Hip Highland Park Area Restaurant w/Liquor & Patio

Los Angeles, CA
Los Angeles County

Asking Price: Annual Revenue:
$375,000 $1,420,597

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Hip Highland Park Area Restaurant w/Liquor & Patio Broker: Ryan Clark

Quick Facts

Asking Price: $375,000
Annual Revenue: $1,420,597
Net Profit: $191,549
Cash Flow: $191,549
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 35
BBN Listing #: 50414929
Broker Reference #: TinyWar

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Business Overview:

This super hip Highland Park area restaurant with liquor and a large outdoor patio is an extraordinarily enchanting venue in one of the city’s hottest areas. The unique venue has recently been entirely refurbished and a new conditional use permit was put in place to create its ambiance and signature vibe.

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Property Features and Assets:

The 2,468 square foot indoor-outdoor venue leases for a remarkable $3,536 per month on a lease until December 2022 with two 5-year options. All the business’s furniture, fixture, equipment, Type 47 Liquor License and goodwill be included in the sale. Approximately $17,000 in inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While competition in the immediate vicinity has increased, this venue has made a remarkable splash in a very short period. As a result, it has established itself and its concept. It stands out from direct competition on all fronts – from its unique buildout to its eclectic menu. As this establishment only operated with beer and wine since opening, the recent addition of a liquor license dramatically increases the venue’s options to bolster revenue and the high margin sales associated with spirit and specialty cocktail sales. New management may also revisit the venue’s labor expense, as it appears to represent 39% - 42% of considerable revenues (by comparison, rent is at 1.8% - 2.2%).

Reason for Selling:


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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