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Specialty Pub- $187k Cash Flow, $740k Sales, Abc 42 License

California : Bars/Taverns
Listing #2841

Specialty Pub- $187k Cash Flow, $740k Sales, Abc 42 License, Desirable Lease RRC#: 2841 Asking Price: $289,000 Location: Contra Costa County, Contra Costa County, California Yearly Revenue: $742,800 Yearly Cash Flow: $187,200 Monthly Rent: 3,864 all inclusive LISTING DESCRIPTION: Complete the buyer info details above to register and learn more about this very unique and successful specialty beverage operation with a hard to get type 42 ABC beer and wine license. The business name, website and social media sites are included in the sale. The annual cash flow is $187K for a 50 hrs/wk hands on owner eliminating the manager''s salary. Cash flow is $112K for the current absentee owner with full time manager earning $75K annual salary. Layout and decor is tasteful and well equipped. Rent is $3,864 for the 1,500 sq ft premises with 2.5% annual increases for lease term ending June 2021 is followed by a nine year option with rent going to fair market. A manager and staff oversee all day to day operations for the owner who is 100% absentee and does not work hands on. The pleasant interior has a relaxed environment with comfortable wood booth and table seating, plus a bar additional seating at a separate counter, which all provides a modern, hip pub feel. There are two POS terminal system, bar with beautiful cabinetry seats seven customers, with 18 draft beer taps from a walk-in cooler, 3- compartment sink, hand sink, dishwasher, floor sinks and tiled flooring completes the bar back area. The small plates menu is prepared in an adjacent food prep area, with convection oven, a 2-door open top sandwich fridge and storage area. Offerings include a large ion of specialty beverages available for consumption on the premises or retail purchase. There are two built-in 3-door glass refrigeration units, and temp. controlled display room with additional ions. There is one ADA restroom and the entire customer area is wheelchair accessible. This is a profitable turn key business opportunity for an experienced hands on or semi absentee owner. GENERAL INFORMATION: Organization: LLC | Year Established: 2011 | Current Owner: 2011 | Seating: 52 | Square Footage: 1,500 | Parking: Street parking | Licenses Required: Business, Health, ABC Type 42 | Days Open/Hours: 7 Days 11:30a-11p | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $742,800 | Yearly Cash Flow: $187,200 | LEASE INFORMATION: Monthly Rent: 3,864 all inclusive | Lease Expiration: May 2021 | Yearly Adjustment: 2.5% | Lease Option: 9 years | Security Deposit: 3,500 |

Asking Price:

$289,000

Gross Income:

$742,800

(last 12 months)
Cash Flow:

$187,200

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Specialty Pub- $187k Cash Flow, $740k Sales, Abc 42 License, Desirable Lease

RRC#: 2841
Asking Price: $289,000
Location: Contra Costa County, Contra Costa County, California
Yearly Revenue: $742,800
Yearly Cash Flow: $187,200
Monthly Rent: 3,864 all inclusive

LISTING DESCRIPTION:
Complete the buyer info details above to register and learn more about this very unique and successful specialty beverage operation with a hard to get type 42 ABC beer and wine license. The business name, website and social media sites are included in the sale. The annual cash flow is $187K for a 50 hrs/wk hands on owner eliminating the manager''s salary. Cash flow is $112K for the current absentee owner with full time manager earning $75K annual salary. Layout and decor is tasteful and well equipped. Rent is $3,864 for the 1,500 sq ft premises with 2.5% annual increases for lease term ending June 2021 is followed by a nine year option with rent going to fair market. A manager and staff oversee all day to day operations for the owner who is 100% absentee and does not work hands on. The pleasant interior has a relaxed environment with comfortable wood booth and table seating, plus a bar additional seating at a separate counter, which all provides a modern, hip pub feel. There are two POS terminal system, bar with beautiful cabinetry seats seven customers, with 18 draft beer taps from a walk-in cooler, 3- compartment sink, hand sink, dishwasher, floor sinks and tiled flooring completes the bar back area. The small plates menu is prepared in an adjacent food prep area, with convection oven, a 2-door open top sandwich fridge and storage area. Offerings include a large ion of specialty beverages available for consumption on the premises or retail purchase. There are two built-in 3-door glass refrigeration units, and temp. controlled display room with additional ions. There is one ADA restroom and the entire customer area is wheelchair accessible. This is a profitable turn key business opportunity for an experienced hands on or semi absentee owner.

GENERAL INFORMATION:
Organization: LLC | Year Established: 2011 | Current Owner: 2011 | Seating: 52 | Square Footage: 1,500 | Parking: Street parking | Licenses Required: Business, Health, ABC Type 42 | Days Open/Hours: 7 Days 11:30a-11p | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $742,800 | Yearly Cash Flow: $187,200 |

LEASE INFORMATION:
Monthly Rent: 3,864 all inclusive | Lease Expiration: May 2021 | Yearly Adjustment: 2.5% | Lease Option: 9 years | Security Deposit: 3,500 |


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