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Silverlake Restaurant & Bar W / Patio & 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 Silverlake area restaurant and bar with liquor, onsite parking, excellent street visibility boasts what may arguably be the most coveted outdoor patio in the area. The restaurant has 2 separate interior dining areas that open into an adjacent 12 seat bar as well as its outdoor patio and manager's office. The kitchen has a large walk-in cooler, a separate walk-in freezer, a large dry storage room, prep room and a comprehensive line with deep fryers, a grill, griddle, stove and 2 convection ovens.

This 4,600 square foot venue has seating for just over 100 inside. It boasts a remarkable 1,900 square foot patio that can accommodate nearly 100 outside. The premise leases for $12,000 per month on a lease until 2028 with one 10 year option. The business's furniture, fixtures, equipment, goodwill and Type 47 Liquor License will be included in the sale.

While competition exists throughout the ever popular Silverlake, Los Feliz, Echo Park and Atwater Village enclaves, few if any have as attractive of layout or spaciousness.

New operators may continue with the current concept that has proven successful for nearly 40 years or they may capitalize on the venue's attributes and versatility. The space can adapted to accommodate any number of concepts.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,800,000
Cash Flow:   $1,500,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  1980
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 weeks at 20 hours per week or as negotiated
Reason For Selling:  Personal

Photos

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Silverlake Restaurant & Bar W / Patio & Parking Photo 1




Print Listing Id: 700354105
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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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