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Asking Price$495,000
RevenueUndisclosed EstablishedUndisclosed
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Exceptional, Fully Equipped Restaurant Downtown Napa- Recent $1.3m Remodel- High Visibility

RRC#: 2574
Asking Price: $495,000
Location: 1124 1st St, Napa County, California
Yearly Revenue: Contact For Info
Yearly Cash Flow: Contact For Info
Monthly Rent: 9,040 all inclusive

LISTING DESCRIPTION:
This is a stunning restaurant that recently underwent a complete top to bottom remodel, with $1.3M spent and no expenses spared. Situated in the heart of downtown near the Napa River, with an advantageous corner location, looking onto an outdoor patio and plaza type courtyard. The restaurant is easily accessible on foot or by car, with constant all day traffic. The front entrance opens into a spacious interior, with high pitched ceiling, a beautifully detailed focal point bar, distinctive lighting, and large ceiling height windows spanning the front and side of the restaurant. The long, stylish bar seats 13 guests and is flanked by two dining areas with table, chair and booth seating, and counter height seating in a central area and along the front window facing the plaza. The bar back area is well equipped with POS terminal, 3-door and 4-door under counter fridges chilling both bottled beverages and beer kegs with 6- taps, 2-beverage dispenser guns, 2-ice chiller bins, speed rails, and hand sinks. Off one side of the bar is a corner server area with POS terminal and stainless counters for order expediting and customer seating, providing an open, exhibition style kitchen experience. There is another server station between the ding room and kitchen with a POS terminal and two Sub Zero built in wine cooler units each accommodating 15 wine cases. The kitchen is immaculate, versatile and extensively equipped, and can be adapted to many alternate configurations and menu concepts. Kitchen fixtures and equipment is too numerous to list, however highlights include a line kitchen featuring a 16’ type one hood, two 6-burner ranges with ovens, char grill, flat top griddle, 3’ gas cheese melter, 2-double fryers, stainless wall shelves for sauté pans, etc. Opposing the line is refrigeration with two 4-drawer pizza prep tables, large ice machine and a 3-door reach-in. The side prep area visible from the expediting counter and public seating is equipped with another 2-door pizza prep table, 1-door under counter fridge, slicer, 8’ stainless work table with integrated prep sink, stainless wall shelving, additional freestanding and wrap around stainless tables, commercial slicer and 20 qt mixer. The dish wash and clean up area features a large 3-compartment sink with separate rinse sink unit, plus clean and soiled stainless tables for the leased dishwasher, above floor grease trap, extensive wire rack shelving units for ample storage, a hand sink and mop sink. There is an additional upstairs room of approximately 800 sq. ft. Like the outdoor patio seating area, this space is not counted in the rent or 2,185 sq. ft. leasable premises. This upstairs area accessible from the kitchen has a 7’ x 13’ walk-in cooler, a 7’ x 15’ chilled storage room for wine, beer, and other beverages, a single door freezer, more wire rack shelving units, a private office and 4-camera surveillance system. The entire premises is wheelchair accessible, and ADA restrooms are in an adjacent common area. The $9,040 all inclusive monthly occupancy expenses breakdown is as follows $6,513 base rent, NNN expenses are $672 property taxes, $159 prop. insurance, $1,104 CAM (which includes water), and $592 trash expense. Keep in mind $9,040 covers the 2,185 sq ft ground level, the 800 sq. ft. upstairs and the outdoor patio space. Equipment and the premises are pristine and like new. Buyers have an opportunity to purchase all the assets, assume the lease and extensive premises tenant improvements and transfer the ABC beer & wine license. Immense upside exists to introduce nearly any menu concept, including a gastro pub theme with additional beer taps with lines run from kegs chilled in the upstairs walk-in, or introducing a brew pub with a type 75 license for onsite brewing and the ability to serve full liquor and cocktails.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 2014 | Current Owner: 2014 | Seating: 70 inside, 25 outside | Square Footage: 2,171 plus (see description) | Parking: Street | Licenses Required: Business, Health, ABC Beer & Wine | Days Open/Hours: Closed | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:


LEASE INFORMATION:
Monthly Rent: 9,040 all inclusive | Lease Expiration: 2025 | Yearly Adjustment: 3% | Lease Option: 2 x five years | Security Deposit: 6,295 |
Ad #88553
Seller Reference #2574
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Contact This Seller
Steven D. Zimmerman, CBI, CBB
Restaurant Realty Company
415-945-9701
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