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
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Asking Price: $395,000

Cash Flow: $124,992

Gross Revenue: $1,200,000



Inventory: N/A

Established: N/A

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

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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

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.

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

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

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

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

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

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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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.

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