This restaurant with a beautiful full bar is located in the heart of West Berkeley’s International Marketplace, with many new condominiums opening each month.
This turnkey restaurant has the famous back bar which lends itself to any décor or cuisine and is a tourist attraction. Perfect for a chef, family or partnerships operation.
Assets include dining room furniture, artificial plants, kitchen equipment, P.O.S. system, television screens, karaoke system, P.A. System, and a type 47 ABC liquor license. The Landlord, who also owns the business, will issue a new 5 year lease with options to a qualified operator. The restaurant has 2,072 sq/ft (the current rate in this district is $2.65 per Sq. Ft.) but the landlord will certainly negotiate with a solid operator with a proven track record and good credit.
The rent has been reduced to $2.38 sqf. including nnn!
Now is the time to make that offer.
Currently, the restaurant is not being fully untilized so you have nothing but upside here. Anyone with fresh ideas and the spirit to work hard will be successful. The seller is looking forward to retiring after the family has operated this business for 20 years! Berkeley is a wonderful area with plenty of growth occuring.
At this price, there will not be financials provided so if you need to ask for them, I'd say this isn't your restaurant/bar.
"Not included in the sale is the famous back bar built in the 1800’s, light fixtures and cultural artifacts owned by the seller for the current decor."
The Bar Back does stay in the property for the new owner to utilize though!
Population | 1-mi. | 3-mi. | 5-mi |
---|---|---|---|
2014 Total Population | 7,345 | 118,064 | 307,513 |
Households | 1-mi. | 3-mi. | 5-mi |
2010 Number Of Households | 2,720 | 50,018 | 129,554 |
2010 Persons Per Household | 2.41 | 2.20 | 2.23 |
Median House Value | $540,100 | $555,730 | $534,764 |
Income Per Household | $63,125 | $67,892 | $64,554 |
Businesses | 1-mi. | 3-mi. | 5-mi |
2009 Number Of Businesses | 859 | 3,828 | 10,824 |
2012 Number Of Employees | 28,460 | 110,034 | 328,024 |
2012 Total Annual Payroll | $900,424,000 | $3,587,261,000 | $4,294,967,295 |
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