Business for Sale Overview:
This Marina Del Rey / Venice Beach Area restaurant with beer and wine is a local favorite that continues to grow. The restaurant’s ideal location, which attracts the locals, tourists and beach-gowers alike, provides a tranquil setting that ideally fits this restaurant’s high-end, yet beach causal concept. The restaurant, which is only open for lunch and dinner despite customers near demands for a breakfast offering, has managed to carve out a unique market niche that has remained unmet in the neighboring beach side communities. Additional opportunities for growth, apart from the natural organic growth the venue continues to receive from its stellar online reviews and its word of mouth referrals, include delivery service (which customers continue to request), aggressive advertising (website creation, online ads, City search, coupon mailers, etc.). and valet service.
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:
The 1,900 square feet restaurant (with sidewalk seating) leases for $5,250 per month including common area maintenance expenses on a lease until December 2011, with one five year option. The sale includes a beer and wine license (allowing for service 11 am – 11 pm), and the condition use permit allows for limited entertainment. The restaurant has a fully equipped kitchen, male and female rest rooms, and seating for up to 60 persons.
Market Competition and Expansion:
Marina Del Rey, Venice Beach and Main Street Santa Monica have a plethora of formidable dining concepts. The restaurateur, however, has managed to carve out a unique market niche that sets it apart from the competition. The business’s unique concept, convenient location, and its plentiful growth opportunities, should help ensure a long term sustainable advantage over its competition.
Though this business has a delivery friendly concept, they do not do it. Similarly, they do not offer breakfast service (despite customer requests), and have yet to implement valet parking (which should also prove profitable). Aside from passing out flyer's in the neighborhood, this seller has not engaged in any formal marketing activities.
Reason for Selling:
Personal
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.