A fantastic Wine Bar, Restaurant and Bottle Shop all rolled into one , located in a historic downtown Oakland building is for sale. This wine bar is turnkey down to the last detail! We are seeking an eager owner operator to take over the established and successful Wine Bar. If you are a restauranteur, bar owner or wine enthusiast do not look beyond this great opportunity.
This space oozes atmosphere. The owner spared no expense on the interior design, bar and custom furniture; and includes a small non-hooded kitchen with self ventilating equipment. The interior includes a classic bar with modern equipment, communal table, high tables, standard tables, custom wood stools and chairs and has outdoor seating permitted on both sides of the building.
This business serves their loyal patrons 5 Days a week and has a newsletter that reaches over 1200 fans regularly. A new operator may choose to expand hours to Mondays for all the city employees and downtown office workers, or choose to expand weekend hours to include brunch and longer evening hours, thus boosting volume and profits. Typically this business does over $600,000 a year with more limited hours of operation and faired far better than most during Covid, with its retail wine delivery program. It is great for a quick glass and bite during lunch, to host afterwork events, private events and much more.
An owner operator could pay their monthly Rent & CAM within a few busy hours or with one event. Rent&CAM stays at $3329 through March 2022, and will not top $3767 through March 2027!
A full equipment list is available upon request...
A new owner will celebrate their decision to buy this business with a Glass of Champagne!
- Current Owner2014
- Reason For SaleOther Interests
- Seating14 Bar +2 ADA Bar, 25 chairs, patio seating 14-24
- Square Feet1595
- ParkingStreet or Parking Garage
- LicensesType 41, health, business
- Open Hours5 Days, 12-8, Saturday 4-9
- ExpirationMarch 2022, plus 5 year option
- Yearly Increase2.5%
- Option1 5-year
- Monthly RevenueContact for Info
- Monthly Cash FlowContact for Info
- Annual Revenue$619,891
- Annual Cash FlowContact for Info
- PayrollContact for Info
- Down PaymentContact For Info
- Note BalanceContact 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.