Historic Canyon Restaurant & Property
www.GlobalBX.com
Listing ID:
700274240
Listing Title:
Historic Canyon Restaurant & Property
Quick Link:
http://www.globalbx.com/listing.asp?bId=274240
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
California
Area
Southern California - Los Angeles Area
City:
Los Angeles
Asking Price Range:
$250K - $500K
Gross Revenues:
$540,000
Cash Flow:
Seller Will Provide
Cash Flow Type:
EBITDA
Year Established:
1937
Number of Employees:
6 - 9
Business Description:
Historic Restaurant & Property W/beautiful Grounds 2 Large Patios, $550000 Sales $6500 Gross Rent
RRC#: 2655
Asking Price: $200,000
Location: Burbank Area, Los Angeles County, California
Yearly Revenue: $540,000
Yearly Cash Flow: Contact For Info
Monthly Rent: 6500 inclusive
LISTING DESCRIPTION:
This historic, former beer garden restaurant was originally opened in 1937. It is situated on an acre lot, in a canyon, with mature trees and lovely romantic grounds, with parking for guests and overflow parking for valet. This quaint restaurant''s main floor is 1475 sq. ft, seats 51 inside and is loaded with charm. Adjacent is a 1000 sq.ft patio that seats 28. Restaurant can operate daily from 7am-11pm. The additional 1528 sq ft. banquet hall/tavern has a capacity of 79 seats and an adjacent 1500 sq.ft patio that seats 60. The floor above the restaurant was previously a full residence and now serves as office space, storage and bathroom. The grounds are well maintained with gardening service 3 times a week. There is an outdoor water feature/stream that can be reactivated with a permit that circles the entire restaurant with bridges outside that lead guests to the outdoor restrooms. Due to restrictions, the banquet hall can be booked one night per week. CUP to be renewed every 5 years. Equipment includes: 12 Ft. cook line, hood, American Range grill, charbroiler, 5ft steam table, 6 burner stove top, convection oven, double door refrigerator, single door freezer, bun pan rack, True salad prep table, undercounter fridge, Bev Air, triple undercounter beverage cooler, ice maker, ice storage bin, triple comp sinks. Banquet room has 30 ft bar, undercounter bar refrigeration, glass washing sinks, ice storage, 4 booths, additional table and chairs and fireplace. Seller is landlord and will negotiate lease for well qualified buyer.
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