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Business For Sale

PRICE REDUCED BAR & GRILL W/ LIQUOR & ENT. LICENSE

Attn: Alan Lippincott, CBI
Los Angeles County, CA, USA
Listing Number: "L1220"
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Asking Price: $1,395,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Reason for Selling: Too busy with other business
Year Established: 2006
# of Employees: 10 FT/ 30 PT
Yearly Revenues: $1,234,000
Yearly Cash Flow: $37,000
 

Business for Sale Overview:

Are you searching for a fun family restaurant? A venue for catered events? A nightclub? Then look no further! This restaurant can be any or all three of these options! This Los Angeles County beach city restaurant is situated in a free-standing building in a very busy center! This new restaurant cost $2.5 million and took 2 ½ years to complete! Everything is brand-new – the building itself, as well as all of the fixtures and equipment! It has a total of 7,500 square feet – 4,000 square feet for dining, plus a patio, and 1,500 square feet of office space upstairs! The restaurant dining area seats 225, and can accommodate up to 275 when there is entertainment. The heated side patio seats 40. The restaurant has a type 47 ABC liquor license, which keeps the two bar areas very busy during happy hour and throughout the night! The menu has something for everyone – pizzas, burgers, sandwiches, salads, Mexican food, steaks, chicken, fish, and ribs. The dessert selection includes fun soda fountain favorites – shakes, malts, floats and sundaes! The huge, modern, kitchen has both a walk-in refrigerator and a walk-in freezer. The kitchen is large enough to cater private events , such as wedding receptions, birthday parties, anniversary parties, or bar- and bat-mitzvahs at the restaurant or offsite. The talented chefs can prepare custom menus for formal sit-down meals or casual buffets. There are 12 plasma TVs throughout the restaurant for airing the latest music videos and college and professional ball games. The stage area has a high-quality sound system, and theatrical lighting and lasers. The theatrical lighting and lasers have also been placed throughout the restaurant, which makes it perfect for entertainment and dancing. In fact, the city entertainment license allows for dancing every night! The restaurant also has a $30,000 state-of-the-art surveillance system that allows the owner to observe the restaurant from the offices upstairs, from home – or anywhere in the world! This 1,500 square feet of office space is beautifully decorated, making it perfect for the restaurant’s corporate headquarters. There is also ample storage in the kitchen, upstairs in the offices, and on the roof for all restaurant/catering/entertaining supplies! The owners’ pride of ownership goes beyond the restaurant’s interior fixtures, equipment, sound system and lighting, as he invested $100,000 for the lush landscaping alone! An experienced owner-operator could easily increase profits by reducing labor costs and adding a breakfast menu. Approximately $15,000 in inventory is not included in the sales price, but is available at an additional cost. The owners are selling because they are too busy with their other business. 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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