ESTABLISHED MEDITERRANEAN RESTAURANT - OAKLAND, TYPE 47 LICENSE

This profitable Mediterranean restaurant represents a rare opportunity to acquire an established, turnkey operation in one of Oakland's premier dining destinations. Located on Piedmont Avenue, a dense, walkable corridor with strong foot traffic and an affluent residential base, this restaurant holds the unique distinction of being the only Mediterranean concept in the area.

FINANCIAL PERFORMANCE:
• Annual Revenue: $956,888
• Cash Flow (SDE): $175,000
• Net margins: 20-21% (POS-verified via GoTab + Toast)
• Clean, well-documented financials with full P&L available
• Established vendor relationships across multiple suppliers

KEY ASSETS:
• Full Type 47 liquor license - a valuable, hard-to-obtain asset
• 1,800 sq ft restaurant space
• FF&E valued at $100,000
• $15,000 inventory (included in asking price)
• Owner-occupied building valued at $2,600,000
• Turnkey marketing infrastructure including active Google Ads, optimized Google Business Profile, and functioning website with online ordering

COMPETITIVE ADVANTAGES:
• Zero direct Mediterranean competitors in immediate area
• Prime Piedmont Avenue location with established foot traffic
• Absentee owner operation demonstrating systems-dependent business model
• Growth-ready infrastructure already in place

GROWTH OPPORTUNITIES:
• Expanded marketing and digital advertising to capture broader Bay Area demand
• Late-night bar/lounge concept with live entertainment during underutilized hours
• Catering and private event expansion
• Delivery platform optimization across major platforms
• Scoped late-night bar/live-music concept ready for implementation

This turnkey operation is ideal for an owner-operator or group seeking an established, profitable concept with room to expand revenue streams without rebuilding brand or infrastructure. The seller offers support and training to ensure smooth transition.

Asking Price: $345,000