Popular Lake Merritt Gastropub; $302,420 Profit

Not Disclosed, CA
Alameda County

Asking Price: Annual Revenue:
$798,000 $2,084,446

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Popular Lake Merritt Gastropub; $302,420 Profit Broker: Steve Zimmerman

Quick Facts

Asking Price: $798,000
Annual Revenue: $2,084,446
Net Profit: Not Disclosed
Cash Flow: $393,060
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 325411533
Broker Reference #: 3261

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Business Overview:

Popular Lake Merritt Gastropub; $302,420 Profit; $2 Million+ Sales; Outdoor Seating Area

RRC#: 3261
Asking Price: Offered At $798,000
Location: Alameda County
Annual Revenue: $2,001,826
Annual Cash Flow: $302,420
Monthly Rent: $3,531.64 + $1,000 CAM includes building repair

Listing Description:
Overlooking Lake Merritt, this well established unique gastropub gets high marks with locals . The interior is warm and inviting and consists of a dining area with tables & chairs some bar height tables w/stools as well as a bar w/bar stools and full kitchen. With great lake views the large outdoor patio has a good sized seating area with tables, benches and heat lamps. The major equipment includes as follows: 12 type 1 hood for fire suppression system, 3 char grill, 4 burners + 4 flat grill over 2 ovens, 3 2 door undercounter refrigerators (1 with sandwich station and 2 with 4 taps each), 1 door undercounter refrigerator, 2 double basket fryers, 3 door undercounter refrigerator with 6 taps, 3 compartment sink + rinse hose, dishwasher, mop sink, 2 hand sinks, walk-in refrigerator, utility sink, POS system, ice machine, 2 door refrigerator, floor model mixer, slicer, 12 employee lockers and full door freezer, etc. There is an office, storage areas and an ADA restroom. The restaurant is closed one day a week so there is upside for an additional of sales. Although there is some time left on the existing lease the landlord will negotiate a new long term lease to a qualified buyer.

General Information:
Organization: Corporation
Established: Contact For Info
Current Owner: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $166,818
Monthly Cash Flow: $25,201
Annual Revenue: $2,001,826
Annual Cash Flow: $302,420
Payroll: Contact For Info
Monthly Revenue: $166,818
Monthly Cash Flow: $25,201

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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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