Prime High Traffic Piedmont Avenue Location
Oakland, CA Alameda County
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- RE: Prime High Traffic Piedmont Avenue Location
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $160,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2022 | |
| Employees: | 6 | |
| BBN Listing #: | 982163 | |
| Broker Reference #: | 4919 |
Business Overview:
Prime High Traffic Piedmont Avenue Location w/Below Market Lease! Turnkey Restaurant with Type-1 Hood
RRC# 4919Â
Location: OaklandÂ
Description:
A turnkey restaurant space is now for sale on the busy and popular Piedmont Avenue, in Oakland. This corridor is home to some of the Bay Area's top restaurants and is a dining destination hotspot.  Not only does this location and street attract diners and shoppers alike, it is steps away from a Kaiser complex, new luxury apartments and an affluent neighborhood that surrounds this location. The Kaiser complex creates strong potential for lunch revenue as well as take out and delivery.  Â
The below market lease will transfer to a qualified new tenant. There are more than seven years left on the term, with one five year option to extend. The lease rate is low for this street at just ~$4,600/month with annual increases of 3% or LESS for the remainder of the term.
The ~1,200 square feet space has a Beer & Wine license and is fully equipped. It has a 10' Type 1 Hood, upgraded ADA bathroom, Fridge and Freezer Units, Deli Prep Top, a Tankless Water Heater, Seating for ~32, plenty of storage and much more. A full equipment list can be shared upon request.
Don't miss your opportunity to get into a turnkey restaurant space that has a fantastic lease on the coveted Piedmont Avenue!
Financial Information:
Monthly Revenue: Contact for InfoÂ
Monthly Cash Flow: Contact for Info
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
General Info:
Ownership: CorporationÂ
Established: 2022
Employees:Â 5-6
Reason For Sale: Other Interests
Monthly Rent: $4,686Â
Expiration: 2032Â plus 1 -5yr OptionÂ
Facilities:
Square Feet: 1,200 +/-Â
Seating:Â 32+
Parking: Easy Free and Metered Street ParkingÂ
Licenses: Type 41 ABC Beer & Wine, Health, BusinessÂ
Days/Hours of Operation: 7 days - Lunch and Dinner
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Property Features and Assets:
Facilities:
Square Feet: 1,200 +/-
Seating: 32+
Parking: Easy Free and Metered Street Parking
Licenses: Type 41 ABC Beer & Wine, Health, Business
Days/Hours of Operation: 7 days - Lunch and Dinner
Market Competition and Expansion:
General Info:
Ownership: Corporation
Established: 2022
Employees: 5-6
Reason For Sale: Other Interests
Monthly Rent: $4,686
Expiration: 2032 plus 1 - 5 year Option
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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