Steak House Restaurant
Location:
United States
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California
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Encino
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This Steak House for sale is located in a prime location on Ventura Blvd in Encino California. This facility is fully equipped and has a class 47 liquor license and $50,000 in liquor and food inventory that is included in the sale price. The restaurant was remodeled in 2007 at a cost of over $1,000,000. This location would be very desirable for a Sea Food or practically any other type of restaurant. There is ample parking in the rear of the restaurant.
The restaurant is decorated in gray and brown colors, this spacious restaurant has three dining rooms to allow customers added privacy. There is the small and cozy dining area when you first come in where you can get a nice view of Ventura Blvd. The restaurant has a large and sleek, liquor bar with top quality spirits and wines from around the world. Diners can choose to sit at the bar and watch sports on their two flat screen televisions. The restaurant has a large banquet room that can accommodate up 60 people.Lease Term 15 years - CPI Adjusted yearly - Rent $12,800 per month The seller is selling as he is leaving the state. Price $385,000
Gross Sales 2008 $1,420,283 + Catering
Gross Sales Jan-July 2009 674,386 + Catering
Email or call David Barry 310-279-5133
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$1,420,283
Cash Flow:
$300,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $50,000
Seller Financing: No
About The Business
Year Established: 2007
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Owner will train buyer as required.
Reason For Selling: Owner is leaving the State of California.
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: 700110605
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