Business for Sale Overview:
This restaurant with beer, wine, a parking lot and sidewalk seating is located in a highly coveted location in the heart of Silverlake. This well established restaurant is known to all of those in Silverlake – as well as to new and long standing residents in the neighboring Los Feliz, Atwater Village, and Echo Park residential and business communities. The corner location restaurant offers excellent street frontage and visibility, roughly 15 semi-exclusive parking spaces (with plenty of parking in an adjacent lot), and excellent signage. The restaurant boasts a new top of the line 450 bottle wine cabinet (plus room to store an additional 500 bottles), a new PC based point of sale and credit card processing system, and a 1,600 patron customer database.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The 1,250 square feet restaurant plus patio leases for $4,000 per month including common area maintenance expenses on a lease until January 2012, with one five year option. The sale includes a beer and wine license without any major restrictions, a fully equipped kitchen, and a plethora of recent renovations (that costs over $100,000) including refurbished sandwich tops, refrigerators, a new air conditioning unit, and furniture and fixtures to serve over 60 patron in the interior and 20 on the patio.
Market Competition and Expansion:
This turnkey restaurant is located in a coveted Silverake location that offers its patrons excellent access from (and allows for food deliveries to) Hollywood, Los Feliz, Glendale and beyond. Many food or beer and wine bar concepts could thrive in this coveted location, including fine and casual dining, or even fast food! Similarly, new operators may seek to operate their venue with a focus on beer and wine sales (e.g. a beer and wine tapas bar) as opposed to solely focusing on food sales.
New owners could implement a lunch-friendly concept that also caters to the daytime crowd, and take advantage of the venue’s central location by capitalizing on food delivery opportunities. New management will seek to invest in an aggressive marketing campaign complete with local advertisements, flayers and coupon incentives, and a grand opening event to launch their new concept.
Reason for Selling:
Personal
Additional Details:
- The property is owned.
- 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.