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Businesses For Sale > Business For Sale in 4029 Piedmont Ave, Oakland CA, California (CA)

STRONG $$$ Profits & Sales in 2020! A+ Piedmont Ave. Location in Oakland for sale in 4029 Piedmont Ave, Oakland CA, CA

4029 Piedmont Ave, Oakland CA, California (CA)

Asking Price: Gross: Cash Flow:
$ 190,000 $ 1,591,571 Undisclosed

Business Summary:
RRC#: 3969
Asking Price: $190,000
Location: 4029 Piedmont Ave, Oakland CA
Annual Revenue: $1,591,571
Annual Cash Flow: Contact for Info
Monthly Rent: $6675 in 2020 & $7667 in2019 +nnn

Listing Description:
This full service, upscale restaurant did nearly $1.6Million in sales in 2019 with strong SDE profits, while only operating 6 dinner shifts a week. In 2020, they were able to maintain nearly $1Million in sales with an SDE profits over $100,000 after adjustments to their operations and hours.
A savvy Chef owner could utilize the many revenue streams that have made this business successful as well as extend hours to include lunch or brunch. The owners has now pivoted the business to an elevated sandwich hot spot, and still produces high volume and profits during 2021.
A new owner will profit from this amazing high-traffic location, that is one of the most coveted, food focused streets and in Oakland.

This truly Turnkey space was designed with such attention to detail through a Chef's eyes. The rustic and homey space is versatile for many uses . The open kitchen boasts one of a kind custom fixtures and details including, patina copper fixtures and hood, and over 70 feet of long butcher block counters, a rare brick hearth oven for smoking, roasting and grilling, 1 10ft Type -1 Hood, 1 4ft Type-1 Hood, Montague & Imperial equipment and ample top of the line equipment throughout the kitchen and space. A true CHEF's dream kitchen! (equipment list available upon request)

Within this outstanding restaurant space there are 49 seats within, 4 bar seats, a 12-top Private Dining room and Outdoor Alley Patio seats. This sought after, high traffic location is located on one of the most coveted foodie streets and premier neighborhoods in Oakland.

Don't pass up this Chef focused space!

General Information:
Organization: Corporation
Year Established: 2013
Current Owner: 2013
Employees: Contact for Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $132,664
Monthly Cash Flow: Contact for Info
Annual Revenue: $1,591,571
Annual Cash Flow: Contact for Info
Payroll: Contact for Info

Facilities:
Square Feet: 1580 ground floor, +1580sq ft in basement and storage
Seating: 49 inside, 4ADA, 12 Private Room, 20 Patio/Alley
Parking: Easy Street and Lot parking
Days/Hours of Operation: 2019 dinner only, currently lunch and dinner

 

   
Year Business was Established: 2013
   
Facilities / Terms of Lease: Square Feet: 1580 ground floor, +1580sq ft in basement and storage
Seating: 49 inside, 4ADA, 12 Private Room, 20 Patio/Alley
Parking: Easy Street and Lot parking
 
   
Owner willing to train: Yes  
   
Reason for selling: Other interests  
   
Seller Reference Number: 3969
BusinessMart.com Listing Number: 270224
 

 

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For more info contact:

Steve Zimmerman

Restaurant Realty Company
888-995-9701

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