Established Restaurant & Bar In Prime Location

Business Overview:

Financial Information:

Established Restaurant & Bar in Prime Downtown Location; $4 Million Sales; $300K Profit: A New Concept Could Maximize This Opportunity

RRC#  4901

Location: Prime Contra Costa City 

Description:

This business has been in business for over 20 years and is located in an area that has grown dramatically the past 20+ years. The restaurant owners are also the landlords and that although the restaurant has had good sales and profits they believe that the concept needs to be changed and updated to compete favorably in this very challenging market.  This location is one of the strongest locations in this fast growing area. The restaurant has an open airy feeling as there are large glass windows around the perimeter.  There are two dining rooms with a combination of tables and chairs, banquette seating and booth seating, an outdoor seating area, a separate bar area, a full kitchen, prep kitchen,  dishwashing area, storage area, office area, 2 ADA restrooms and parking area.  Some of the equipment includes as follows:  12' type 1 hood with fire suppression system, 3' chargrill, 6 burners over oven, 3' flat grill + 2 burners over oven,  3-2 door under counter refrigerators  (1 with sandwich station), utility sink, 2 compartment sink, 2 double basket fryers, 8 drawer under counter refrigerator + sandwich station, 3 hand sinks, 3' flat grill, microwave, walk-in refrigerator, counter mixer,2 drawer bread warmer, automatic espresso machine, 2 ice bins, 3 compartment sink + rinse hose, 3 full door refrigerator, mop sink, cold food holding unit, slicer, ice storage area with cold top, 2 ice makers, 2 -3 glass door under counter refrigerators, red wine refrigerator, POS system, 6 Beer taps with glycol system, 2- 2 full door refrigerators, 2 -2 full door freezers, and employee lockers, etc. Although the existing concept is profitable, a new concept with some remodeling and the right operator could potentially result in doubling the sales and profitability of this outstanding location. The sellers also own the building so the building can be purchased too if desired - see RRC listing #4902

Monthly Revenue: $333,000 

Monthly Cash Flow: $25,000 

Annual Revenue: $4,000,000 

Annual Cash Flow: $300,000 

General Info:

Ownership: Corporation 

Established: Contact for Info 

Employees: Contact for Info  

Reason For Sale: Other Interests

Monthly Rent: $16,000 + NNN 

Expiration: Negotiable  

Facilities:

Square Feet: 4,000 building; 7,200 lot  

Seating: 100+ including the outdoor seating area 

Parking: Street and parking lots  

Licenses: Business, ABC Type 47 (full liquor) 

Days/Hours of Operation: 6 / lunch & dinner 

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Property Features and Assets:

Facilities:

Square Feet: 4,000 building; 7,200 lot  

Seating: 100+ including the outdoor seating area 

Parking: Street and parking lots  

Licenses: Business, ABC Type 47 (full liquor) 

Days/Hours of Operation: 6 / lunch & dinner  

Market Competition and Expansion:

General Info:

Ownership: Corporation 

Established: Contact for Info 

Employees: Contact for Info  

Reason For Sale: Other Interests

Monthly Rent: $16,000 + NNN 

Expiration: Negotiable 

Reason for Selling:

Other Interests

Additional Details:

Documents:

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