* Included in Asking Price
Desirable City Restaurant, Bar, Catering Operation, Full Liquor, $2.4m Sales, Stellar Patio
Asking Price: $495,000
Location: Alameda County, Alameda County, California
Yearly Revenue: $2,460,000
Yearly Cash Flow: $199,200
Monthly Rent: 16,250 all inclusive
This established business comprises a restaurant, bar and catering operation under one roof. The menu inspires a casual dining experience offering an accessible guest check average for locals and visitors. The beverage concept focuses on a relaxed bar experience with craft cocktails, large ion of draft beer on tap and extensive wine ion. The premises include a main dining room and adjacent bar, large party and event space, plus an ideal outdoor patio in a garden setting. There is a main kitchen with immense type one hood and gas equipment, several food storage walk-in coolers and requisite prep, dry storage and liquor prep areas. A separate catering line kitchen is equally well equipped and services banquets and offsite events. Equipment for both kitchens, main bar and server stations is very extensive and far too detailed to list. The rent and lease is advantageous and assumable, with 3.5% annual rent increases and a 10 year term running until Oct. 1, 2021, after which there are 3 x five year options.
Organization: LLC | Year Established: 2011 | Current Owner: 2011 | Seating: 500 plus | Square Footage: 10000 | Parking: Street, private parking lot | Licenses Required: Business, Health, ABC Type 47 Liquor License | Days Open/Hours: Daily 11a-11p | Reason For Sale: Other Interests |
Yearly Revenues: $2,460,000 | Yearly Cash Flow: $199,200 |
Monthly Rent: 16,250 all inclusive | Lease Expiration: Oct. 2021 | Yearly Adjustment: 3.5% | Lease Option: 3 x 5 years | Security Deposit: 25,000 |
Seller Reference #2799
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