East Of Downtown Los Angeles Restaurant & Bar
Los Angeles, CA Los Angeles County
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- RE: East Of Downtown Los Angeles Restaurant & Bar
- Contact: Steve Zimmerman
- License #: 1310250
Quick Facts
| Asking Price: | $299,000 | |
| Annual Revenue: | $1,435,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1980 | |
| Employees: | 20 | |
| BBN Listing #: | 935302 | |
| Broker Reference #: | 4631 |
Business Overview:
East of Downtown Los Angeles Restaurant & Bar with Hard Liquor License - Located in Historic Building RRC# 4631 Location: Once a railroad-driven swath of warehouses, East Downtown L.A. District adorns its century-plus-old buildings with vibrant murals, sidewalk seating and a surprising amount of greenery for a formerly industrial area. A little less arts and a little more luxe these past few years, the neighborhood now beckons a booming craft brewery & restaurant scene. Oozing with character, this great looking Restaurant and Bar established in 2014 has a coveted ABC Type 47 hard liquor license, (Current value $140,000). A Brick building in and out with a high wooden ceiling making this suitable for many different concepts. Currently serving Lunch and Dinner, the menu consists of salads, sandwiches, pies, pizzas and an array of interesting items to suit all palates. 2,500 sq ft with a large bar and separate dining room with 2 patios, 1 up front the other to the side. In total around 150 seats plus 12 barstools. Asking price $299,000 to include all equipment, ABC Type 47 license, 10 years of Goodwill and fully staffed. All clean records and books are available to review and full training by
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Property Features and Assets:
Facilities:
Square Feet: 2,500
Seating: 120
Parking: Street
Licenses: ABC Type 47 transfer, Business & Health Permit
Days/Hours of Operation: 11.00am-10.00pm Sunday-Thursday 11.00am-12.00am Friday & Saturday
Market Competition and Expansion:
Financial Information:
Monthly Revenue: $120,000
Monthly Cash Flow: Contact for Info
Annual Revenue: $1435000
Annual Cash Flow: Contact for Info
General Info:
Ownership: Inc
Established: 1980
Current Owner: 2014
Employees: 20
Reason For Sale: Other Interests
Monthly Rent: $7,269
Expiration: 2028 plus 5 yr Lease Option
Reason for Selling:
Other Interests
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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