Phone: 925-736-8200
Fax: 925-736-8200
jeffback@pacbell.net
348 Red Maple Drive
Danville, CA 94506
CA License # 00463307

Oakland Bar & Grill

Restaurant Details


DESCRIPTION
Very popular long established neighborhood Bar & Grill located in a busy upscale Oakland Neighborhood. Good lease. Nearly $2.0 million annual sales with alcohol sales over 50%...mostly beer
This is a very popular long established neighborhood Bar & Grill 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 SF. 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 $300.00 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.
GENERAL
Region:
East Bay

Location:
Oakland

FINANCES
Asking Price:
350,000

Sales Volume:
1,920,000

Monthly Rent:
$7,500

FACILITY
Facilities:
Charming interior facility with nice bar and seating with ample kitchen

Approximate Size:
approximately 2,000 SF

License:
Full Liquor

Lease Expiration:
2022

Lease Options:
5 year option




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J. Back & Associates   ·   Restaurant Real Estate
Phone: 925-736-8200   ·   Fax: 925-736-8200   ·   jeffback@pacbell.net
348 Red Maple Drive   ·   Danville, CA 94506
CA License # 00463307

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