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Profitable & Stunning Downtown Oakland Wine Bar
Location: United States -> California -> Northern California - Bay Area -> Oakland
Industry: Bars and Nightclubs > Other Bars and Nightclubs




Business Summary

Profitable & Stunning Downtown Oakland Wine Bar For Sale! Great Lease....

RRC#: 4021
Asking Price: $219,000
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


Financials

Asking Price Range:  < $250K
Gross Revenues:   $619,891
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2014
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Other Interests




Print Listing Id: 700365404
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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