A fantastic Bar w/bites location with a newly zoned patio is for sale in the heart of Oakland's city hall plaza. The well designed wine bar-bistro style space resides within this stunning historic triangular building at 102 Frank Ogawa Plaza. Beyond its great design and curb appeal, it is highly visible from Broadway or 14th Street, as well as the City Hall Plaza and subway entrance/exit that is located right outside.
The space has housed businesses with elements of a cafe, wine bar, and thriving bottle-shops all rolled into one. This current wine bar is turnkey down to the last detail! We are seeking an eager owner operator to take over the space and bring a new vibrant concept to life here. 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.
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. It is a great space and location for a quick glass and bite during lunch, to host afterwork events, private events and much more.
The current term and option run into 2036, and current Rent + CAM is $3433 based on their 1595sf + large patio.
A full equipment list is available upon request...
A new owner will celebrate their decision to buy this business with a Glass of Champagne!
- Current Owner2022
- Reason For SaleOther Interests
- Seating14 Bar +2 ADA Bar, 25 chairs, patio seating 14-24
- Square Feet1,595
- ParkingStreet or Parking Garage
- LicensesType 41, health, business
- Open HoursUp to new owner - flexible
- Rent$ 3,188.01 + $ 245.23CAM = $ 3,433.24
- ExpirationMay 1st, 2027, plus two 5 year options
- Yearly Increase2.5%
- OptionTwo 5-year
- Monthly RevenueContact For Info
- Monthly Cash FlowContact For Info
- Annual RevenueContact For Info
- 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.