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Restaurant & Bar
Location: United States -> California -> Southern California - Los Angeles Area -> Calabasas
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This Calabasas area restaurant and lounge boasts a customer embraced fine dining concept with an upscale buildout, a large wine room, an indoor and an outdoor bar, a spacious outdoor patio as well as live entertainment! The sophisticated venue also has a spacious chef-friendly kitchen with a large walk-in cooler and all of the necessary equipment for any number of concepts.

Asking Price $350,000

This 6,400 square foot restaurant leases for $11,000 plus $3,000 in Common Area Maintenance (CAM) Expenses per month on a lease that expires in 2019 with 2 five year options. All of the business's furniture, fixtures, equipment and Type 47 Liquor License as well as any permits associated with live entertainment will be included in the sale. Approximately $15,000 - $20,000 in inventory will be sold at cost at close.

While competition exists in this popular area, this venue has carved out a unique market niche with its fine dining concept that separates it from nearby dining and revelry options, thus limiting direct competition.

New operators may wish to take this extraordinarily well-appointed venue in any number of directions. While they will need to modify the name, menu and website, new management can still build upon the current concept, or they pay prefer to capitalize on the versatile build-out and location to launch any number that could potentially thrive in this indoor and outdoor location.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $1,598,082
Cash Flow:   $150,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $100,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2013
Number of Employees:  20 - 34
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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Restaurant & Bar Photo 1




Print Listing Id: 700282506
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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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