CompassFirst.com sent me an update about two local eateries that are for sale:
- Miso Hungry: “$199,000. Downtown restaurant on East Canon Perdido – site of the former Miso Hungry. Sandwiched between several successful businesses on a high traffic corridor, with Handlebar Coffee, Rudy’s Fresh Mexican, and the Pickle Room next door. Strong local clientele, with a large concentration of accountants, attorneys and business banks within two blocks. Tourist traffic is driven to Canon Perdido to see the historic Presidio park (across the street) and the site of the oldest adobe in California. Traffic counts exceed 18,000 per day. Includes full hood system, health department approved kitchen, outdoor storage area, large communal grease trap, and a Type 41 beer and wine license. Eight year lease provides excellent protection for investors.”
- Late Night Mac N Cheese: “$58,000. Concert Concession Kitchen and Late Night Soul Food. Streamlined popular menu with a cult following. Open and operating for over 6 years. Open to the public three nights a week, plus food and concessions to concerts hosted at Velvet Jones, with a 400 person capacity venue. This captured audience combined with State Street foot traffic creates a nice profit for the owner, and a sustainable business model. Rent, utilities and trash are a combined flat rate of $2,600 per month. An unbelievable value for a kitchen with commissary approval and built-in revenue. “