Restaurant With Patio And Beer & Wine
Location:
United States
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California
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Southern California - Los Angeles Area
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Los Angeles
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This restaurant with beer, wine, a parking lot and sidewalk seating is located in a highly coveted location in the heart of Silverlake. This well-established restaurant for sale is known to all of those in Silverlake - as well as to new and long-standing residents in the neighboring Los Feliz, Atwater Village, and Echo Park residential and business communities. The corner location restaurant offers excellent street frontage and visibility, roughly 15 semi-exclusive parking spaces. The restaurant boasts a new top of the line 450 bottle wine cabinet, a new PC based point of sale and credit card processing system, and a 1,600-patron customer database.
Asking Price $199,000.
The 1,250 sq. ft. restaurant leases for $4,000 per month including CAM expenses on a lease until January 2012, with one five year option. The sale includes a beer and wine license without any major restrictions, a fully equipped kitchen, and a plethora of recent renovations (that costs over $100,000) including refurbished sandwich tops, refrigerators, a new air conditioning unit, and furniture and fixtures to serve over 60 patron in the interior and 20 on the patio.
This turnkey restaurant is located in a coveted Silverake location that offers its patrons excellent access from (and food deliveries to) Hollywood, Los Feliz, Glendale and beyond. Many food or beer and wine bar concepts could thrive in this coveted location, including fine and casual dining, or even fast food! Similarly, new operators may seek to operate their venue with a focus on beer and wine sales as opposed to solely focusing on food sales.
New owners could implement a lunch-friendly concept that also caters to the daytime crowd, and take advantage of the venue's central location by capitalizing on food delivery opportunities. New management will seek to invest in an aggressive marketing campaign complete with local advertisements, flyers and coupon incentives, and a grand opening event to launch their new
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 1991
Number of Employees: 6 - 9
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.
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Print Listing Id: 700108325
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