Business for Sale Overview:
This Silver Lake restaurant with beer and wine is one of those rare Silver Lake opportunities that don’t often hit the open market, and when they do, they typically don’t last very long. This prime location is on a major thoroughfare, includes parking, main street exposure, a beer and wine as well as a full kitchen and dining area. As Silver Lake continues as one of LA’s most desired business locales, this high profile location could accommodate a number of different concepts. The complementary neighboring businesses also provide this location excellent foot traffic.
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:
This 1,300 (approximately) leases for $4,340 per month. The lease has 2 years remaining with an option to renew for an additional five years. The sale includes all the assets of the business including the furniture, fixtures, kitchen equipment, beer and wine license and goodwill.
Market Competition and Expansion:
Competition is medium as other restaurants exist in the area, however Silver Lake is consistently one of the city’s fastest growing communities with a strong demand of new restaurant and eating facilities. The business has a lot of potential and room to grow. This location’s exposure will provide an owner with a built in traffic base via Sunset Blvd. Concepts in demand include pizza, Indian, Mediterranean, Sushi or Japanese, breakfast and diners, among many others.
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.