This Oakland cocktail bar sits on a major thoroughfare in a beloved neighborhood. It serves classic cocktails and new American fare, and is located within a converted home. The space has a great deal of character, and there are multiple spaces within the establishment: a front patio outside with its own bar, the upstairs restaurant/bar area, which contains three rooms and a long bar area, and a back patio area with covered seating. The space features hardwood floors, natural light, and lots of character. It is also a stand-alone building with its own dedicated parking lot. It presents a unique opportunity to own a business situated in a classic architectural space. In addition to the features of the cocktail bar/restaurant, the space includes a two-bedroom, one-bath apartment above the bar, with its own separate entrance. This could either be utilized as housing for the owner/operator, or rented out to a tenant. There are 3 options left on the lease giving 20 more years with fixed increases. Currently, the location is open for dinner during the week, and for brunch and dinner on the weekends. An owner/operator interested in capitalizing on the opportunity this beautiful space presents could increase the bottom line through expanding hours of meal service and updating the menu. Full bar with dishwasher, ice machine, bar sink area, 6 beer tap system, 2 door under counter refrigerator, liquor cage, dry storage area, 1 door reach in freezer, several 2 door under counter refrigerator with prep station, 4' grill, 6 burner stove with oven, flat top grill with oven and 2 burner stove, 2 fryers, 1 door reach in refrigerator, 2 door reach in refrigerator, 16' type 1 hood, 3 compartment sink, dishwasher, prep sink, mop sink room. The restaurant has two restrooms.

General Info

  • OrganizationPartnership
  • Established2008
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating44 Indoor 42 Outdoor
  • Square FeetRetail 2220, Apartment 1480
  • ParkingParking Lot and Street
  • LicensesABC Type 47, Health and Business
  • Open Hours5pm - 10pm Monday - Thursday, 5pm - 12am Friday, 10am - 12am Saturday, 10am - 10pm Sunday

Lease

  • Rent$5,900
  • Expiration2019
  • Yearly IncreaseFixed
  • Option1 Five Year and 2 Seven Year
  • Deposit$8,000

Financials

  • Monthly Revenue$63,310
  • Monthly Cash Flow$5,018
  • Annual Revenue$759,717
  • Annual Cash Flow$60,220
  • 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.

Location