Studio City Restaurant w/Multiple Bars & Patio!

Studio City, CA
Los Angeles County


Asking Price: Annual Revenue:
$175,000 $1,900,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Studio City Restaurant w/Multiple Bars & Patio! Broker: Ryan Clark

Quick Facts

Asking Price: $175,000
Annual Revenue: $1,900,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: Not Disclosed
BBN Listing #: 21304929
Broker Reference #: LeapBar

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Business Overview:

This Studio City Restaurant with multiple bars, an outdoor patio and onsite parking boasts stellar Ventura Boulevard street exposure as well as excellent freeway access. The gastropub is known for its food fare as well as its sports and entertainment events.

Training: 2 Weeks at 20 hours/week.

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Property Features and Assets:

The 3,200 square foot facility leases for $17,707 per month including common area maintenance (CAM) expense on a lease until February 2022 with two 5 year options. While the name, recipes, menu and related branding will not be included in the sale, the venue’s furniture, fixtures, equipment, Type 47 Liquor License and conditional use permit entitlements will be. Approximately $10,000 in inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While competition exists on this popular corridor, this venue’s location, entitlements, outdoor patio, onsite parking and stellar street visibility and convenient freeway access all help to provide it a competitive advantage. New operators may capitalize on this location’s number of attributes, diverse layout with 2 bars and separate sitting areas, outdoor patio and as well as entitlements to convert it to any number of existing concepts or to introduce a new concept.

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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