Last Revised: 11/4/19. Posting #: 249205
Key Words: bars, cafe, pub, gastro pub, oakland, alameda
Financial Info: Price: $350,000. Annual Revenues: $1,920,000. Monthly rent is $7,500 with fixed increases through October 2022. There is a 5 year option to extend the term at a capped market rent with fixed $300 annual increases thereafter. Annual sales approach $2,000,000 with alcohol sales over 50%...mostly beer.
Profile: This is a very popular long established neighborhood Gastro Pub located in a busy upscale Oakland neighborhood. First time on the market. The owner is absentee and runs the business through an on-site manager. Annual sales approach $2,000,000 with alcohol sales over 50%...mostly beer. Food is served from its full hood kitchen.
The Bar and Grill has a great lease and a good relationship with the landlord. The size is approximately 2,000 sq. ft. Monthly rent is $7,500 with fixed increases through October 2022. There is a 5 year option to extend the term at a capped market rent with fixed $300 annual increases thereafter.
This is a good opportunity for an owner/operator with experience in high volume bar business.
The Sale is highly confidential and requires the signing of a Confidentiality Agreement.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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Profile: J. Back & Associates Restaurant Real Estate was founded in 1988 as the first bay area real estate company to specialize exclusively in restaurant real estate. I am the past President of Charley Browns restaurants and have been involved in the restaurant business for over 35 years.
Key Words: jeff back, j. back & associates - restaurant sales, restaurant, restaurant broker, fast food, hamburger, bar, quick service restaurant, pizza, gastro pub, pub, thai, mexican, hayward, alameda, san ramon, constra costa, san jose, santa clara, oakland, dublin, lafayette
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Key Words: jim saxton, restaurant, restaurants, bar, bars, liquor license, liquor licenses, type 48, type 47
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
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Key Words: selling a business, buying a business, sell a business, buy a business, purchase agreements, purchase agreement, inventory, inventories, value, valuation, valuing a business, selling price, restaurants, restaurant business, online businesses, ecommerce, goodwill, sales multiples, equipment, jordan green
Profile: Successfully buying a business is a difficult and time intensive task for business buyers. Now, imagine trying to buy a business that has many interested buyers. BizBenNetwork Senior Facilitator Manager Jordan Green gives buyers helpful advice for overcoming their competition and buying a business.
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