Business for Sale Overview:
This Steak House is located in a prime location on Ventura Blvd in Encino California. This facility is fully equipped and has a class 47 liquor license and $50,000 in liquor and food inventory that is included in the sale price. The restaurant was remodeled in 2007 at a cost of over $1,000,000. This location would be very desirable for a Sea Food or practically any other type of restaurant. There is ample parking in the rear of the restaurant.
The restaurant is decorated in gray and brown colors, this spacious restaurant has three dining rooms to allow customers added privacy. There is the small and cozy dining area when you first come in where you can get a nice view of Ventura Blvd. The restaurant has a large and sleek, liquor bar with top quality spirits and wines from around the world. Diners can choose to sit at the bar and watch sports on their two flat screen televisions. The restaurant has a large banquet room that can accommodate up 60 people.Lease Term 15 years - CPI Adjusted yearly – Rent $15,000 per month The seller is selling as he is leaving the state.
Gross Sales 2008: $1,420,283 + Catering
Gross Sales Jan-July 2009: $674,386 + Catering
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
5,000 Sq. Ft. Recently remodeled at a cost of $1,000,000
Ample parking in rear of building.
Reason for Selling:
Owner is leaving the State of California.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.