Los Feliz / Glendale Area Restaurant w/Beer & Wine

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$295,000 $609,052

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Los Feliz / Glendale Area Restaurant w/Beer & Wine Broker: Ryan Clark

Quick Facts

Asking Price: $295,000
Annual Revenue: $609,052
Net Profit: Not Disclosed
Cash Flow: $100,105
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: Not Disclosed
BBN Listing #: 46014929
Broker Reference #: AtDog

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Business Overview:

This Los Feliz / Glendale area restaurant boasts a stellar location in a bustling and increasing popular area of this corridor. In addition to main street signage, this venue has beer and wine, an attractive outdoor patio, onsite parking as well as additional dry storage areas. New operators may wish to take over the existing concept, which has proved successful or they may capitalize on the location, build-out and entitlements to launch any number of new concepts. The venue has an extensive 24 dispenser tap beer system, a 7 person dining bar, 2 – 2 bucket deep fryers, a grill and a griddle, and a large walk-in cooler.

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Property Features and Assets:

This 1,438 square foot facility plus 480 square foot patio and an additional spacious dry storage area leases for $8,000 per month in total on what will be a new 5 year lease with a 5 year option. All of the business’s furniture, fixtures, equipment, goodwill and Type 41 beer and wine license will be included in the sale.

Market Competition and Expansion:

While competition exists in this popular area this venue has developed a loyal customer base for its concept. The location’s main street visibility, onsite parking and stellar freeway access provide it attribute that contribute to its success. New management may continue to operate the current concept, or they may capitalize on the location’s attributes and entitlements to launch any number of new concepts that may thrive in this location.

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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