Business For Sale

Remodeled Freestanding Restaurant & Bar

Berkeley, CA
Alameda County


Asking Price: Annual Revenue:
$295,000 $2,028,576

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Remodeled Freestanding Restaurant & Bar Broker: Steve Zimmerman

Quick Facts

Asking Price: $295,000
Annual Revenue: $2,028,576
Net Profit: Not Disclosed
Cash Flow: $183,972
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 495011533
Broker Reference #: 2806

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Business Overview:

Remodeled Freestanding Restaurant & Bar - On Major Street: $2+ Million Sales $183,900 Profit

RRC#: 2806
Asking Price: $295,000
Location: Berkeley, Alameda County, California
Yearly Revenue: $2,028,576
Yearly Cash Flow: $183,972
Monthly Rent: 27,392 all inclusive

LISTING DESCRIPTION:
This handsomely designed restaurant and bar was built at a cost in excess of $1.5 million has tremendous upside and is currently operated by an absentee owner. It formerly did $3 million plus sales and has the potential to do in excess of $3 million sales. The restaurant has a separate bar and lounge area, several lounge areas, a display kitchen, comfortable separate dining rooms throughout and two outdoor seating areas. There are 2 ADA restrooms and the building is totally ADA accessible. There are several storage areas, an employee restroom and changing area, office area, prep kitchen, dish washing area and utility room. Some of the equipment includes as follows: 15'' type 1 hood with fire suppression system, 10 burners + 2''6" flat grill over 2 ovens, salamander, 3 double basket fryers, 5'' special cooking unit, 2 large special cooking units, 3 ice bins, 4 hand sink, 2 -3 full door refrigerators, ice bin, 5 -2 door under counter refrigerators (1 with 17 drafts, 1 with sandwich station), 2 -3 door under counter refrigerators (1 with sandwich station), 2 compartment ice cream freezer, 2 food warmers, 6 flat screen TV''s, POS system, alarm system, utility sink, slicer, full door holding oven, 2 - 1 door under counter refrigerators, ice machine, walk-in refrigerator, 3 compartment sink, dish washing sink + rinse hose, 30+ employee lockers and full door freezer, etc,

GENERAL INFORMATION:
Organization: Corporation | Seating: 199 inside + 40 outside | Square Footage: 5,900 + outdoor seating areas | Parking: Parking lot and street parking | Licenses Required: Business, ABC Type 47 (hard liquor) | Days Open/Hours: 7 / M-TH: 11:30a -10p F 11:3a-11p SA/S 10:30a-11p/10p | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $2,028,576 | Yearly Cash Flow: $183,972 |

LEASE INFORMATION:
Monthly Rent: 27,392 all inclusive | Lease Expiration: 9/2022 | Lease Option: 5 years |

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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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