— By Kevin Montgomery (@kevinmonty) |
Mikkeller Bar, the Tenderloin beerhall that regularly found itself atop the city’s best bar lists, is no longer. According to a tipster, the famed Danish-style bar quietly broke the news to its staff earlier this week. Now its owner has put the business up on the market for just $390,000.
From the real estate listing:
The highly acclaimed Mikkeller Bar location is for sale. This 40 Tap location created a beer lovers paradise, with the volume and profits to prove it. A unique Type 42 ABC license is in place, as a 21 and up establishment. A Type 47 license should be easy to obtain here. Mikkeller Bar created a gastropub style full menu from their fully equipped kitchen. The design of this two story ADA compliant space is top notch. All but the original raw brick walls and metal beams were upgraded and built out prior to opening in 2013. Featuring a stainless steel 40 tap system, amazing natural oak panel walling and banquets, custom lighting and more. This location offers late night dining and drinking options in this high traffic location. The location is loved by SF locals, tourists and tech workers alike. It also benefits from convention goers and the customers of the many neighboring hotels such as Park 55 Hilton. Additionally the famous Union Square is a short couple blocks away.
Despite turning a healthy six-figure profit with a reported $4 million in yearly revenue, months of mandatory closures for bars and restaurants proved too much for the business. Last month, Mikkeller found itself selling off its inventory of partially-filled kegs and canned beer. But it was not enough to stop the bleeding.
Now the bones of one of the most celebrated craft beer outputs are being sold off in a firesale.
[Photo: Tap Traveler/Flickr]
Arnold Parnasse | [Permalink]
It’s been extremely tough for bars to survive in that area. Even in remote Canada where I’m from, long-established bars had to shut down. Most of those that survived used their personal funds to do so. For such establishments, there was no backup plans such as home delivery. So they basically had zero source of income for the best part of 2 years. Tough.Regards,Arnold ParnasseCEO Canadian Florists
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