Advert Ref: 5126-RL

Restaurant With Strong Sde & Type 47 For Sale

  • Berkeley, California - North
Asking price:
$279,000
Sales revenue:
Undisclosed
Net profit:
$100k - $250k

Photograph of this business for sale

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 a 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.

Additional details:


-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

-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

- 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.

- Restaurant has operated since 2007 and has enjoyed the benefit of or a loyal customer base for 13 years.

-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.

- 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 sale. Fixed assets are property of the landlord and some personal items may be excluded.

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.

Property:
Leasehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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