The sellers will finance $1+ Million at terms to be negotiated subject to getting a $1 million down payment from buyer which can be from a combination of buyer obtaining a new first loan and/or cash.  In other words the seller financing will be in second position behind a new first loan. This  attractively designed restaurant and bar has a warm friendly décor and is located in one of the most desirable cities in Alameda County adjacent to the downtown shopping district.  There is a comfortably designed bar area with fireplace that features 16 beer taps.  There are 3 separate dining rooms with a combination of banquette seating and tables and chairs with a large back of the house including a full kitchen, prep area and lots of storage areas.  The bar area  and front dining room seat 60 with 9 bar stools and there are two other dining rooms that each seat 60.     There is full kitchen, prep area, dishwashing area and some of the equipment includes as follows:  11' type 1 hood with fire suppression system, 12 burners over 2 ovens, 4' salamander,  4' char broiler, 2 Turbo Fan ovens, rotisserie, stock pot burner, 3 single fryers, ice machine, floor model mixer, 4 compartment steam table, 3 full door refrigerator, 2 door under counter refrigerator with sandwich station, 1 door under counter refrigerator, microwave, 3 full door glass refrigerators, walk-in freezer, walk-in freezer,  counter mixer,  slicer,  safe, 8 employee lockers, mop sink, 3 large screen TV's, 2 group espresso machine, coffee grinder, 2 ice bins and hand sink, etc.  There are three restrooms including 2 ADA restrooms.  Past years sales are as follows:  2018 - $3,406,525;  2019 - $3,370,950;  2021 - $2,508,555; 2022 - $2,710,409.  The current concept has a limited market and a different food concept could potentially increase sales dramatically.  Additionally the current operation is open only 5 days a week and serves lunch 4 days a week and dinner 5 days a week so there is additional increased sales and profit potential.  Prior to Covid the operating hours were Tuesday thru Sunday noon until 9p or 10p with live music every Friday & Saturday.

General Info

  • OrganizationPartnership
  • EstablishedContact for Info
  • Current OwnerContact for Info
  • EmployeesContact for Info
  • Reason For SaleOther Interests

Facilities

  • Seating180 inside + 60 outside
  • Square Feet6,378 building & 9,375 lot
  • ParkingLots of street parking and some on site parking
  • LicensesBusiness, ABC Type 47 (full liquor)
  • Open Hours5 days/week: 4 days open for lunch and 5 days open for dinner

Lease

  • RentReal Estate Included
  • ExpirationReal Estate Included
  • Yearly IncreaseReal Estate Included
  • OptionReal Estate Included
  • DepositReal Estate Included

Financials

  • Monthly Revenue$225,867
  • Monthly Cash FlowContact for Info
  • Annual Revenue$2,710,409
  • Annual Cash FlowContact for Info
  • PayrollContact For Info

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.

Location