The possibilities are endless within this space on this prime corner in downtown Oakland. The high traffic and high visibility location at 15th and Franklin is ripe for success. The owners designed and built this space from scratch, at a substantial cost, with a unique 2 spaces in 1 layout. The Garden House restaurant thrived there for 30 years. Now the current layout is One space under One lease, that can house one tenant with 2 concepts or one tenant with subtenants to offset fixed costs. The space has two fully equipped kitchens with Type1 hoods, ample shared storage and work space. The electrical, plumbing, kitchen design, interior guest space, prep areas and equipment and assets within are top notch.
A new owner could do many things within this space including: Operating two concepts within, operating one concept and subleasing the second space, running two concepts for delivery apps or choose to sublease both spaces generating a set rent revenue or a percentage rent from whatever popular concepts they sublease too.
This corner and general area houses so many thriving and popular businesses such as Aburaya, Farley's Coffee & Kitchen, Senor Siseg, Gus's Famous Fried Chicken and so much more. The diversity and vibe in this neighborhood is amazing and ready for more; and this perfect space is primed to contribute even more!
The owners also have a wildly popular concept in this neighborhood, and with only half the square footage as this space, they generate over 1/2million in lunch sales annually and over 1million in dinner volume, almost exclusively for takeout and third party delivery apps.
There are too many ways to be successful within this space. Skip on the financial and timeline burdens of building your own space and come see this location and tour this shiny space now!
Full equipment lists upon request...
RRC#: 4132
Asking Price: $95,000
Location: 380 15th Street, Oakland
Annual Revenue: Contact For Info
Annual Cash Flow: Contact For Info
Monthly Rent: $5,700 NNN
Expiration: 2028 plus 10yr option
General Information:
Organization: LLC
Year Established: 2019
Employees: Contact For Info
Reason For Sale: Other Interests
Financial Information:
Monthly Revenue: Contact For Info
Monthly Cash Flow: Contact For Info
Annual Revenue: Contact For Info
Annual Cash Flow: Contact For Info
Annual Payroll: Contact For Info
Facilities:
Square Feet: 1,763
Seating: Limited indoor 12-20 in each + sidewalk seating
Parking: Metered Street Parking
Days/Hours of Operation: TBD
To get more information about this Restaurant - Prime Corner, Long Established business for sale in
Downtown Oakland please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #272623 on BizBen.com. In addition to phoning
Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this
Restaurant - Prime Corner, Long Established, to ask any questions or request an appointment to see this
business for sale. Thank you. License # 01310250. Restaurant Realty Company.
Related Links & Information Regarding This Posting
Attributes: Broker-Broker Coop, Training And Support
RUDY'S CAN'T FAIL restaurant located on a corner in Emeryville across from PIXAR STUDIOS established 20 years. The freestanding corner building has a lot of character. Can be operated with trade name or a new business can be established. 2021 Sales: $1,402,703. 2021 Adjusted Net income for working owner: $71,047
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As you know, COVID-19 affected a lot of businesses including ours. I'm very upfront and honest. We were doing well before COVID and slowly we are recovering. Our catering sales have picked up as well. We currently serve breakfast and lunch with opportunities to do dinner as well.
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RUDY'S CAN'T FAIL restaurant located on a corner in Emeryville across from PIXAR STUDIOS established 20 years. The freestanding corner building has a lot of character. Can be operated with trade name or a new business can be established. 2021 Sales: $1,402,703. 2021 Adjusted Net income for working owner: $71,047
Landmark restaurant, bar, / steak house with real estate - this well-established business has been in continuous operation for over 30 years (the only interruption has been for covid protocol) is now operating and performing to pre covid numbers. Owner is older and wants to retire. Owner financing.
