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#3068
San Francisco East Bay

Successful Bar and Resturant Less Than One Hour From East Bay Area

$157,000
Sold
Successful Bar and Resturant Less Than One Hour From East Bay Area
This Listing is Sold

We are proud to present this great opportunity to own an established bar & restaurant with a Full type 47 hard Liqour license.

The atmosphere is unique within a casual sports and entertainment oriented Restaurant and Bar.

The business has been in operation since 1998 and the current owners own the building as well, so he has a vested interest in your success by placing the rent at the low monthly rate of $3,500, and that includes NNN costs. Let's do the math...that's $0.70 per sq. ft. for this 5,000 Sq. Ft. building! Ouch! Steal this baby from the landlord.

Wait a minute...Steal the whole Operation!
The owner wants to offer a Great Deal on the additional 5,000 SQF. upstairs Bar/Nightclub! for a Total of 10,000 sqf.. This space is already and setup for live music, large parties, comedy nights, Catered events...you name it. The current license covers the upstairs Bar, so it's all ready to make money and currently has a large Bar,Huge dance floor,Super sized Big screens and a stage for live music. You can have it all for $229,000....make an Offer he can't refuse before it's gone. $5,900 rent for the entire 10,000 sqf. That's only .59 cents a sqf. !!!!

For 12 years, this restaurant has been the favorite place to wind down for the locals with 16 beers on tap and 10 straight from the bottle, as well as the best-stocked liquor selection in town. And as for entertainment, this is the city's favorite karaoke spot and they aslo have Live DJ and dancing on Friday and Saturday nights to get those sales cranking.

The food served - and you can obviously change the menu if you like -is Hot Wings, which is there signature dish, Salads, Burgers, Pizza, Sandwiches, and more! All easy things to make and with great margins as well. They also serve steaks for those meat eaters in the area.

The owners can boast winning Best Place to Dance, Best Place to Meet Singles and Best Bar/Pub...having won 11 awards so far.

This owner has plugged this restaurant into the community by doing wonderful community service activities such as "Feed the Need" and other charitable events in the area.

This is a fun business to run, but like any restaurant it can be hard work, but very rewarding work as well.

"Owner says lets find a Qualified Operator and He will carry a note for part of the purchase price....How much depends on the buyers experience, credit and financials....Time to make an offer before he changes his mind!"

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
San Francisco East Bay
Lease Term:
new lease 5+5
Total Monthly Rent:
$3,500
Security Deposit:
$3,000

Financials

Last Year's Annual Gross:
$881,148
Last Year's Owner's Cash Flow:
$91,577
Last Year's Food Cost %:
46.5
Last Year's Payroll Cost %:
20.4
Last Year's Rent %:
4.8

Operations

Liquor License:
47
# of Full-Time Employees:
8
# of Part-Time Employees:
20
# of Family Employees:
2
Hours Open:
M-Th 11:30-9pm
Fri 11:30-10pm
Sat 11-10
Sun 11-9
Bar is open til midnight most Sun-Tues
and open til 2am Wed-Sat
Year Established:
1998
Hood System Type 1:
Yes

Facilities

Indoor Seating:
120
# of Parking Spots:
30
Inside Sq. Ft.:
5000

Highlights

  • Hard Liqour license-type 47
  • Great Downtown Location!
  • There is an additional 5,000sqf. Club availbale upstairs
  • Good Rent
  • Recently the city renovated the Grand Theatre across the street which enhaces the traffic in the area.
  • Catering
  • Easy Menu
  • Just an hour from the Bay Area
  • Owner will carry a portion of the sales price for a qualified operator.
  • Brand New Floors!
  • Ample parking

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 52,416 84,793 97,404
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,467 23,795 27,581
2010 Persons Per Household 3.20 3.38 3.35
Median House Value $225,400 $247,204 $265,570
Income Per Household $63,374 $75,518 $76,000
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 850 1,113 1,533
2012 Number Of Employees 26,464 34,174 47,514
2012 Total Annual Payroll $494,707,000 $696,095,000 $935,957,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.

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