Remodeled Nightclub & Cafe In Heart Of SOMA For Sale

Business description

Remodeled Night Club & Cafe in the Heart of SOMA w/ $195K+ Profit

RRC# 1394
Offered at: $495,000 (NEW PRICE REDUCTION)
Location: San Francisco, California
Revenue: $83,250 / month
Cash Flow: $16,333 / month

Listing Description:
A well located night club in the heart of SOMA with a history of strong sales and profits with a Place of Entertainment and Extended Hours Premises Permit (can stay open to 4a). There is a cafe attached which is included with the sale and if the buyer wishes he could sublease out the cafe operation. The club has several sections - 1) the primary bar area which contains a long bar and unique lighting system, 2) the dance area which has a DJ booth and large dance floor with distinctive light fixtures , 3) a separate room with a another DJ booth and dance floor and its own private entrance and 4) a uniquely designed self contained VIP room. There is also an adjoining cafe with full kitchen. Some of the equipment in the night club includes as follows: hand sink, 3 ice bins, 2 - 3 door under-counter refrigerators, 3 compartment sink, ice machine, 2 - 42" flat screen TV's, 3 cash registers, 2 compartment sink and 2 door under-counter glass refrigerator, etc. The cafe equipment includes as follows: full door glass refrigerator, type 1 hood with fire suppression system, 1' x 3' flat grill + 4 burners over oven, double basket fryer, 2'6" x 2'6" char grill, 2'6" x 2'6" flat grill, 4 burners and 2 full door freezer, etc. The landlord is installing a lot of new equipment in the cafe. The club also has security cameras throughout, 3 ADA bathrooms, 1 bathroom, storage rooms and a large office area.

General Information:
Organization: LLC
Seating: 209+
Square Foot/Size: 3,000 + 1,500 cafe
Parking: Street
License(s) Required: Business, ABC Type 47 (hard liquor), Place of Entertain License, Extended Hours
Days Open/Hours: 5 / T,Th,F, SA & some Sundays 9p/10p-2a

Lease Information:
Lease Rent: $7,735 all inclusive
Lease Expiration: 9/2016
Yearly Adjustment: Fixed increases
Lease Option: 5 years