Hot Listing

Popular World Famous Turf Club w/Building

Asking Price$3,000,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$2,450,000
Included in asking price
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Hot Listing

Popular World Famous Turf Club w/Building


Asking Price$3,000,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$2,450,000
Included in asking price
Business Description
includes liquor license, +/- 4000 sq ft building, 4,000 sq ft outdoor
THE local gathering place with a long history of fabulous, diverse, inclusive events. The ideal buyer would be one who will carry on the legacy of the historical World Famous Turf Club and take it to new heights and take full advantage of the incredible growth potential to highlight the highly improved, underutilized space. As the broker for the sale, I'd be lying if I didn't admit to considering buying this business and the building myself.

Visit during business hours Mondays - Fridays 5:00 p.m.-1:00 a.m., Saturdays and Sundays 3:00 p.m.-1:00 a.m. Kindly refrain from asking staff questions about the sale.

The sellers are willing to sell the business separately with a market rent to be paid to them if they retain the real estate. Inquire about possible terms if you have a fully qualified buyer. Due to the high profile nature of this business, the sellers require a non-disclosure agreement and proof of financial viability before further information is disclosed.
About the Business
Years in Operation
66
Employees
12 (2 Full-time, 10 Part-time)
Manager who's been there nearly 20 years would like to stay, turn-key
Facilities & Assets
Two parcels at 22519-22521 Main Street and 953 W. A Street, Type 48 California Liquor License. The real estate with additional rent-paying tenant and the occupied residential space of the property has one bedroom, living room with fireplace, solid wood built-in features, full bathroom, kitchen, laundry room, and the building has a partial basement. The parcel behind the business at 953 W. A Street holds the tiki bar, stage, DJ booth, foodservice area, chair lift, beautiful solid decking, storage and mature palm trees.
Website
https://www.worldfamousturfclub.com/
Market Outlook / Competition
Well-established legacy business with 40 years under current ownership, established in 1960. A safe, clean, trusted, inclusive community gathering place. Walk Score: 98. This commercial / residential mixed-use real estate is located in the vibrant and energetic Downtown Hayward with new streets, sidewalks, streetlights and traffic management infrastructure. Blocks from BART, property is also surrounded by free public parking lots, ample free street parking, coffee stops, restaurants, City Hall, post office, public parks, new 21st-century library, etc.
Opportunities for Growth
Unlimited. The business is currently only open after 5 p.m. weeknights and after 3 p.m. weekends. Could add football/sports bar atmosphere and be open earlier on weekends.
The building includes a restaurant tenant with space that could eventually become part of servicing the business.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
3,936
About the Sale
Seller Motivation
Retirement
Transition Support
TURN-KEY business, negotiable support & training terms. Long-time employee of nearly 20 years would like to stay as manager.
Financing Options
Negotiable
Listing Info
ID
2441848
Listing Views
750
Business Location

Contact Seller

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Business Listed by: Anna May

Listing ID: 2441848 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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