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Specialty Bar- Desirable City, $146k Cash Flow For Absentee Owner

Alameda, California : Restaurants
Listing #2844

Specialty Bar- Desirable City, $146k Cash Flow For Absentee Owner, $886k Sales- Type Abc 42 License RRC#: 2844 Asking Price: $239,000 Location: Alameda County, Alameda County, California Yearly Revenue: $888,000 Yearly Cash Flow: $144,000 Monthly Rent: 4,126 all inclusive LISTING DESCRIPTION: Casual neighborhood hangout for clientele seeking quality, specialty beers, snacks and conversation. This well established profitable business generates consistent sales and $146,000 cash flow for the absentee owner, who does not work in a hands on capacity. Any buyer choosing to work full time or semi- hands on, would generate additional cash flow by eliminating manager payroll expenses. Month to month sales are very, very consistent, as is the net income. Situated in a super desirable Alameda County neighborhood, the location could not be better. The casual, hip interior features delightfully high ceilings, adding ambience and spaciousness, rustic tile floor, tables, stools and bar seating. The equipment is efficiently minimal, which includes a dozen beer taps, 5'' x 9'' wall-in cooler, a 3-compartment bar sink, hand sink, under counter fridge and glass door beverage merchandising refrigerators. There is a dry goods storage room, upstairs office and additional storage, and an ADA customer restroom. In summary this opportunity should attract any qualified buyers looking for a profitable business as a single owner operator or a partnership. Seller and landlord require that Buyers must be financially well qualified and possess substantial business experience. Submit the confidentiality agreement and screening questions below to receive additional information about this business. THE NAME AND BRANDING ARE NOT INCLUDED WITH THE SALE GENERAL INFORMATION: Organization: LLC | Year Established: 2012 | Current Owner: 2012 | Seating: 30 | Square Footage: 800 + mezzanine | Parking: Street | Licenses Required: Business, Health, ABC Type 42 License | Days Open/Hours: Daily 11a-11p | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $888,000 | Yearly Cash Flow: $144,000 | LEASE INFORMATION: Monthly Rent: 4,126 all inclusive | Lease Expiration: Nov. 2022 | Yearly Adjustment: CPI | Lease Option: 5 years negotiable | Security Deposit: 3,200 |

Asking Price:

$239,000

Gross Income:

$888,000

(last 12 months)
Cash Flow:

$144,000

(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 Bar- Desirable City, $146k Cash Flow For Absentee Owner, $886k Sales- Type Abc 42 License

RRC#: 2844
Asking Price: $239,000
Location: Alameda County, Alameda County, California
Yearly Revenue: $888,000
Yearly Cash Flow: $144,000
Monthly Rent: 4,126 all inclusive

LISTING DESCRIPTION:
Casual neighborhood hangout for clientele seeking quality, specialty beers, snacks and conversation. This well established profitable business generates consistent sales and $146,000 cash flow for the absentee owner, who does not work in a hands on capacity. Any buyer choosing to work full time or semi- hands on, would generate additional cash flow by eliminating manager payroll expenses. Month to month sales are very, very consistent, as is the net income. Situated in a super desirable Alameda County neighborhood, the location could not be better. The casual, hip interior features delightfully high ceilings, adding ambience and spaciousness, rustic tile floor, tables, stools and bar seating. The equipment is efficiently minimal, which includes a dozen beer taps, 5'' x 9'' wall-in cooler, a 3-compartment bar sink, hand sink, under counter fridge and glass door beverage merchandising refrigerators. There is a dry goods storage room, upstairs office and additional storage, and an ADA customer restroom. In summary this opportunity should attract any qualified buyers looking for a profitable business as a single owner operator or a partnership. Seller and landlord require that Buyers must be financially well qualified and possess substantial business experience. Submit the confidentiality agreement and screening questions below to receive additional information about this business. THE NAME AND BRANDING ARE NOT INCLUDED WITH THE SALE

GENERAL INFORMATION:
Organization: LLC | Year Established: 2012 | Current Owner: 2012 | Seating: 30 | Square Footage: 800 + mezzanine | Parking: Street | Licenses Required: Business, Health, ABC Type 42 License | Days Open/Hours: Daily 11a-11p | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $888,000 | Yearly Cash Flow: $144,000 |

LEASE INFORMATION:
Monthly Rent: 4,126 all inclusive | Lease Expiration: Nov. 2022 | Yearly Adjustment: CPI | Lease Option: 5 years negotiable | Security Deposit: 3,200 |


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