Premiere Sports Bar, Nightlife & Event Space

Business Overview:

Premiere Sports Bar, Nightlife & Event Space for Sale! High Visibility Location in a Busy Area. Premium FF&E & AV Systems

RRC#  4852

Location:  Alameda County

Description:

The owners of this fantastic East Bay sports bar spared no expense. Located on a prime location with other existing and emerging restaurant and bar concepts nearby.  This is a desirable and vibrant urban neighborhood.    The space is a stunning large open space that is roughly 4500sf and boasts high ceilings, beautiful wood beam work, a large bar with custom detailing, a specialty service bar for handling large events and table orders, a 12 Handle glycol beer tap system at both bars, games and entertainment, and screens everywhere. The seller's have beautifully maintained the space over the years and recently made a number of improvements in 2023. The owners also invested heavily in the state of the art AV system, which can be purchased at an additional cost of $50k. The state of the art AV system cost nearly $250,000 installed!!  (Total list price with AV system and all FF&E is $300k) . The included equipment is extensive, and includes everything in the 500sf full service kitchen equipped with a 16' type 1 hood, as well as fully equipped bars, a satellite bar, 4 fryers, griddle, grill, oven, two 10x8' Walk-ins and so much more. A full equipment list can be provided upon request. The space has a capacity of ~250, but can swell to nearly double that for major events. The layout of the space is ideal for events, and group parties which can be hosted in more private areas not impacting or overflowing into the main bar and seating areas. The business rebounded well since 2020 and sold over $1.8million in 2022 and over $1.6million in 2023, with sales trending better in 2024 on target to break $2,000,000 in sales. The lease is strong, at less than $2sf, with ~4years left on the existing term plus two 5-year options. The landlord is great to work with and was extremely helpful and understanding during COVID. This space currently thrives as a sports bar and event space, but is the perfect foundation for any restaurant, nightlife or entertainment based concept. If that is what you are looking for then look no further.

Reach out now: andy@restaurantrealty.com

Financial Information:

Monthly Revenue: $166,667 +/-

Monthly Cash Flow: Contact For Info

 Annual Revenue: $2,000,000 +/- 

Annual Cash Flow: Contact For Info

 

General Info:

Ownership:  LLC

Established: 2018

Current Owner: 2018  Other Interests

Employees:  Contact For Info

Reason For Sale: 

Monthly Rent: $11,736 

Expiration: 09/30/2028  plus  2 Five Year Options

Facilities:

Square Feet: 4,400 +/- 

Seating: Contact For Info 

Parking: Easy Street and Garage Parking 

Licenses: Type 47 Liquor License, Health & Business 

Days/Hours of Operation:  Early until Late daily

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Property Features and Assets:

Facilities:

Square Feet: 4,549  

Seating: Contact For Info 

Parking: Easy Street and Garage Parking 

Licenses: Type 47 Liquor License, Health & Business 

Days/Hours of Operation:  Early until Late daily

Market Competition and Expansion:

Financial Information:

Monthly Revenue: $130,148 

Monthly Cash Flow: Contact For Info

 Annual Revenue: $1,561,776 

Annual Cash Flow: Contact For Info

 

General Info:

Ownership:  LLC

Established: 2018

Current Owner: 2018  

Employees:  Contact For Info

Reason For Sale: Other Interests

Monthly Rent: $11,736 

Expiration: 09/30/2028  plus  2 Five Year Options

Reason for Selling:

Other Interests

Additional Details:

Documents:

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