Restaurant With Full Liquor & Patio
Location:
United States
->
California
->
Southern California - Los Angeles Area
->
Los Angeles
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This day-time oriented West Hollywood restaurant for sale with a parking lot, patio and full-bar (offering full liquor) is an established earner that can be run 'as is', or may be successfully be turned into any number of daytime, evening or even late night bar-oriented concepts. The location, and its unique lease and additional attributes, are rare in this coveted restaurant and entertainment corridor. This facility with a full-liquor license has indoor seating for 135, plus room for another 35 or so patrons on the spacious outdoor patio.
Asking Price $799,000.
The 4,600 sq. ft. restaurant with a full-bar, a 700 sq. ft. patio (approximate), and a 15+ space parking lot leases for $12,000 per month on an incredible lease with no annual increases for 18 years! The facility's conditional use permit allows for patio dining until 1 am, as well as non-amplified music.
While this restaurant is located ''on the Boulevard'' East of Doheny and West of Crescent Heights, it is not considered a strictly alternative venue. This venue could be taken in any direction. A new owner could ride out the current concept 'as is' and be successful for decades to come, or a new owner-operator could capitalize on this establishment's liquor license, bar, patio and parking lot and open an full-fledged evening oriented restaurant, bar or lounge and social venue.
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
$1,260,000
Cash Flow:
$210,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $30,000
Seller Financing: No
About The Business
Year Established: 1999
Number of Employees: 20 - 34
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 20 hours / week.
Reason For Selling: Personal.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
|
Print Listing Id: 700106871
|
Business and Commercial Loans
Over 300 Lenders are waiting to help you with Financing for Business Purchase, Franchise, Commercial Mortgage or Equipment - Get Financing Now!
|
|
|
|
NEWSLETTER
|
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|
|
|
|
