Seller's Contact Information
- RE: Immaculate, Equipped Restaurant For Sale
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $179,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2010 | |
| Employees: | 8 | |
| BBN Listing #: | 266911533 | |
| Broker Reference #: | 4359 |
Business Overview:
Immaculate, Equipped Restaurant for Sale, on a High-Visibility Berkeley Thoroughfare
RRC#: 4359
Asking Price: $179,000
Location: Berkeley
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Monthly Rent: $6,543 (estimated NNN = $380)
Expiration: 11/31/2024 plus one 7year option
Listing Description:
This unique, amazingly maintained, fully equipped and versatile space is now for sale! It sits on a busy Berkeley corridor and its neighbors include popular food, coffee and retail stores, as well as many new and upcoming condo and apartment complexes. Up to three new complexes are planned on the immediate blocks.
The lease has nearly 10 years left between the current term and one 7-year option to extend. Additionally, the monthly lease rate is $6,232/month, which for this size of space and great location is amazing!
The current owners invested heavily in this top tier space and equipment when they opened their specialty organic restaurant just over 10 years ago. The two level space is one-of-a-kind with raw wooden vaulted ceilings and open design. The business historically has been profitable, and sold nearly $950,000 in 2019. The owners are currently content with operating more limited hours, but a new operator has a lot of room to expand hours and sales.
It has a long list of included equipment that has been kept in very good and clean condition. Additionally, there is other specialized baking equipment for an added negotiable cost.
The kitchen is sparkling and includes a Type 1 Hood. The service area has a 10 Tap Beer System, Espresso & Coffee station and a filtered water system. There is extensive open seating for roughly 90 guests inside and limited sidewalk seating as well. The main floor also has four private restrooms, two of which are ADA.
The mezzanine or upstairs include a large private office, employee room with washer & dryer, extra storage and even a health department approved added food prep area.
The building even boasts a photo-voltaic module, solar panel system on the roof which saves at least $4,000 - $5,000 per year.
A full equipment list can be provided upon request.
This space and location is a MUST SEE, so reach out now for more information and a tour time!
General Information:
Organization: LLC
Year Established: 2010
Employees: 8 (20 pre pandemic)
Reason For Sale: Other Interests
Financial Information:
Monthly Revenue: Contact for Info
Monthly Cash Flow: Contact for Info
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Annual Payroll: Contact for Info
Facilities:
Square Feet: 2,938 main floor, 574 mezzanine, 200 added storage
Seating: 99 capacity, 89 seats
Parking: Easy Metered Street Parking
Days/Hours of Operation: 11am-530pm (Tenant permitted to operate 6am-11pm)
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Square Feet: 2,938 main floor, 574 mezzanine, 200 added storage Seating: 99 capacity, 89 seats Parking: Easy Metered Street Parking
Reason for Selling:
Other Interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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