Top Patio Dining Destination! Profitable Business with Strong Goodwill. Semi-Absentee Run
RRC# 4879
Location: Oakland
Description:
A decade old Neighborhood Hot Spot is now for sale in Oakland. This popular restaurant and beer bar has operated for 11 years with great success, and has become a regional favorite, attracting guests from around the Bay and beyond.
The concept has a reputation for outstanding guest service and boasts one of Oakland's best all-weather outdoor patio spaces with views. The outdoor dining space can seat up to 90 guests 'rain or shine,' and is perfect for large parties and banquets! The exterior is welcoming for all locals, tourists, and groups. The entrance and interior seating as well as the bar have a shipyard-chic vibe that is lively and inviting.
Their kitchen serves up elevated, quality yet affordably priced, comfort food made from scratch. Beer Lovers flock to this business that serves a large selection of craft beers in addition to brunch drinks and so much more.
The business is historically profitable and was selling over $2,000,000 in 2019 and has quickly bounced back since 2020. A full time Owner Operator could really elevate the current profits fast, given the current owner is mostly Absentee.
The current owner has been committed to upgrading and reinvesting into the space. The long list of new and like-new upgrades include, but are not limited to, a retractable outdoor awning system, new seating and tables, electric and wiring upgrades, video menu boards and large screen TVs, several major pieces of cooking and refrigeration equipment, and a new video and security system in just the last two years! This vibrant business is ready for a new excited owner to capitalize on the extensive goodwill, strong sales and improvements. A complete list of the recent upgrades, as well a full equipment list can be shared upon request.
A new owner is sure to.... ENJOY THE VIEW!!
Financial Information:
Monthly Revenue: Contact For Info
Monthly Cash Flow: Contact For Info
Annual Revenue: Contact For Info
Annual Cash Flow: Contact For Info
General Info:
Ownership: LLC
Established: 2012
Current Owner: 2020
Employees: 30-35
Reason For Sale: Other Interests
Monthly Rent: $9,100 + NNNs(~$2648)
Expiration: In Option Period
Facilities:
Square Feet: 1750+/- inside & 1100+/- sf patio
Seating: 90+/- seated on patio, 48 inside (13 bar seats & 9 tables)
Parking: Easy Street Parking
Licenses: Type 41 ABC Beer & Wine, Health, Business
Days/Hours of Operation: 11 am - 9 pm Weekdays & 10 am -10 pm Weekends
