Business For Sale

College Area Restaurant w/Beer, Wine & Parking

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$600,000 $1,009,081

Food & Beverage: Restaurants, Fast Food, Deli


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RE: College Area Restaurant w/Beer, Wine & Parking Broker: Ryan Clark

Quick Facts

Asking Price: $600,000
Annual Revenue: $1,009,081
Net Profit: Not Disclosed
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: Not Disclosed
BBN Listing #: 13354929
Broker Reference #: ColBeer

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Business Overview:

This college area restaurant with beer, wine, multiple outdoor patios and plentiful parking is on a high visibility parcel with direct access to popular student living quarters. This venue is a truly special one to all, as it is embraced by students and faculty alike as a small oasis away from university life, while non university related patrons tout that it takes them back to their own college days. This 3,300 square foot facility, with a mid-west or east-coast style basement, multiple outdoor patios and separate indoor dining rooms, is housed in a unique structure that exudes character. It has several beer tap systems, a large walk-in cooler, spacious kitchen and manager’s office.

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Property Features and Assets:

The 3,300 square foot business leases for $7,983 per month August to May and $5,513 per month during June and July, plus pro-rate property taxes, utilities, and additional triple net expenses, with an average 2.5% annual increase. All of the business’s furniture, fixtures, equipment, goodwill, Type 41 Beer & Wine license will be included in the sale. $3,500 in beer, wine and food inventory will be sold at cost at close.

Market Competition and Expansion:

There are no campus area venues that possess the charm or evoke the type of college memories that this unique one does and certainly none that are as near to popular student housing areas as this one is. As such, direct competition for this type of concept with similar character and proximity is limited. New operators will likely wish to enhance the menu offerings as they deem appropriate, but maintain the friendly, low key collegiate atmosphere that the current operators have managed to create.

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.

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