Profitable Restaurant, Bar & Brewery – Est 2000
Not Disclosed, CA Los Angeles County
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- RE: Profitable Restaurant, Bar & Brewery – Est 2000
- Contact: Steve Zimmerman
- License #: 1310250
Quick Facts
| Asking Price: | $495,000 | |
| Annual Revenue: | $1,800,000 | |
| Net Profit: | $166,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2020 | |
| Employees: | 32 | |
| BBN Listing #: | 936598 | |
| Broker Reference #: | 4652 |
Business Overview:
Profitable Restaurant, Bar & Brewery – Est 2000 – 4,000 Square feet – Outdoor Patio – Huge Parking Lot – South Los Angeles RRC# 4652 Location: South Los Angeles Description: This long-established Brewery & Restaurant opened in August of 2000 by the current husband-and-wife team. The area’s first brewery which has become a staple of the South Bay community. Dedicated to the owners original promise of comfort, quality, and service and provide a warm, welcoming place for patrons, a menu full of delectable food and signature ales. 2022 tax returns show $1.7million in annual revenue producing 8% profit. Annualized 2023 is slightly increased to $1.8million. The owners are also the landlords so a long-term lease can be negotiated along with many year’s options. Expectations are a monthly rent of $12,000. After 23 years of operations the owners have decided to retire. Currently semi-absentee with a full team of management, kitchen and serving employees already in place giving them the freedom. The kitchen equipment boasts a 16’ type 1 hood with fire suppression system, large walk-in, 6 burner stove and oven, char broiler, salamander, 2 x double deep fat fryers and many all-stainless-steel worktops and reach-ins.
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Property Features and Assets:
General Info:
Ownership: Inc
Established: 2020
Current Owner: 2020
Employees: 32
Reason For Sale: Other Interests
Monthly Rent: $12,000
Expiration: New Lease Negotiable
Facilities:
Square Feet: 4,000
Seating: 102 + 30 Patio
Parking: 50+
Licenses: ABC Type 23, Business and Health
Days/Hours of Operation: Friday - Wednesday 11.00am - 9.00pm Closed on Thursdays
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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