* Included in Asking Price
Established Profitable Cocktail Lounge Type 48 License Long Term Below Market Lease
Asking Price: $179,000
Location: Near Downtown Location, Alameda County, California
Yearly Revenue: Contact For Info
Yearly Cash Flow: Contact For Info
Monthly Rent: $3,500
This is long term established bar operation in a popular city. There is a long bar with 20 bar stools and numerous tables and chairs and 3 pool tables (which are provided by vendor and revenue is shared). There is a below market lease and the rent in the option period is fixed with minimal increases and the tenant also has the first right of refusal to purchase the building. Some of the equipment includes as follows: 2 beer keg refrigerators with 6 taps each, refrigerator for storing bottles, POS system with 2 printers, credit card processing machine, 7 TV''s, new projector with screen, security system with 8 cameras, numerous sinks and ice bins, etc. The pool tables, ATM, juke box and ice machine are rented and there is shared revenue with the vendor for the pool tables, ATM and jukebox.
Organization: LLC | Seating: 146 capacity | Square Footage: 2,550 + lot is 4,590 | Parking: Parkling lot and street | Licenses Required: ABC Type 48 License, Business | Reason For Sale: Other Interests |
Monthly Rent: $3,500 | Lease Expiration: 12/31/2022 | Yearly Adjustment: 3% or CPI | Lease Option: 10 years |
Seller Reference #2579
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