Seller's Contact Information
- RE: Mediterranean Restaurant With Live Entertainment
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $499,000 | |
| Annual Revenue: | $1,614,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $278,400 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1983 | |
| Employees: | 10 | |
| BBN Listing #: | 499011533 | |
| Broker Reference #: | 4408 |
Business Overview:
Mediterranean Restaurant with Full ABC/Live Entertainment/Hookah Since 1983
RRC# 4408
Location: West Los Angeles
Description:
Founded in 1983, this consistently profitable, classy popular Westside nightclub/bar/restaurant has remained a popular destination for Angelenos. With 5,700 square feet, this establishment is the oldest Mediterranean family restaurant with live entertainment in Southern California. Located on one of L.A.'s busiest boulevards, it combines its rich history into modern Lebanese/Mediterranean dishes including kabobs, skewers, salads and appetizers. Private events help drive revenue, whether its corporate gatherings, birthday parties or anniversaries. A wide variety of hookah that few other locations can match as well as a full line of cocktails and wine offerings. What really makes this place a destination is its live entertainment - live music, salsa dancing, belly dancing and more. Parking is no hassle with free valet parking and a large underground lot. Equipment includes 24' hood, walk-in cooler, ice maker, broilers, 6 x 10' walk-in freezer, 3-door ceramic oven, 4 handheld POS systems, professional sound system, hookah pipes and much more.
For more information please visit: https://www.restaurantrealty.com/listings/4408/
Financial Information:
Monthly Revenue: Contact For Info
Monthly Cash Flow: Contact For Info
Annual Revenue: $1,614,000
Annual Cash Flow: $278,400
Monthly Payroll: $32,000
General Info:
Organization: LLC
Established: 1983
Current Owner: 2007
Employees: 4 FT; 6 PT
Reason For Sale: Other Interests
Monthly Rent: $9,800
Expiration: 2024 plus 5 year option
Facilities:
Square Feet: 5,700
Seating: 200
Parking: Parking lot
Licenses: ABC, Health permit
Days/Hours of Operation: Sunday - Wednesday 8 p.m. - 1 a.m..: Thursday - Saturday 8 p.m.-2 a.m.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Square Feet: 5,700; Seating: 200; Parking: Parking lot.
Reason for Selling:
Other Interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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