Successful Steakhouse - 5,650 Square Ft with Patio

Not Disclosed, CA
Los Angeles County

Asking Price: Annual Revenue:
$1,700,000 $3,100,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Successful Steakhouse - 5,650 Square Ft with Patio Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $1,700,000
Annual Revenue: $3,100,000
Net Profit: Not Disclosed
Cash Flow: $600,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2008
Employees: 23
BBN Listing #: 58411533
Broker Reference #: 4226

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Business Overview:

Successful Steakhouse - 5,650 square feet with additional Heated/Cooled Covered Patio – LA County

RRC#: 4226
Asking Price: $1,700,000
Location: Los Angeles County
Annual Revenue: $3,100,000
Annual Cash Flow: $600,000
Monthly Rent: $17,056 Including NNN
Expiration: 2026 plus two 5 year lease options

Listing Description:
A striking, visually stunning steakhouse restaurant and bar, successfully operated for 14 years. This restaurant is located on a busy thoroughfare corner with huge curb appeal inside and out. Annual gross sales revenue is in excess of $3million with seating for 200 including a private dining room for 55 guests and a heated & covered patio for a further 40. Plus, an additional wrap around breezeway with possible seating for another 50.
Excellent lease with extremely reasonable rent and possible 14+ year term.

Established in 2008 this business has an unblemished ABC type 47 license and is THE reputed local spot for exhilarating cocktails, eclectic music with weekend entertainment. Fully equipped hot kitchen including two type 1 extraction hoods with fire suppression system, plus one type 2 oven hood, stove with oven, convection oven, cook n warm, specialty rotisserie spit, salamander, walk-In fridge & freezer, refrigerated worktops plus mixer, 2 icemakers and all the modern gadgets, newly installed industrial, filtered fresh air and kitchen cooling system, industrial water boiler for endless hot water, dishwashing room with custom installed conveyor dishwashing machine. Separate open cold kitchen with additional refrigeration units and displays. Built-in temperature-controlled wine cellar, with brand new efficient split system cooling. The bar and dining room has a modern ambience with soft lighting incorporating a high-tech sound system. The specialized cocktails and creative wine list compliment the dining experience which serves a mix of traditional steak’s, fish, chicken & ‘Churrasco.’ Recent complimentary reviews include;
“Service is always amazing, super friendly and helpful, they always go above and beyond!
Food is exceptional, best dishes I've ever had in my life!”
The restaurant has over 10,000 VIP members, who voluntarily signed up to receive marketing material, and thousands of social media followers.

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.

General Information:
Organization: Inc
Year Established: 2008
Employees: 23
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $258,000
Monthly Cash Flow: $50,000
Annual Revenue: $3,100,000
Annual Cash Flow: $600,000
Annual Payroll: $950,000

Square Feet: 5,684 plus 670 Patio
Seating: 290
Parking: Center Common & Parking Structure
Days/Hours of Operation: Tuesday - Friday 3.30pm - 10.00pm / Saturday 11:30am - 10:00pm / Sunday 11:30 AM - 9:00 PM

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Property Features and Assets:

Square Feet: 5,684 plus 670 Patio Seating: 290 Parking: Center Common & Parking Structure

Reason for Selling:

Other Interests.

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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