A decade old Neighborhood Hot Spot is now for sale in Oakland. This popular restaurant and beer bar has operated for 11 years with great success, and has become a regional favorite, attracting guests from around the Bay and beyond. The concept has a reputation for outstanding guest service and boasts one of Oakland's best all-weather outdoor patio spaces with views. The outdoor dining space can seat up to 90 guests 'rain or shine,' and is perfect for large parties and banquets! The exterior is welcoming for all locals, tourists, and groups. The entrance and interior seating as well as the bar have a shipyard-chic vibe that is lively and inviting. Their kitchen serves up elevated, quality yet affordably priced, comfort food made from scratch. Beer Lovers flock to this business that serves a large selection of craft beers in addition to brunch drinks and so much more. The business is historically profitable and was selling over $2,000,000 in 2019 and has quickly bounced back to sell over $2,300,000 in 2022, with a very respectable Cost of Goods. A full time Owner Operator could really elevate the current profits fast! The current owner has been committed to upgrading and reinvesting into the space. The long list of new and like-new upgrades include, but are not limited to, a retractable outdoor awning system, new seating and tables, electric and wiring upgrades, video menu boards and large screen TVs, several major pieces of cooking and refrigeration equipment, and a new video and security system in just the last two years! This vibrant business is ready for a new excited owner to capitalize on the extensive goodwill, strong sales and improvements. A complete list of the recent upgrades, as well a full equipment list can be shared upon request. A new owner is sure to.... ENJOY THE VIEW!!  

General Info

  • OrganizationLLC
  • Established2012
  • Current Owner2020
  • Employees30-35
  • Reason For SaleOther Interests

Facilities

  • Seating90+/- seated on patio, 48 inside (13 bar seats & 9 tables)
  • Square Feet1750+/- inside & 1100+/- sf patio
  • ParkingEasy Street Parking
  • LicensesType 41 ABC Beer & Wine, Health, Business
  • Open Hours11am-9pm Weekdays & 10am-10pm Weekends

Lease

  • Rent$9,100 + NNNs(~$2648)
  • ExpirationIn Option Period
  • Yearly Increase3%
  • Option1-3yr option
  • Deposit$10,000

Financials

  • Monthly Revenue Contact For Info
  • Monthly Cash Flow Contact For Info
  • Annual RevenueContact For Info
  • 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.

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