Silverlake Area Restaurant & Bar w/Liquor, Spaciou

Silver Lake, CA
Los Angeles County


Asking Price: Annual Revenue:
$795,000 $2,812,461

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Silverlake Area Restaurant & Bar w/Liquor, Spaciou Broker: Ryan Clark

Quick Facts

Asking Price: $795,000
Annual Revenue: $2,812,461
Net Profit: $402,302
Cash Flow: $402,302
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 25
BBN Listing #: 45574929
Broker Reference #: SL Rudo

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Business Overview:

This Silverlake area restaurant and bar with liquor, onsite parking, excellent street visibility boasts what may arguably be the most coveted outdoor patio in the area. The restaurant has 2 separate interior dining areas that open into an adjacent 12 seat bar as well as its outdoor patio and manager’s office. The kitchen has a large walk-in cooler, a separate walk-in freezer, a large dry storage room, prep room and a comprehensive line with deep fryers, a grill, griddle, stove and 2 convection ovens.

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Property Features and Assets:

This 4,600 square foot venue has seating for just over 100 inside. It boasts a remarkable 1,900 square foot patio that can accommodate nearly 100 outside. The premise leases for $17,800 per month on a lease until 2028 with one 10-year option. The business’s furniture, fixtures, equipment, goodwill and Type 47 Liquor License will be included. The parking lot is on a separate lease $1,200/month lease with the Department of Water & Power. It has been a long-term arrangement anticipated to continue.

Market Competition and Expansion:

While competition exists throughout the ever popular Silverlake, Los Feliz, Echo Park and Atwater Village enclaves, few if any have as attractive of layout or spaciousness. New operators may continue with the current concept that has proven successful for nearly 40 years or they may capitalize on the venue’s attributes and versatility. The space can be adapted to accommodate any number of concepts.

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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