Freestanding Restaurant/Bar + Real Estate; Sellers will Finance $1+ Million; $2.7 Million Sales, Large Outdoor Seating Area
RRC# 4613
Location: Alameda County
Description:
The sellers will finance $1+ Million at terms to be negotiated subject to getting a $1 million down payment from buyer which can be from a combination of buyer obtaining a new first loan and/or cash. In other words the seller financing will be in second position behind a new first loan. This attractively designed restaurant and bar has a warm friendly décor and is located in one of the most desirable cities in Alameda County adjacent to the downtown shopping district. There is a comfortably designed bar area with fireplace that features 16 beer taps. There are 3 separate dining rooms with a combination of banquette seating and tables and chairs with a large back of the house including a full kitchen, prep area and lots of storage areas. The bar area and front dining room seat 60 with 9 bar stools and there are two other dining rooms that each seat 60.
There is full kitchen, prep area, dishwashing area and some of the equipment includes as follows: 11' type 1 hood with fire suppression system, 12 burners over 2 ovens, 4' salamander, 4' char broiler, 2 Turbo Fan ovens, rotisserie, stock pot burner, 3 single fryers, ice machine, floor model mixer, 4 compartment steam table, 3 full door refrigerator, 2 door under counter refrigerator with sandwich station, 1 door under counter refrigerator, microwave, 3 full door glass refrigerators, walk-in freezer, walk-in freezer, counter mixer, slicer, safe, 8 employee lockers, mop sink, 3 large screen TV's, 2 group espresso machine, coffee grinder, 2 ice bins and hand sink, etc. There are three restrooms including 2 ADA restrooms. Past years sales are as follows: 2018 - $3,406,525; 2019 - $3,370,950; 2021 - $2,508,555; 2022 - $2,710,409. The current concept has a limited market and a different food concept could potentially increase sales dramatically. Additionally the current operation is open only 5 days a week and serves lunch 4 days a week and dinner 5 days a week so there is additional increased sales and profit potential. Prior to Covid the operating hours were Tuesday thru Sunday noon until 9p or 10p with live music every Friday & Saturday.
Financial Information:
Monthly Revenue: $225,867
Monthly Cash Flow: Contact for Info
Annual Revenue: $2,710,409
Annual Cash Flow: Contact for Info
Annual Payroll: Contact for Info
General Info:
Ownership: Partnership
Established: Contact for Info
Employees: Contact for Info
Reason For Sale: Other Interests
Monthly Rent: Real Estate Included
Facilities:
Square Feet: 6,378 building & 9,375 lot
Seating: 180 inside + 60 outside
Parking: Lots of street parking and some on site parking
Licenses: Business, ABC Type 47 (full liquor)
Days/Hours of Operation: Closed Monday & Tuesday, Dinner only Wednesday & Thursday, Lunch & Dinner Fri, Sat & Sunday
