Business For Sale

American Diner/sportsbar With Guaranteed Hotel

Alameda, CA
Alameda County


Asking Price: Annual Revenue:
$299,900 $835,200

Food & Beverage: Restaurants, Fast Food, Deli


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RE: American Diner/sportsbar With Guaranteed Hotel Broker: Seller of Business

Quick Facts

Asking Price: $299,900
Annual Revenue: $835,200
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 816511533
Broker Reference #: 3037

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Business Overview:

This restaurant is situated in the lobby of a 144-room hotel in the East Bay. The restaurant serves both hotel guests and walk-in business it is connected to the hotel, but it also has its own separate entrance and a designated parking lot. Per the terms of an agreement with the hotel, the restaurant is the guaranteed provider of continental breakfast for hotel guests. The guaranteed revenue from hotel guests' breakfast covers the restaurant's monthly rent. The restaurant and the associated hotel are located on a main thoroughfare of a major East Bay city. The surrounding area is busy, and there may be more development in the area soon. The restaurant's concept is a cross between an American diner and a sports bar. It serves breakfast, lunch, and dinner. The 10 flat screen televisions inside are usually tuned to local sports, including Warriors, Raiders, and A's games. The restaurant can seat up to 75 inside and 40 outside, and there is potential to expand the outside seating area. There is also potential for growing the business by getting a type 47 full liquor license which would also increase the revenue. The restaurant equipment includes the following: flat-top grill, 12' hood, walk- in refrigerator, walk-in freezer, slicer, fryer, salad prep with 3 door under- counter refrigerator, 1 door reach in freezer, 2 door reach in refrigerator, steam table, grill, 6 burner stove, with oven, 8' hood on the front line, 2 door under counter refrigerator, Budweiser refrigerator, tap system, keg refrigerator, 3 door under counter refrigerator near bar, tap wine system, dishwasher, employee lockers, storage area, ice machine, two restrooms and a soda tap system. RRC#: 3037

GENERAL INFORMATION:
Organization: LLC | Year Established: 2013 | Current Owner: 2013 | Seating: 75 Indoor 40 Outdoor | Square Footage: 3300 | Parking: Parking Lot | Licenses Required: Beer and Wine, Health and Business | Days Open/Hours: 9am - 9pm Monday - Saturday 9am - 5pm Sunday

FINANCIAL INFORMATION:
Yearly Revenues: $835,200

LEASE INFORMATION:
Monthly Rent: $7,200 Including NNN | Lease Expiration: 2019 | Lease Option: 2 five year options | Security Deposit: $10,000

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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