The historic main street location oozes charm in this tight knit community. The cafe, event space & catering business has been operating for over 20 years. It's now YOUR turn to buy and operate this popular café and catering business. The owners have created a constant flow of local business with thoughtful menus, design comforts and live music, events and catering. Located in the heart of this downtown East Bay community, the business's goodwill and client base is strong. With large customer data base files, catering contacts, entertainment contacts, a loyal following, and a great veteran staff you will be set up for success. The catering business includes a large amount of catering & event equipment, and a FORD Econoline CATERING VAN. The owners no longer work on site, thus a great owner operator could really expand profits by growing the catering and event sales. While the upstairs is currently used for special events, it could be modified to sublease to a residential tenant with minor alterations. The lease has a five year option to commence and run through June 2024. A base rent of $7500 on this two business in one location. Recent major upgrades included a new mop sink area, with new floors and FRP walls, a new electric tankless water heater for the upstairs space and more.

General Info

  • OrganizationInc
  • Established1997
  • Current Owner1997
  • Employees35
  • Reason For SaleOther Interests

Facilities

  • Seating46 Downstairs / 45 Upstairs
  • Square Feet1500 downstairs, 1300 upstairs
  • ParkingEasy Street
  • LicensesType 41 Beer & Wine, Health
  • Open HoursBreakfast, Lunch Dinner, Nightlife, Cater 7 days

Lease

  • Rent$7,500
  • ExpirationJune 30, 2024
  • Yearly Increase3%
  • OptionNegotiable
  • Deposit$9,000

Financials

  • Monthly Revenue$146,651
  • Monthly Cash Flow$7,475.08
  • Annual Revenue$1,759,815
  • Annual Cash Flow$89,701
  • Payroll$$51,996

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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