Italian Restaurant with strong SDE and Type 47

Price: $279,000

Location: Berkeley, CA

Industry: Restaurants and Other Eating Places

Listing ID: 5126

DESCRIPTION

Beautiful Italian restaurant in a great location with low rent and SDE of over $130K in 2019 while operating only 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. Current owner will train the qualified buyer. 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. Low rent lends itself to operate as a ghost kitchen while an operator could still enjoy healthy revenue with onsite sales due to the large dining room and outside seating. If desired, Buyer can easily increase revenue by expanding hours, developing on and off-site catering, and leveraging the Type 47 full liquor license by developing a beverage program. Seller may consider financing to a qualified buyer.

LISTING DETAILS

Cash Flow: $172,500

OPERATION
Year Established: Restaurant has operated since 2007 and has enjoyed the benefit of or a loyal customer base for 13 years.

Days & Hours of Operation: Under pre-covid conditions, 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. Closed Sunday and Monday.

Owner Hours Per Week: Under pre-covid conditions, 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. Closed Sunday and Monday.
Employees: Chef/Owner works fulltime with 4 full-time and 3 part-time employees (in the kitchen) and 11 part-time FOH. We had 8 FT equivalent employees.

LOCATION
Monthly Rent: $3,700
Square Footage: The restaurant is 2114 sqft (approx.) with an inside occupancy of 75 and patio seating for 40. Elegant, sound proof, floor-to-ceiling drapes provide flexibility in dining room seating allowing for private dining for up to 24 guests

Facilities Information:

Rent is incredibly low for the area at $3,700 gross which includes water and sewer. Current lease terms expire February 28, 2030. Lease is assignable to qualified buyer.

Dining room features tall ceilings with large windows, exposed brick and metal structural features. Combination seating offers a mix of banquettes, tables and bar as well as patio seating in a the beautifully landscaped courtyard that features a large, original water fountain that lends a calming and dynamic atmosphere.

Back-of-the-house has a semi-open line that features a 15’-0” Type-1 hood: and 9’-0”; a 6’ X 5’ Walk-in refrigerator; 7’ X 5’ Walk-in freezer; 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 currently license with ABC Type-47 Full liquor license

Very loyal client base for last 13 years

Price Includes: Furniture, fixtures and equipment, leasehold improvements, menu, recipes, DBA and goodwill are included in the

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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