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Remodeled Freestanding Restaurant & Bar

Berkeley, California : Restaurants
Listing #2806

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. Although most of the equipment is owned by the landlord the tenant has the right to use it for no charge and if desired the equipment can be purchased from the landlord for a nominal amount. 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 |

Asking Price:

$295,000

Gross Income:

$2,028,576

(last 12 months)
Cash Flow:

$183,972

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

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. Although most of the equipment is owned by the landlord the tenant has the right to use it for no charge and if desired the equipment can be purchased from the landlord for a nominal amount. 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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