Business Overview:
Established restaurant, 63 seats, $1.5 million+ sales, $300,000 profit, long term low rent.
RRC#: 1641
Asking price: $395,000
Location: Busy thoroughfare, Berkeley, California
Yearly revenue: $1,512,000
Yearly cash flow: $302
Monthly rent: $4,271 all inclusive
Listing description:
A long established business since 1993 in a strong corner location on a major thoroughfare with heavy vehicular traffic with a strong mixed market including residential and business customers. High visibility and easy access from Highway 880 contributes to the businesses consistent high volume. This restaurant has an open airy feeling with lots of windows, high ceilings, concrete floors, an open full kitchen and a combination of counter, banquette and table and chair seating with two comfortable dining rooms plus an outdoor seating area. The restaurant is popular priced which is extremely important in this economy and current approximate guest check averages per person are as follows: Breakfast - $11 Lunch - $14 and Dinner $14 and approximate twenty five percent of its business is dinner. Some of the equipment includes as follows: Type 1 hood with fire suppression system, 2 hand sinks, 4' flat grill, food warmer, utility sink, dish washing sink + rise hose, rotary toaster, 2 - 1 door under counter refrigerators (1 is a glass door), 3 glass door under counter refrigerator, walk in refrigerator, full door refrigerator, slicer, bread slicer, chopper, 2 - 2 door under counter refrigerator + sandwich station, 2 - 3 door under counter refrigerators + sandwich stations, convection oven, dishwasher, double basket fryer, 2' x 3' char grill, 4 burners + 3' flat grill over 2 ovens, 4' display refrigerator and point of sale system, etc. There is also a restroom, office and storage areas. A long term lease is available at a similar rent with cost of living adjustments. The owner is quasi absentee and an owner operator could have a big impact on increasing sales, reducing expenses and increasing profits.
General information:
Organization: Corporation | Year established: 1993 | Current owner: 1993 | Seating: 45 + 18 outside | Square feet age: 2,000 + outdoor seating | Parking: Street | Licenses required: Business, ABC Type 41 (beer and wine) | Days open/hours: 7 / 6:30 am to 9:30 pm | Reason for sale: Other interests |
Financial information:
Yearly revenues: $1,512,000 | Yearly cash flow: $302 |
Lease information:
Monthly rent: $4,271 all inclusive | Lease expiration: Negotiable | Yearly adjustment: Negotiable | Lease option: Negotiable |
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
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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