This new corner restaurant and bar space is located at 2301 Broadway in Downtown Oakland, and screams 'Location, Location, Location'!  This busy, clean and revitalized area is home to some of the Bay Area's best concepts including Viridian, Mixt, Shawarmaji and more. The area also includes top trendy hotels like Moxy and Kissel Uptown. Other attractions like the Hive complex includes mixed use attractions including trendy retail, Drakes Brewery and live-work spaces for the many local tech and office workers.  Other nearby theaters and music venues such as The Fox and Paramount Theater attract crowds and pre&post show diners and drinkers.   The 3782sf space has over $1,500,000 invested in its new design, buildout and top tier equipment by the past and current owner. They spared no expense on the design, layout and equipment.  The long lease can be assigned and expires in 2036, with two 5year options thereafter.    Most of the equipment is new!   There are two type 1 hoods, one ~ 12' FOH facing/exhibition line, a second rear Type-1 hood approximately 20' sectioned into three unequal sections, Walk-in Refridgeration. Tall 2-Door True Freezer,H2O filtration system throughout, 10' kitchen display windows, True & Perlick Refrideration, Hoshizaki Ice Maker, Blodgett Ovens, Southend Range w/Convection Oven, a rare Henny Penny 4well Fryer, Wolf Range and so much more. A full equipment list can be provided upon request.    The space boasts new lighting throughout to accentuate the high ceilings, custom wood art, bold murals in the double ADA compliant restroom area and many other standout design elements too.    A wonderfully designed three-sided bar top and lounge area was created to utilize the Type 47 Full liquor license.  The bar has space for roughly 16 bar seats and another 25+ seats at communal tables and window seating. There is also an outdoor patio space for roughly 20 guests with iron fencing. The dining room seats up to 100 guests.     Be the best on the block in the stunning, high-end space!!!  

General Info

  • OrganizationCorporation
  • Established2021
  • Current Owner2021
  • EmployeesN/A
  • Reason For SaleOther Interests

Facilities

  • Seating~100 dining room, 40 bar/lounge, 20 patio
  • Square Feet3,782
  • ParkingEasy Street Parking. Tenant has two parking spaces
  • LicensesType 47 Liquor License, Health & Business
  • Open HoursContact for Info

Lease

  • Rent$14,174.83 plus NNNs (22.65% of total, ~$2826)
  • Expiration2036
  • Yearly Increase~3%
  • Option2 Five Year Options
  • Deposit$21,641.02

Financials

  • Monthly RevenueN/A
  • Monthly Cash FlowN/A
  • Annual RevenueN/A
  • Annual Cash FlowN/A
  • PayrollN/A

Financing

  • 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.

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