#5967
Alameda County

High Volume Full bar and restaurant for sale in Berkeley near the hill

$395,000
Available
High Volume Full bar and restaurant for sale in Berkeley near the hill



ADD TO FAVORITE

Established high volume restaurant/bar for sale in Berkeley near the hill. This restaurant has served the Berkeley/East bay community since 1996 with great Yelp reviews. Rustic decor a with open kitchen concept which come with 3 Wok station with 2 mandarin wok per cook, back patio private party room and a full bar. Recently renovated, they offer hot pot at the bar as well as regular menu. Approximately 2800 sq ft with 120 seating capacity. There are 2 ADA restroom, break room upstairs with shower and restroom. Landlord will provide new lease at $9500 PLUS NNN.  Monthly sales is at $120,000 with semi-absentee run owner. Type 47 hard liquor license is included

This is a The Real Estate Discount Concept listing.
Commercial Realtor Tommy Tran DRE License #01439113

Lease

Region:
Alameda County
Lease Term:
Landlord will provide new lease
Total Monthly Rent:
9500+ NNN

Financials

Last Year's Annual Gross:
$1,440,000

Operations

Liquor License:
47
# of Full-Time Employees:
6
# of Part-Time Employees:
6
# of Working Owners:
1
Hours Open:
Open everyday from 11:30-2:30pm. 4:30pm -9:30pm
Year Established:
1996
Hood System Type 1:
Yes

Facilities

Indoor Seating:
120
# of Parking Spots:
street parking
Inside Sq. Ft.:
2,800

Highlights

  • Can convert
  • got lots growth potential
  • recently renovated
  • Type 47 hard liquor license

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 23,264 140,366 304,182
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,714 61,104 124,761
2010 Persons Per Household 2.33 2.23 2.31
Median House Value $854,320 $639,870 $540,785
Income Per Household $139,353 $74,135 $70,621
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 504 4,259 8,246
2012 Number Of Employees 4,754 88,238 219,502
2012 Total Annual Payroll $103,019,000 $2,029,379,000 $4,294,967,295

click for more demographic info

Disclaimer

This information has been secured from sources we believe to be reliable but we make no representations, warranties, express or implied, as to the accuracy of the information. Listing broker has been given enough information to provide only a preliminary interest in the property. The materials are not to be considered fact. The information contained herein is not a substitute for thorough due diligence investigation. References to square footage, zoning, use, or age are approximate. Any renderings should be considered conceptual in nature and such renderings do not represent the current condition or what can or may be done to the property. Neither broker or landlord represent that this space is suitable for your use. Tenant or Buyer must verify the information at their own expense and bears all the risk for any inaccuracies.

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