Beautiful Restaurant with Type-47 Full Liquor License

Price: $149,000

Location: Berkeley, Alameda County CA

Industry: Restaurants and Other Eating Places

Listing ID: 5191

DESCRIPTION

Beautiful Italian restaurant in a great location with low rent and in 2019 (pre-Covid) operated with SDE of over $130K while open for 4.5 days/week. This is the perfect business for a chef looking to own a restaurant while maintaining work/life balance or as a second location to an existing restaurant. The restaurant is uniquely situated to operate well under Covid-conditions due to quick and easy access to the freeway for delivery and ample outdoor dining. If desired, Buyer can easily increase revenue by expanding hours, developing on and off-site catering.

Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial and/or legal advisers with regard to this information.

LISTING DETAILS

Cash Flow: If applicable, financial information will be shared after an NDA is submitted.

OPERATION
Year Established: Restaurant has operated since 2007 and under normal conditions

Days & Hours of Operation: Operated 4 ½ days a week serving: Lunch 11:30am-2:30pm Tuesday-Friday and Dinner 5:30-9:00pm Tuesday-Thursday and 5:30-9:30pm Friday and Saturday and was closed Sunday and Monday. Restaurant is currently operating Tuesday-Saturday, 4 pm-9pm.

Owner Hours Per Week: Both owners work part-time
Employees: 5 part-time employees

LOCATION
Monthly Rent: $4,030
Square Footage: Restaurant is 2114 sqft (approx.) with inside seating for 65 (approx.) and a private, covered patio area for 40. Elegant, soundproof, floor-to-ceiling drapes provide flexibility in dining room seating to allow for private dining for up to 24 guests

Facilities Information:

Rent is $4,030 gross and includes water and sewer. Current lease terms expire February 28, 2030. Lease is assignable to qualified buyers.

Back-of-the-house has a semi-open line with a 15’-0” Type-1 hood; a single unit 6 burner stove, oven, and 2-basket deep fryer; 2-door refrigerator; triple sink; hand sinks; prep sink and more

Premise is licensed with a Type-47 full liquor license which allows for the sale of beer, wine and spirits.

Inventory is valued at approximately $9,000 which is not included in the purchase price. Buyer may purchase at wholesale cost.

Price Includes: Furniture, fixtures and equipment, leasehold improvements, menu, recipes, DBA and goodwill are included in the sale. Fixed assets are property of the landlord and some personal items may be excluded.

For more information on this listing, please complete our Non-Disclosure Agreement

CONTACT DEAL OWNER

Ryn Longmaid

Phone: (707)-503-9335
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