Business For Sale

Downtown Casual Restaurant with Bar & More

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$295,000 $408,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Downtown Casual Restaurant with Bar & More Broker: Ryan Clark

Quick Facts

Asking Price: $295,000
Annual Revenue: $408,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: 9
BBN Listing #: 78504929
Broker Reference #: DelBur

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Business Overview:

This downtown Los Angeles casual restaurant boasts a spacious dining area centered around a bar, in a high sought after living, dining and entertainment corridor. The facility has a bar with seating for perhaps 15 patrons plus a walk-up or servers area, a 9 tap beer system, 2 restrooms, a manager’s office area and a full-kitchen with a combination oven and stove, griddle, 2 bucket deep fryer, convection oven, ice maker, salad prep and food prep tables, a 1 door freezer, 2 door fridge, 2 reach in coolers, 3 bucket sink and dishwashing area.

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Property Features and Assets:

The 1,750 square foot venue rents for $5,700 per month on a lease until 5/31/19 with two 5 year options. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. The name will not be, however, $5,000 in inventory will be sold at cost at close.

Market Competition and Expansion:

This venue is located in a highly popular and competitive area of downtown Los Angeles. As such, competition certainly exits. The facility’s location, coupled with its onsite bar and liquor entitlement (from 11:30 am – 1:30 am) certainly provide it an advantage over those venues that do not have the entitlement or license. As the layout is quite versatile, the kitchen spacious and the bar with its liquor entitlement attractive, with proper modifications and branding this bar and restaurant may be converted to any number of concepts that could thrive in this area.

Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is not 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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