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Desirable City Restaurant, Bar, Catering Operation, Full Liquor, $2.4m Sales, Stellar Patio

Alameda, California : Restaurants
Listing #2799

Desirable City Restaurant, Bar, Catering Operation, Full Liquor, $2.4m Sales, Stellar Patio RRC#: 2799 Asking Price: $495,000 Location: Alameda County, Alameda County, California Yearly Revenue: $2,460,000 Yearly Cash Flow: $199,200 Monthly Rent: 16,250 all inclusive LISTING DESCRIPTION: This established business comprises a restaurant, bar and catering operation under one roof. The menu inspires a casual dining experience offering an accessible guest check average for locals and visitors. The beverage concept focuses on a relaxed bar experience with craft cocktails, large ion of draft beer on tap and extensive wine ion. The premises include a main dining room and adjacent bar, large party and event space, plus an ideal outdoor patio in a garden setting. There is a main kitchen with immense type one hood and gas equipment, several food storage walk-in coolers and requisite prep, dry storage and liquor prep areas. A separate catering line kitchen is equally well equipped and services banquets and offsite events. Equipment for both kitchens, main bar and server stations is very extensive and far too detailed to list. The rent and lease is advantageous and assumable, with 3.5% annual rent increases and a 10 year term running until Oct. 1, 2021, after which there are 3 x five year options. GENERAL INFORMATION: Organization: LLC | Year Established: 2011 | Current Owner: 2011 | Seating: 500 plus | Square Footage: 10000 | Parking: Street, private parking lot | Licenses Required: Business, Health, ABC Type 47 Liquor License | Days Open/Hours: Daily 11a-11p | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $2,460,000 | Yearly Cash Flow: $199,200 | LEASE INFORMATION: Monthly Rent: 16,250 all inclusive | Lease Expiration: Oct. 2021 | Yearly Adjustment: 3.5% | Lease Option: 3 x 5 years | Security Deposit: 25,000 |

Asking Price:

$495,000

Gross Income:

$2,460,000

(last 12 months)
Cash Flow:

$199,200

(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

Desirable City Restaurant, Bar, Catering Operation, Full Liquor, $2.4m Sales, Stellar Patio

RRC#: 2799
Asking Price: $495,000
Location: Alameda County, Alameda County, California
Yearly Revenue: $2,460,000
Yearly Cash Flow: $199,200
Monthly Rent: 16,250 all inclusive

LISTING DESCRIPTION:
This established business comprises a restaurant, bar and catering operation under one roof. The menu inspires a casual dining experience offering an accessible guest check average for locals and visitors. The beverage concept focuses on a relaxed bar experience with craft cocktails, large ion of draft beer on tap and extensive wine ion. The premises include a main dining room and adjacent bar, large party and event space, plus an ideal outdoor patio in a garden setting. There is a main kitchen with immense type one hood and gas equipment, several food storage walk-in coolers and requisite prep, dry storage and liquor prep areas. A separate catering line kitchen is equally well equipped and services banquets and offsite events. Equipment for both kitchens, main bar and server stations is very extensive and far too detailed to list. The rent and lease is advantageous and assumable, with 3.5% annual rent increases and a 10 year term running until Oct. 1, 2021, after which there are 3 x five year options.

GENERAL INFORMATION:
Organization: LLC | Year Established: 2011 | Current Owner: 2011 | Seating: 500 plus | Square Footage: 10000 | Parking: Street, private parking lot | Licenses Required: Business, Health, ABC Type 47 Liquor License | Days Open/Hours: Daily 11a-11p | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $2,460,000 | Yearly Cash Flow: $199,200 |

LEASE INFORMATION:
Monthly Rent: 16,250 all inclusive | Lease Expiration: Oct. 2021 | Yearly Adjustment: 3.5% | Lease Option: 3 x 5 years | Security Deposit: 25,000 |


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