Loading…

For Sale: Restaurant And Bar - Real Estate Available - Alameda County, California

$2,495,000.00

Asking Price

  • Status: Active

  • Posting ID: 280707

  • 9/22/23

Alameda County Restaurant And Bar - Real Estate Available Business For Sale

Description

Freestanding Restaurant/Bar + Real Estate; Sellers will Finance $1+ Million; $2.7 Million Sales, Large Outdoor Seating Area


RRC#  4613

Location: Alameda County 


Description:

The sellers will finance $1+ Million at terms to be negotiated subject to getting a $1 million down payment from buyer which can be from a combination of buyer obtaining a new first loan and/or cash.  In other words the seller financing will be in second position behind a new first loan. This  attractively designed restaurant and bar has a warm friendly décor and is located in one of the most desirable cities in Alameda County adjacent to the downtown shopping district.  There is a comfortably designed bar area with fireplace that features 16 beer taps.  There are 3 separate dining rooms with a combination of banquette seating and tables and chairs with a large back of the house including a full kitchen, prep area and lots of storage areas.  The bar area  and front dining room seat 60 with 9 bar stools and there are two other dining rooms that each seat 60.  


There is full kitchen, prep area, dishwashing area and some of the equipment includes as follows:  11' type 1 hood with fire suppression system, 12 burners over 2 ovens, 4' salamander,  4' char broiler, 2 Turbo Fan ovens, rotisserie, stock pot burner, 3 single fryers, ice machine, floor model mixer, 4 compartment steam table, 3 full door refrigerator, 2 door under counter refrigerator with sandwich station, 1 door under counter refrigerator, microwave, 3 full door glass refrigerators, walk-in freezer, walk-in freezer,  counter mixer,  slicer,  safe, 8 employee lockers, mop sink, 3 large screen TV's, 2 group espresso machine, coffee grinder, 2 ice bins and hand sink, etc.  There are three restrooms including 2 ADA restrooms.  Past years sales are as follows:  2018 - $3,406,525;  2019 - $3,370,950;  2021 - $2,508,555; 2022 - $2,710,409.  The current concept has a limited market and a different food concept could potentially increase sales dramatically.  Additionally the current operation is open only 5 days a week and serves lunch 4 days a week and dinner 5 days a week so there is additional increased sales and profit potential.  Prior to Covid the operating hours were Tuesday thru Sunday noon until 9p or 10p with live music every Friday & Saturday.

Financial Information:
Monthly Revenue: $225,867
Monthly Cash Flow: Contact for Info
Annual Revenue: $2,710,409
Annual Cash Flow: Contact for Info
Annual Payroll: Contact for Info

General Info:
Ownership: Partnership
Established: Contact for Info
Employees: Contact for Info
Reason For Sale: Other Interests
Monthly Rent: Real Estate Included

Facilities:
Square Feet: 6,378 building & 9,375 lot
Seating: 180 inside + 60 outside
Parking: Lots of street parking and some on-site parking
Licenses: Business, ABC Type 47 (full liquor)
Days/Hours of Operation: Closed Monday & Tuesday, Dinner only Wednesday & Thursday, Lunch & Dinner Fri, Sat & Sunday

RRC# 4528
Location: Alameda County

To get more information about this Restaurant And Bar - Real Estate Available business for sale in Alameda County 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 #280707 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant And Bar - Real Estate Available, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.

Show more

Contact

  1. Name: Steve Zimmerman
  2. phone iconPhone: 888-995-9701

Details

  1. Asking Price: $2,495,000.00

  2. Down: Call/Email

  3. Cash Flow: Call/Email

  4. Revenue:    $2,710,409.00

  1. Area: Alameda County

  2. City: None Given

  1. Attributes:

    Broker CooperationReal Estate AvailableFor Sale By Owner

My Notes About This Listing

1000 Character Limit. Write notes about this posting above. Just a reminder, your changes are not saved until you click the Save My Changes button.
Related Links & Information Regarding This Posting

Email Steve Zimmerman Below About This Posting


Today’s Featured Businesses, Franchises, Opportunities For Sale On BizBen

Featured Resources, Advisors, & Intermediaries

Popular Blog Posts & Articles On BizBen Today

Popular Discussion Posts On BizBen Today