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Newly Remodeled Restaurant In Desirable Location $1.1 Million Sales Outdoor Seating

Oakland, California : Restaurants
Listing #2887

Newly Remodeled Restaurant In Desirable Location $1.1 Million Sales Outdoor Seating RRC#: 2887 Asking Price: $275,000 Location: Oakland, Alameda County, California Yearly Revenue: $1,113,732 Yearly Cash Flow: Contact For Info Monthly Rent: 8000 fixed through 4/2021 LISTING DESCRIPTION: This newly remodeled restaurant sits on a corner location on the one of the most desirable retail thoroughfares in Oakland. The surrounding area has high end demographics and the business has upside for many desirable concepts as the name and menu of the existing restaurant is not included with the sale. The restaurant has a large glass frontage, patio area, comfortable dining room with a combination of tables and chairs and banquette seating with an open airy feeling. There is a full kitchen, prep kitchen, dishwashing area, lots of storage areas, office and 2 ADA restrooms. Some of the equipment includes as follows: 13' type 1 hood with fire suppression system, 3' flat grill, 3 door under counter refrigerator + sandwich station, 6 burners over oven, 3' cheesemelter, 4- 2 door under counter refrigerators (1 with sandwich station and 1 with 4 taps), 4' flat grill, 2' x 3' chargill, 3' flat grill, 2 basket fryer, rotary toaster, slicer, Robot Coupe, 2 compartment sink, 2 hand sinks, dishwashing sink + rinse hose, 2 full door freezer, walk-in refrigerator, mop sink, POS system, 3' - 3 shelf glass refrigerator display case, automatic espresso machine, 2 large coffee makers, ice bin plus 6 beverage dispensers, orange juice machine, 2 compartment -in freezer, ice machine, juicer, 12 employee lockers and 3 soup warmers, etc. The rent is fixed with no increases through April 2021. THE NAME AND MENU ARE NOT INCLUDED WITH THE SALE. GENERAL INFORMATION: Organization: Corporation | Seating: 75+ inside and 20+ outside | Square Footage: 2800 approx. | Parking: Street | Licenses Required: Business, ABC Type 41 (beer & wine) | Days Open/Hours: 7/7:30a -10p | FINANCIAL INFORMATION: Yearly Revenues: $1,113,732 | LEASE INFORMATION: Monthly Rent: 8000 fixed through 4/2021 | Lease Expiration: 4/30/2026 | Lease Option: 2-Five Year Options |

Asking Price:

$275,000

Gross Income:

$1,113,732

(last 12 months)
Cash Flow:

Undisclosed

(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

Newly Remodeled Restaurant In Desirable Location $1.1 Million Sales Outdoor Seating

RRC#: 2887
Asking Price: $275,000
Location: Oakland, Alameda County, California
Yearly Revenue: $1,113,732
Yearly Cash Flow: Contact For Info
Monthly Rent: 8000 fixed through 4/2021

LISTING DESCRIPTION:
This newly remodeled restaurant sits on a corner location on the one of the most desirable retail thoroughfares in Oakland. The surrounding area has high end demographics and the business has upside for many desirable concepts as the name and menu of the existing restaurant is not included with the sale. The restaurant has a large glass frontage, patio area, comfortable dining room with a combination of tables and chairs and banquette seating with an open airy feeling. There is a full kitchen, prep kitchen, dishwashing area, lots of storage areas, office and 2 ADA restrooms. Some of the equipment includes as follows: 13' type 1 hood with fire suppression system, 3' flat grill, 3 door under counter refrigerator + sandwich station, 6 burners over oven, 3' cheesemelter, 4- 2 door under counter refrigerators (1 with sandwich station and 1 with 4 taps), 4' flat grill, 2' x 3' chargill, 3' flat grill, 2 basket fryer, rotary toaster, slicer, Robot Coupe, 2 compartment sink, 2 hand sinks, dishwashing sink + rinse hose, 2 full door freezer, walk-in refrigerator, mop sink, POS system, 3' - 3 shelf glass refrigerator display case, automatic espresso machine, 2 large coffee makers, ice bin plus 6 beverage dispensers, orange juice machine, 2 compartment -in freezer, ice machine, juicer, 12 employee lockers and 3 soup warmers, etc. The rent is fixed with no increases through April 2021. THE NAME AND MENU ARE NOT INCLUDED WITH THE SALE.

GENERAL INFORMATION:
Organization: Corporation | Seating: 75+ inside and 20+ outside | Square Footage: 2800 approx. | Parking: Street | Licenses Required: Business, ABC Type 41 (beer & wine) | Days Open/Hours: 7/7:30a -10p |

FINANCIAL INFORMATION:
Yearly Revenues: $1,113,732 |

LEASE INFORMATION:
Monthly Rent: 8000 fixed through 4/2021 | Lease Expiration: 4/30/2026 | Lease Option: 2-Five Year Options |


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