Overlooking Lake Merritt, this well established unique gastropub gets high marks with locals . The interior is warm and inviting and consists of  a dining area with tables & chairs some bar height tables w/stools as well as a bar w/bar stools and full kitchen. With great lake views the large outdoor patio has a good sized seating area with tables, benches and heat lamps. The major equipment includes as follows: 12' type 1 hood for fire suppression system, 3' char grill, 4 burners + 4' flat grill over 2 ovens, 3 - 2 door undercounter refrigerators (1 with sandwich station and 2 with 4 taps each), 1 door undercounter refrigerator, 2 double basket fryers, 3 door undercounter refrigerator with 6 taps, 3 compartment sink + rinse hose, dishwasher, mop sink, 2 hand sinks, walk-in refrigerator, utility sink, POS system, ice machine, 2 door refrigerator, floor model mixer, slicer, 12 employee lockers and full door freezer, etc. There is an office, storage areas and an ADA restroom. The restaurant is closed one day a week so there is upside for an additional of sales. Although there is some time left on the existing lease the landlord will negotiate a new long term lease to a qualified buyer.

General Info

  • OrganizationCorporation
  • EstablishedContact For Info
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating49 inside + 150 outside
  • Square Feet1,600 inside + 1,800 outside
  • ParkingStreet
  • LicensesBusiness, ABC Type 41 (Beer & Wine)
  • Open Hours6 / T-S generally 11a - 11p but opens earlier weekends

Lease

  • Rent $3,531.64 + $1,000 CAM includes building repair
  • ExpirationNegotiable
  • Yearly IncreaseNegotiable
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$173,704
  • Monthly Cash Flow$32,755
  • Annual Revenue$2,084,446
  • Annual Cash Flow$393,060
  • 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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