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 Info

  • OrganizationLLC
  • Established2018
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • SeatingContact For Info
  • Square Feet6800
  • ParkingParking Lot and Street
  • LicensesABC Type 47, Health and Business
  • Open Hours9am - 2pm 5pm - 11pm Wednesday - Sunday

Lease

  • Rent$14,000
  • ExpirationDecember 2027
  • Yearly Increase3% Annual Adjustment
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$133,334
  • Monthly Cash FlowContact For Info
  • Annual Revenue$1,600,000
  • Annual Cash FlowContact For Info
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location