Seller's Contact Information
- RE: 9,500 Sq Ft Restaurant With 2 Bars
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $950,000 | |
| Annual Revenue: | $1,940,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $275,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1980 | |
| Employees: | 48 | |
| BBN Listing #: | 79211533 | |
| Broker Reference #: | 4492 |
Business Overview:
9,500 square feet Restaurant with 2 Hard Liquor Licensed Bars, 2 dining rooms & Banquet Room Located in NW Los Angeles County
RRC# 4492
Location: Los Angeles County
Description:
Beautiful corner location in NW LA, close by Beverly Hills with huge curb appeal & brick charm. Built in the 1930’s and oozing with character, while surrounded by modern office buildings in this upscale neighborhood with nice boutique shopping close by. The inside layout has Nook’s & Crannies at every turn which allows for large parties separated from the main dining area. The main rotund dining room has seating for 50, the bar dining area for 60, the bars seat 40 and a private Banquet / Event room for a further 60 guests. 2 modern kitchens service this large space with its own Bakery for the breads, pastries and desserts. A spacious full line kitchen with 30ft type 1 hood, double convection ovens, 4 stoves with ovens and 24 burners, broiler and flattop and 30ft of worktops and service counter. In addition, there is an 800 square feet unused roadside space with its own entrance which could so easily be transformed into a morning café with seating for 30.
2019 Revenues of $3.4 million were enjoyed, post pandemic 2022, $2 million with a lease to 2030 and a cooperating Landlord to extend that term further for a new owner. There is so much potential for success, post pandemic and the perfect time to purchase this iconic Bar & Restaurant. Owner may consider a Seller carry for part of the purchase to experienced Buyers with excellent credit and solid financials.
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
Financial Information:
Monthly Revenue: $161,660
Monthly Cash Flow: $23,000
Annual Revenue: $1,940,000
Annual Cash Flow: $275,000
Annual Payroll: $926,013
General Info:
Established: 1980
Current Owner: 2010
Employees: 48
Reason For Sale: Retirement
Monthly Rent: $26,350
Expiration: 2025 plus 5 year lease option
Facilities:
Square Feet: 9,500
Seating: 210
Parking: Parking Structure Opposite and Street
Licenses: ABC Type 47, Business & Health permit
Days/Hours of Operation: 12.00pm - 9.00pm Daily - Closed Monday
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: 9,500 Seating: 210 Parking: Parking Structure Opposite and Street
Reason for Selling:
Retirement
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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