This wildly popular, community oriented business open in 2009 in trendy Uptown Oakland. To keep up with the high volume, the space was expanded to double its size in 2017. With total sales approaching $2 MILLION in 2019, $60,000 in profits in just Jan/Feb 2020 alone prior to Covid-19, and a quick bounce back to strong profits in June/July 2020 this space is ready to provide Big Volume and Big Profits for a similar concept or experienced brand. Neighboring companies include Square, Pandora, CalTran and the BART Headquarters. This business's model has earned them a Pre Qualification for SBA loan funding for a qualified buyer, as to run a similar business model in this space (the DBA/Brand is not part of this sale). The space has an existing Parklet outside with approximately 20 seats and extra sidewalk tables. The two level interior is wonderfully designed with rustic and comfortable detailing, as well amazing natural lighting. The upstairs mezzanine is a great space for groups or small events. The spacious and multi functional kitchen is currently used to create the breakfast and lunch items for the dine in and takeout customers, catering for local businesses and other small business food programs. This space could lend itself to a commissary kitchen use also or a Pop Up concept in the the evening hours after a coffee house/cafe ends service. Sellers are seeking a like minded emerging, existing or experienced brand for this amazing location. They will rollout Red Carpet Training for a qualified new concept/owner within this space. Reap the benefits of this amazing location with proven success! There is Type 41 Beer & Wine license and the owned equipment includes, but is not limited to: 2 2-Group La Marzocco Espresso Machines, 1 Ventless CMA Dish Machine, 6 Beer Tap System, 1 10ft Type 1 Hood ( with room for a fryer to be installed), 1 5ft Type-2 Hood, 1 2-Door BevAire Fridge, 1 Ice Sink/Bin, 1 Grab & Go Beverage/Food Display Fridge, 2 2-Group Luxus Coffee Brewers, 1 Bunn Bean Grinder, 3 Bean Grinders, 1 Ice-O-Matic Ice Machine, 1 3-Comp Dish Sink, 1 Large Prep Sink, 1 Blodgett Oven w/4Burners, 1 Spacious Walk In Cooler, 1 Atoska 2-Door Freezer, 2 2-Door True Fridges w/Prep Top, Mult Prep Tables, 1 2-Door Bev Aire Cooler Storage, 1 3-Door TurboAir Fridge with Prep Top, 1 Turbo Chef Convection Oven, 1 Toaster, 2 Panini Grills, Various Tables & Chairs and much more...... Equipment List Upon Request

General Info

  • OrganizationContact For Info
  • Established2009
  • Current Owner2009
  • Employees30 precovid, now 12
  • Reason For SaleOther Interests

Facilities

  • Seating25 outdoors, 30+ downstairs, 20+upstairs
  • Square Feet2580
  • ParkingEasy Street
  • LicensesType 41, health, business
  • Open Hours8am-2pm daily

Lease

  • Rent$8,564
  • ExpirationFeb 01, 2022
  • Yearly Increaseapprox 4%
  • Option1 5-year
  • DepositContact For Info

Financials

  • Monthly Revenue$152,000(2019) $85,000(July2020)
  • Monthly Cash Flow$12,200(2019) $9,400(july2020)
  • Annual Revenue$1,823,870
  • Annual Cash FlowContact For Info
  • Payroll$$53,995(2019) $33,800(july2020)

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