Established Restaurant & Bar in Prime Downtown Location

Established Restaurant & Bar in Prime Downtown Location; $4 Million Sales; $300K Profit: A New Concept Could Maximize This Opportunity

RRC# 4901
Location: Prime Contra Costa City

Description:
This business has been in business for over 20 years and is located in an area that has grown dramatically the past 20+ years. The restaurant owners are also the landlords and that although the restaurant has had good sales and profits they believe that the concept needs to be changed and updated to compete favorably in this very challenging market. This location is one of the strongest locations in this fast growing area. The restaurant has an open airy feeling as there are large glass windows around the perimeter. There are two dining rooms with a combination of tables and chairs, banquette seating and booth seating, an outdoor seating area, a separate bar area, a full kitchen, prep kitchen, dishwashing area, storage area, office area, 2 ADA restrooms and parking area. Some of the equipment includes as follows: 12' type 1 hood with fire suppression system, 3' chargrill, 6 burners over oven, 3' flat grill + 2 burners over oven, 3-2 door under counter refrigerators (1 with sandwich station), utility sink, 2 compartment sink, 2 double basket fryers, 8 drawer under counter refrigerator + sandwich station, 3 hand sinks, 3' flat grill, microwave, walk-in refrigerator, counter mixer,2 drawer bread warmer, automatic espresso machine, 2 ice bins, 3 compartment sink + rinse hose, 3 full door refrigerator, mop sink, cold food holding unit, slicer, ice storage area with cold top, 2 ice makers, 2 -3 glass door under counter refrigerators, red wine refrigerator, POS system, 6 Beer taps with glycol system, 2- 2 full door refrigerators, 2 -2 full door freezers, and employee lockers, etc. Although the existing concept is profitable, a new concept with some remodeling and the right operator could potentially result in doubling the sales and profitability of this outstanding location. The sellers also own the building so the building can be purchased too if desired - see RRC listing #4902


Financial Information:
Monthly Revenue: $333,000
Monthly Cash Flow: $25,000
Annual Revenue: $4,000,000
Annual Cash Flow: $300,000

General Info:
Ownership: Corporation
Established: Contact for Info
Employees: Contact for Info
Reason For Sale: Other Interests
Monthly Rent: $16,000 + NNN
Expiration: Negotiable

Facilities:
Square Feet: 4,000 building; 7,200 lot
Seating: 100+ including the outdoor seating area
Parking: Street and parking lots
Licenses: Business, ABC Type 47 (full liquor)
Days/Hours of Operation: 6 / lunch & dinner