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#3079
San Francisco East Bay Restaurants For Sale

Very Nice Restaurant and Bar Located in West Berkeley

$50,000
Very Nice Restaurant and Bar Located in West Berkeley
This Listing is Expired

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!

This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Scott Beaton DRE License #01853968

Lease

Region:
San Francisco East Bay Restaurants For Sale
Lease Term:
New 5yr Lease + Renewal Option
Total Monthly Rent:
$4,931

Facilities

Inside Sq. Ft.:
2,072

Highlights

  • Turn key restaurant and bar in Berkeley.
  • 20 year in business!
  • Famous back bar fixture perfect for any cuisine.
  • Premise has 2072sq/ft.
  • Type 47 Hard Liquor License
  • Landlord willing negotiate the lease with qualified buyers.
  • Sellers are ready to retire.
  • No financial statements will provided.
  • Rent Reduced!

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

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

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.

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