Restaurant Realty Company is pleased to report the sale of Claremont Diner in Oakland, California. The restaurant for sale was marketed by Restaurant Realty Company and the transaction was completed in November. The terms of the transaction are confidential.
This restaurant is located in an outstanding location and is highly visible with easy access. The demographics in the immediate area are strong and this would be an excellent dinner location and currently it is only open for breakfast and lunch. The past owner opened for dinner and dinner sales were very strong so the upside for increased dinner sales and profits is very strong. The restaurant is in excellent condition with tile floors, hanging light fixtures and fans, counter seating, tables and chairs and booth seating, dis[play kitchen, dish washing area, storage areas, large usable basement with office, and 2 ADA restrooms. Some of the equipment includes as follows: 21' type 1 hood with fire suppression system, double basket fryer, 1' x 3' flat grill, 8 burners over 2 ovens, 4' flat grill + 3' chargrill over 6 undercounter refrigerator drawers, cheese melter, salamander, 6 burners + 1' x 3' flat grill, 3' drop-in freezer, 3 -1 door under counter refrigerators (2 with sandwich stations), 3 spindle mixer, 3 utility sinks, waffle iron, food warmer, toaster, 2 door under counter refrigerator + sandwich station, microwave, robot coupe, dish washing sink + rinse hose, 3 compartment sink, 6 employee lockers, ice machine, 2 full door refrigerator, walk-in refrigerator, walk-in freezer, and office safe, etc. The rent is fixed for three years at $5,200 month until 11/1/2019 with no NNN expenses. The rent in the subsequent years through 2025 will increase 3% per year and there will be NNN expenses.
If you are interested in buying or selling a restaurant in Oakland or leasing a restaurant space in Oakland or anywhere else in California, please contact Restaurant Realty Company. Restaurant Realty specializes exclusively in the sales, acquisitions and leasing of restaurants, bars and nightclubs. Our listings include restaurant real estate, restaurant related businesses for sale, restaurant franchises for sale, and restaurant space for lease. If you are ready to sell a restaurant, bar or nightclub in Oakland or anywhere in California, please contact us to start packaging your listing for a successful sale like the former owners of Claremont Diner.