2 East Bay Cafes Within 5 minutes of Each Other; $1.2 Million Sales

Alameda, CA (Alameda County)

2 East Bay Cafes Within 5 minutes of Each Other; $1.2 Million Sales

Asking Price:$395,000

Cash Flow:$124,992

Gross Revenue:$1,200,000

EBITDA:$0

FF&E:$0

Inventory:$0

Established:N/A

2 East Bay Cafes Within 5 minutes of Each Other; $1.2 Million Sales

Get Financing Save Print Share Valuation Report

Business Description

2 East Bay Cafes Within 5 minutes of Each Other; $1.2 Million Sales; Low Rents

RRC#: 2286
Offered at: $395,000
Location: Alameda County, California
Revenue: $1,200,000
Cash Flow: $124,992
Rent: $2,250 / month

LISTING DESCRIPTION:
Cafe #1 -This quaint neighborhood cafe and pub is well known throughout the bay area and is well known for its good food, a great selection of beers and ongoing sports activities. There is a large glass frontage and the interior has a warm welcome homey like feeling with high ceilings, concrete floors, hanging light fixtures with a combination of bar seats and a separate bar area, banquette seating and tables and chairs. Some of the equipment includes as follows: 15+ taps, 7' type 2 hood, soup warmer, microwave, 2 -3 compartment sinks, 3 door under counter refrigerator + sandwich station, 2 pannini presses, small pizza oven, turbo fan oven, 2 electric burners, mop sink, 2 hand sinks, 2 door glass under counter refrigerator, coffee warmer, 1 group espresso machine, 2 coffee grinders, 2 slicers, 2 door under counter refrigerator, 5 flat screen TV'S and walk-in refrigerator, etc. There is also 2 restrooms (1 of which is ADA), storage areas and an office. The below market rent is fixed at $2,250 per month until 6/30/2017, then the rent is $2350 per month until 12/31/2019 plus two 5 year options.. Cafe #2 - This neighborhood pub is in a strong location with good exposure and easy access with both inside and outdoor seating. There is also a two bedroom apartment included however if the buyer does not want the two bedroom unit this can be rented by the landlord to another tenant. There is a full kitchen and some of the equipment includes as follows: 12' type 1 hood with fire suppression system, flat screen TV, hand sink, ice bin, 1 door under counter refrigerator, 1 door under counter freezer, 11 taps, walk-in refrigerator, Turbo Chef oven, 6 burners over oven, 2 double basket fryers, 2 door under counter refrigerator, utility sink, 3 compartment sink + rinse hose and 5 employee lockers, etc. There is also a storage area and one unisex restroom. There is upside for lunch daily and Monday and Sunday business as the business is closed for lunch daily and all day Sunday and Monday.

GENERAL INFORMATION:
Organization:Contact For Info | Established: Contact For Info | Current Owner: Contact For Info | Employees: Contact For Info |Reason For Sale: Other Interests | Seating: 49 / 50 | Square Feet: 2,100 1,200 / 900 | Parking: Street |Licenses: Business, 2 ABC type 41 licenses (beer & wine) | Open Hours: 7 / mainly 10a-11p / 5 evening only

LEASE INFORMATION:
Rent: $2,250 / month | Expiration: 2019 / 2019 | Yearly Increase: Fixed | Option: 2 five year options / negotiable | Deposit: Contact For Info

FINANCIAL INFORMATION:
Revenue: $1,200,000 | Cash Flow: $124992 | Payroll: Contact For Info | Inventory: Contact For Info

FINANCING INFORMATION:
Down Payment: Contact For Info | Note Balance: Contact For Info | Terms of Note: Contact For Info | All Cash: Contact For Info

Listing Statistics for Premium Members

Ad#:1400587 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

Find out more...

Get more details about this business.


Similar Listings


Corporate Caterers

Franchise Opportunity In CA
Capital Required: $125,000