Innovative Fast Casual Venice Restaurant w/Beer!

Venice, CA
Los Angeles County


Asking Price: Annual Revenue:
$95,000 $633,328

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Innovative Fast Casual Venice Restaurant w/Beer! Broker: Ryan Clark

Quick Facts

Asking Price: $95,000
Annual Revenue: $633,328
Net Profit: Not Disclosed
Cash Flow: $137,827
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 6
BBN Listing #: 10394929
Broker Reference #: VenLoc

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Business Overview:

This Venice fast casual restaurant with sidewalk seating and onsite parking boasts a high visibility Lincoln Boulevard location with beer and wine. The venue has seating for approximately 16 persons inside and 6 on the sidewalk. The venue has an extraordinarily flexible format allows it to operate as a fast-casual venue, a take-out or delivery based one or even a retail conveniences store or hybrid location. The customer area includes several reach-in display coolers and dry goods retail shelving, dining area and two ADA approved rest rooms. The back of the house has a walk-in cooler with a display doors, a hood and a fully equipped kitchen.

Training: 2 Weeks at 20 hours/week

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Property Features and Assets:

This 1,085 square foot venue leases for $5,610 per month including common area maintenance expense (CAM) on a lease until June 2023. The venue is successful an its name, menu and concept may be included in the sale under a separate agreement, or more likely, the business’s brand specific furniture, fixtures and equipment will not be included in the sale.

Market Competition and Expansion:

This popular area of Venice hosts a variety of concepts. Together with its proximity to Abbot Kinney and the Marina and Main Street Santa Monica’s beachside areas, there is no shortage of competition, however, this premise offers an operator tremendous value when lease rates between these areas are compared. The location’s onsite parking lot, street front visibility, sidewalk seating and freeway access provide it a distinct advantage on several fronts over several competing venues. New operators may wish to maintain the existing successful concept under a separate agreement, or they may choose to implement any number of concepts in this versatile location. The venue’s flexible format is comparatively innovative, as is its brand.

Reason for Selling:

Personal

Additional Details:

  • The property is owned.
  • 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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