Near University Remodeled Meredian Restaurant And Wine Bar For Sale

Business description

Remodeled Meredian Restaurant And Wine Bar Near The University

RRC#: 1560
Asking Price: $225,000
Location: 2050 Universtiy Avenue, Berkeley, California
Yearly Revenue: Contact For Info
Yearly Cash Flow: Contact For Info
Monthly Rent: $11,800 all inclusive

LISTING DESCRIPTION:
Over $500,000 was spent on remodeling this space which is tastefully done with a large glass frontage, high ceilings and tile floors. The floor plan was comfortably designed with different elevations of seating with a combination of booth seating, bar height tables and chairs and comfortable lounge style tables and chairs as well as a uniquely designed U shaped wine bar. There is a full kitchen and a large storage area which could be converted to a banquet room. There is a large outdoor area which has been approved to have food and alcohol which could easily be converted to a seating area which could accommodate approximately 100 guests. This outdoor seating area backs up to the Berkeley Rep Theaters courtyard and the Berkeley Rep Theater would allow the subject business to open up an entry way to its courtyard area into the restaurants outdoor space which could be a big source of business for the restaurant as the Berkeley Rep Theater has 5 or 6 shows a week. Some of the equipment includes as follows: 13' type 1 hood with fire suppression system, 6 burners over oven, salamander, full door refrigerator full door freezer, convection oven, 2 double basket fryers, 3 - 2 door undercounter refrigerators (2 with sandwich stations and 1 with 12 taps), 4' char grill, 4 refrigerator drawers, walkin refrigerator, walkin freezer, microwave, utility sink, 3 compartment sink, sink + rinse hose, ice machine, mop sink, 2 hand sinks, 3 - 3 door undercounter refrigerators (2 with 6 taps on top), ice bin, coffee grinder, 2 group espresso machine, 3 door undercounter glass refrigerator, Aloha POS system with 2 terminals, 8 flat screen TV's and a giant screen TV and 3 printers and digital picture frame on exterior for marketing special events, etc. There is also an upstairs area used for storage and office use, a mezzanine for additional storage and 4 restrooms (2 of which are ADA). The current restaurant concept is not well executed and a strong hands on owner operator could maximize sales and profits here.

GENERAL INFORMATION:
Organization: LLC | Seating: 104+ potential outdoor seating of 100 approx | Square Footage: 4,400 + outdoor seating area | Parking: Street and parking lots in area | Licenses Required: Business, ABC Type 41 (beer & wine) | Reason For Sale: Other interests |

FINANCIAL INFORMATION:


LEASE INFORMATION:
Monthly Rent: $11,800 all inclusive | Lease Expiration: 5/31/18 | Lease Option: negotiable |