This restaurant is situated in the lobby of a 144-room hotel in the East Bay. The restaurant serves both hotel guests and walk-in business; it is connected to the hotel, but it also has its own separate entrance and a designated parking lot. Per the terms of an agreement with the hotel, the restaurant is the guaranteed provider of continental breakfast for hotel guests. The guaranteed revenue from hotel guests' breakfast covers the restaurant's monthly rent. The restaurant and the associated hotel are located on a main thoroughfare of a major East Bay city. The surrounding area is busy, and there may be more development in the area soon. The restaurant's concept is a cross between an American diner and a sports bar. It serves breakfast, lunch, and dinner. The 10 flat screen televisions inside are usually tuned to local sports, including Warriors, Raiders, and A's games. The restaurant can seat up to 75 inside and 40 outside, and there is potential to expand the outside seating area. There is also potential for growing the business by getting a type 47 full liquor license which would also increase the revenue. The restaurant equipment includes the following: flat-top grill, 12' hood, walk-in refrigerator, walk-in freezer, slicer, fryer, salad prep with 3 door under-counter refrigerator, 1 door reach in freezer, 2 door reach in refrigerator, steam table, grill, 6 burner stove, with oven, 8' hood on the front line, 2 door under counter refrigerator, Budweiser refrigerator, tap system, keg refrigerator, 3 door under counter refrigerator near bar, tap wine system, dishwasher, employee lockers, storage area, ice machine, two restrooms and a soda tap system.

General Info

  • OrganizationContact For Info
  • Established2013
  • Current Owner2013
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating75 Indoor 40 Outdoor
  • Square Feet3300
  • ParkingParking Lot
  • LicensesBeer and Wine, Health and Business
  • Open Hours9am - 9pm Monday - Saturday 9am - 5pm Sunday

Lease

  • Rent$7,200 Including NNN
  • Expiration2019
  • Yearly IncreaseContact For Info
  • Option2 five year options
  • Deposit$10,000

Financials

  • Monthly Revenue$69,600
  • Monthly Cash Flow$17,885
  • Annual Revenue$835,200
  • Annual Cash Flow$214,630
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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