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Westwood Restaurant With Beer & Wine Business
Location: United States -> California -> Southern California - Los Angeles Area -> Woodpie
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This well established Westwood area restaurant boasts a highly visible, high traffic location with beer, wine and sidewalk seating. The location lends itself to deliveries as far north as Bel Air, with the UCLA Campus, Westwood, West Los Angeles and Brentwood all in its backyard. Approximately 9.0% of the business is comprised of lunch diners, so there is significant room for top line revenue growth by extending the daytime hours and opening 7 days per week. About 13% of the sales are generated from delivery business and 8% is take-out.

Asking price: $245,000

This 1,650 square for restaurant leases for $6,610 per month including common area maintenance (CAM) expenses, on a lease until January 2022 with one 1 five year option. The facility has a comfortable manager's office and separate male and female restrooms as well as a service area with a cappuccino maker. The kitchen has an oversize oven, grill, stove, ice machine, prep tables, walk-in cooler, 1 door freezer and dishwashing unit. All of the venue's furniture, fixtures, equipment and goodwill will be included in the sale. Approximately $5,000 in wine and food inventory will be sold at cost at close.

The concept has been established for nearly 20 years and the venue has amassed a large loyal client base as a result. Its prime location with excellent main street visibility, tremendous goodwill including its recipes and loyal following provide it a sustainable advantage over alternative options and any future industry entrants.

While new operators may wish to carry to the torch forward and manage the restaurant with the same menu as the current owners, they may also wish to elaborate on the concept and add their preferred menu additions, open for weekend lunch brunch service or open on Tuesdays as the current operation closes one day per week. Alternately, they may adopt the name and potentially the concept to suite their taste.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $718,089
Cash Flow:   $162,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2002
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

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

Photos

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Westwood Restaurant With Beer & Wine Business Photo 1




Print Listing Id: 700347331
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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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