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Business For Sale
**PRICE REDUCED** BAR & GRILL W/ LIQUOR LICENSE!
Attn:
Alan Lippincott, CBI
Los Angeles County, CA, USA
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Listing Number: "L1221"
Print this
Listing
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Asking Price: |
$1,150,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Too busy with other business |
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Year Established:
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1987 |
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# of Employees:
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10 FT/ 30 PT |
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Yearly Revenues:
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$1,796,000 |
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Yearly Cash Flow:
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$103,000 |
Business for Sale Overview:
This well-established restaurant has been a popular family eatery for over 21 years! It has been frequented by celebrities and featured in several movies!
Located in Los Angeles County, the restaurant is situated in a free-standing building in a major shopping center . Heavy foot and car traffic is generated by the national restaurant chains and retail anchors in the center. The restaurant has great exposure from a major freeway where 300,000 cars drive by everyday!
Within the restaurant’s approximate 5,500 square feet, there are three dining areas, which seat 160, and a room for private parties, which can seat up to 60. A large patio seats an additional 45. The restaurant has a separate bar area and type 47 liquor license. There is also a DJ room, where a live DJ plays the latest hits, and emcees karaoke on Friday and Saturday nights. Six (6) plasma screens also make it a fun place to watch the latest music videos, as well as college and professional ball games.
The menu has something for everyone – pizzas, burgers, sandwiches, salads, Mexican food, chicken, fish, steaks, and ribs. The dessert selection includes fun soda fountain favorites, such as shakes, malts, floats and sundaes!
A state-of-the-art surveillance system allows owner to monitor the restaurant from his home or office – or anywhere in the world!
The owners are selling because they are too busy with their other business.
The buyer has the option to lease or buy the real estate, which may be purchased for $3,995,000.
Sale excludes restaurant name.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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.
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