Profitable & Stunning Downtown Oakland Wine Bar
www.GlobalBX.com
Listing ID:
700365404
Listing Title:
Profitable & Stunning Downtown Oakland Wine Bar
Quick Link:
http://www.globalbx.com/listing.asp?bId=365404
Industry:
Bars and Nightclubs
Industry Segment:
Other Bars and Nightclubs
Country:
United States
State / Province:
California
Area
Northern California - Bay Area
City:
Oakland
Asking Price Range:
< $250K
Gross Revenues:
$619,891
Cash Flow:
Seller Will Provide
Cash Flow Type:
EBITDA
Year Established:
2014
Number of Employees:
1 - 3
Business Description:
Stunning Downtown Oakland Wine Bar For Sale! Great Lease....
RRC#: 4021
Asking Price: $199,000
Location: Oakland, California
Annual Revenue: $619,891
Annual Cash Flow: Contact for Info
Monthly Rent: $3,329
Lease Expiration: March 2022, plus 5 year option
Listing Description:
A fantastic Wine Bar, Restaurant and Bottle Shop all rolled into one , located in a historic downtown Oakland building is for sale. This wine bar is turnkey down to the last detail! We are seeking an eager owner operator to take over the established and successful Wine Bar. If you are a restauranteur, bar owner or wine enthusiast do not look beyond this great opportunity.
This space oozes atmosphere. The owner spared no expense on the interior design, bar and custom furniture; and includes a small non-hooded kitchen with self ventilating equipment. The interior includes a classic bar with modern equipment, communal table, high tables, standard tables, custom wood stools and chairs and has outdoor seating permitted on both sides of the building.
This business serves their loyal patrons 5 Days a week and has a newsletter that reaches over 1200 fans regularly. A new operator may choose to expand hours to Mondays for all the city employees and downtown office workers, or choose to expand weekend hours to include brunch and longer evening hours, thus boosting volume and profits. Typically this business does over $600,000 a year with more limited hours of operation and faired far better than most during Covid, with its retail wine delivery program. It is great for a quick glass and bite during lunch, to host afterwork events, private events and much more.
An owner operator could pay their monthly Rent & CAM within a few busy hours or with one event. Rent&CAM stays at $3329 through March 2022, and will not top $3767 through March 2027!
A full equipment list is available upon request...
A new owner will celebrate their decision to buy this
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