Downtown Restaurant Property With 2Bars, Liquor & Patio
Los Angeles, CA Los Angeles County
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- RE: Downtown Restaurant Property With 2Bars, Liquor & Patio
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $3,350,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 978953 | |
| Broker Reference #: | PREUX |
Business Overview:
This Downtown Los Angeles property occupies a unique architectural ‘Flat Iron’ style structure with bars on both levels, a stacked patio, French windows & shutters throughout the iconic location. The versatile venue with 2 entrances and an elevator, boasts a location that is walking distance to the Spring Street entertainment district, the fashion district, the Fashion institute and even the Staples center. The venue has an indoor occupancy for 106 plus an outdoor occupancy 23. This includes the first floor bar which seats 10 and the second floor bar that seats 16, and the first floor patio for 14 and a second floor terrace for 9.The two dining areas are for 68 and 12 respectively.
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
This 5,356 square foot venue with a 275 square foot patio is available for sale, however the landlord will also consider a long-term lease with a suitable tenant at $15,500 per month including triple net expenses ($10,712 base rent).Prior to COVID, the venue historically leased for $21,000.The existing furniture, fixtures, and equipment will be included in the sale. The venue has a conditional use permit, but a buyer will need to purchase a Type 47 Liquor License for alcohol service.
Market Competition and Expansion:
The location enjoys separation from the city’s main dining and entertainment areas, which is welcome as it creates a less competitive environment that can uniquely cater to those workers, visitors and residents in its immediate vicinity – while remaining in convenient walking distant for all others.
Reason for Selling:
Personal. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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