Upgraded Wine Bar w/Outdoor Seating in a Stunning Downtown Building For Sale! Below Market Rent is $3188, Great Long Lease!
RRC# 4729
Location: 102 Frank H. Ogawa Plaza, Oakland
Description:
A fantastic Bar w/bites location with a newly zoned patio is for sale in the heart of Oakland's city hall plaza. The well designed wine bar-bistro style space resides within this stunning historic triangular building at 102 Frank Ogawa Plaza. Beyond its great design and curb appeal, it is highly visible from Broadway or 14th Street, as well as the City Hall Plaza and subway entrance/exit that is located right outside.
The space has housed businesses with elements of a cafe, wine bar, and thriving bottle-shops all rolled into one. This current wine bar is turnkey down to the last detail! We are seeking an eager owner operator to take over the space and bring a new vibrant concept to life here. If you are a restauranteur, bar owner or wine enthusiast do not look beyond this great opportunity.
This space oozes atmosphere. The owner spared no expense on the interior design, bar and custom furniture; and includes a small non-hooded kitchen with self ventilating equipment. The interior includes a classic bar with modern equipment, communal table, high tables, standard tables, custom wood stools and chairs and has outdoor seating permitted on both sides of the building.
A new operator may choose to expand hours to Mondays for all the city employees and downtown office workers, or choose to expand weekend hours to include brunch and longer evening hours, thus boosting volume and profits. It is a great space and location for a quick glass and bite during lunch, to host afterwork events, private events and much more.
The current term and option run into 2036, and current Rent + CAM is $3433 based on their 1595sf + large patio.
A full equipment list is available upon request...
A new owner will celebrate their decision to buy this business with a Glass of Champagne!
Financial Information:
Monthly Revenue: Contact for Info
Monthly Cash Flow: Contact for Info
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Annual Payroll: Contact for Info
General Info:
Ownership: LLC
Established: 2022
Current Owner: 2022
Employees: 3
Reason For Sale: Other Interests
Monthly Rent: $ 3,188.01 + $ 245.23CAM = $ 3,433.24
Expiration: May 1st, 2027, plus two 5 year options
Facilities:
Square Feet: 1,595
Seating: 14 Bar +2 ADA Bar, 25 chairs, patio seating 14-24
Parking: Street or Parking Garage
Licenses: Type 41, health, business
Days/Hours of Operation: Up to new owner - flexible
