, large main theater/great room, the room is equipped with state of the art audio and visual components. The main bar area and kitchen are also on the main floor. Upstairs you will find a lounge loft area with a smaller bar and a separate VIP or green room and office space. The current owner has mainly used the space for private and corporate parties, and other gatherings and once covid restrictions are lifted the new owner could open the space to the public for club or live music events. Under COVID conditions, the space could be converted and utilize the brewery and kitchen for use as a restaurant/bar/brewery, or the space could host a ghost kitchen for virtual brands or catering/commissary kitchen. At less than $1 per square foot, the rent is well below current market rates, and the current lease expires in January 2025. The space has a tremendous amount of opportunity to use now and into the future. A full equipment list and audio and visual components are available upon request.

General Information:
Established: 2012
Current Owner: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interest

Financial Information:
Monthly Revenue: $57,932
Monthly Cash Flow: $7,823
Annual Revenue: $695,193
Annual Cash Flow: $93,876
Payroll: Contact For Info

Square Feet: 11,600
Parking: Metered Street Parking


Financials

Asking Price Range:  < $250K
Gross Revenues:   $695,193
Cash Flow:   $93,876
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2012
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Reason For Selling:  Other Interests




Print Listing Id: 700355013
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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