Profitable Restaurant/Coffee Shop in Vibrant Nob Hill
| Asking Price: | $449,000 |
| Gross Revenue: | $1,150,000 |
| Cash Flow: | $206,000 |
This well known, and well-run restaurant is known for its "farm-to-table” dining experience. A full-service American restaurant, it is open for breakfast, lunch and weekend brunch. Since 2020, gross revenues have grown from $307,000 to $1,143,842—a multiple of almost 3.75. Seller Discretionary Earnings have been consistently more than 20% of gross sales, with a slight drop in 2023 to 18% as the owner began exploring personal relocation plans.
Bar menu includes cocktails, champagne and beer. The locale supports seating for approximately 46 diners indoors and 60 in the outdoor patio area.
The restaurant has successfully grown to accommodate increased business. There are established systems, policies and procedures in place that contribute to profitability and should enable a smooth transition to a new owner. The restaurant operates under a modified owner/operator model and could easily be adapted for an absentee owner. Future growth options include expanding operating hours and adding dinner service.
Efficient and functional kitchen comes equipped with all furniture, fixtures and equipment necessary to operate. It is a turn-key opportunity. Inventory at time of close is incremental to asking price.
The restaurant’s performance justifies a higher than median multiplier for both Seller Discretionary Earnings (SDE) and Gross Revenues. However, the owner is motivated to sell in order to move on to a new project, resulting in a highly competitive listing price.
