Bistro With Beer, Wine & Parking
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 La Cienega bistro for sale with beer, wine and parking has those qualities that everyone seeks when trying to establish a new restaurant concept, or expand an existing one. This restaurant has a high visibility location with convenient access to locals and tourists alike. It feeds off of the Beverly Center and nearby hotel traffic, but also is close enough to the Sunset Boulevard action to attract those out for an evening on the town. With neighbors that include some of the biggest names in the restaurant industry, this location will be ideal for the right restaurant concept.
Asking Price $99,000.
This 1,400 sq. ft. facility leases for $4,700 per month, with a lease until February 2010, and a two year option to renew. The facility comes equipped with a full kitchen, manager's office, male and female restrooms, and a beer and wine license.
This business is located on La Cienega, between Santa Monica Boulevard and the Beverly Center in West Hollywood. As such, it has fantastic street visibility. Naturally, there are several highly popular venues in the area that feed off of one another; however, this one has an actual dedicated parking lot, as well as a beer and wine license which provide it a unique competitive advantage over the others.
A buyer will likely seek to build upon the current concept, or change it all together. Given the location, beer and wine license, and onsite parking lot, a new owner may seek to launch any number of venue from this tremendous space.
Financials
Asking Price Range: < $250K
Gross Revenues:
$336,000
Cash Flow:
$60,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 2008
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: 700111162
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