Remodeled Restaurant And Cocktail Bar, Low Rent

Berkeley, CA
Alameda County

Asking Price: Annual Revenue:
$275,000 $1,600,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Remodeled Restaurant And Cocktail Bar, Low Rent Broker: Seller of Business
License #: 01310250

Quick Facts

Asking Price: $275,000
Annual Revenue: $1,600,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: Not Disclosed
BBN Listing #: 684711533
Broker Reference #: 3708

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Business Overview:

Remodeled Restaurant And Cocktail Bar With Low Favorable Lease Terms

RRC#: 3708
Asking Price: Offered At $275,000
Location: Alameda County
Annual Revenue: $1,600,000
Monthly Rent: $14,000

Listing Description:
Newly remodeled restaurant space on a busy thoroughfare in Berkeley for sale. The restaurant space totals 6800 square feet, and features a café area, the main dining room, and a bar to the side of the dining room. These sub-areas within the restaurant are not separated by walls, but the layout ensures a feeling of separation between each space, which presents the advantage of being able to use the café area as a café space that is open for morning coffee/pastry service while the rest of the restaurant is closed, AND/OR a space for processing delivery and to-go orders during all hours of operation.

Furthermore, the spaciousness of the restaurant combined with the favorable rent to square footage ratio makes this an ideal location for serving dine-in customers in the age of social distancing.

The owners invested approximately $1,000,000 into remodeling the restaurant space in 2018, and the new look is contemporary and polished, featuring gorgeous hard wood floors.

The current concept is Italian, and features 2 wood fire pizza ovens. The restaurant also features a large kitchen space. A portion of the kitchen space is open and visible to the front of the house, while a portion is closed off from public view. This setup enhances the capacity to simultaneously service pickup/delivery business and dine-in business.

The combination of the location, buildout, equipment included in the sale, layout of the space, and square footage to rent ratio make this business an outstanding deal.

Although there is a long term lease in place the landlord is willing to negotiate new terms of this deal that are favorable to the right buyer. A full equipment list is available upon request.

General Information:
Organization: LLC
Established: 2018
Current Owner:
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $133,334
Annual Revenue: $1,600,000
Cash Flow: Contact For Info
Payroll: Contact For Info

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Property Features and Assets:

Hours: 9am - 2pm 5pm - 11pm Wednesday - Sunday. Parking: lot and street.

Reason for Selling:

Other Interests.

Additional Details:

  • The property is leased.
  • The owner is 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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