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Melrose Area Restaurant W / Liquor - Parking
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This Melrose Area restaurant and bar opportunity boasts main street visibility, onsite parking, plentiful seating and a catering permit that could host any number of concepts. The kitchen is fully outfitted with a walk-in cooler and freezer, an oven and stove, deep fryer and grill, a dishwasher and three bucket sink, and a unique additional specialty oven that is fully visible to patrons.

Asking Price $525,000

This 4,000 square foot venue will lease for $10,000 - $12,000 per month on a new, secure long term lease with terms and options to be negotiated. All of the business's furniture, fixtures, equipment and Type 47 Liquor License and Type 58 Catering Permit will be included in the sale.

This opportunity is unique not only due to its location, but also because of the multi-faceted nature of its potential offering. Its main street visibility and excellent street access, onsite parking lot, and its location near several entertainment venues provide it a competitive advantage that is difficult to match.

Due to the variety of options available, new operators may wish to take this concept in any number of directions including a chef driven fine dining concept, casual dining, a sports bar with food, etc. The restaurant has a very large and popular bar and entertainment venue in an adjacent space, which could provide a new operator the opportunity to cater to an expanded client base. The business is currently absentee operated but could tremendously benefit from an onsite working owner operator.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,000,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2006
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 Weeks at 20 hrs/wk
Reason For Selling:  Personal

Photos

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Melrose Area Restaurant W / Liquor - Parking Photo 1




Print Listing Id: 700253799
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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