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.