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  • RE:  Venice Beach Food Venue In Prime Abbot Kinney
  • Contact:  Ryan Clark

Quick Facts

Asking Price: $62,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: Not Disclosed
BBN Listing #: 944393
Broker Reference #: ABNUT

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Business Overview:

This Venice Beach quick service food venue is centrally located on Abbot Kinney, one of the city and nation’s most popular retail streets in one of its hippest neighborhoods.  The open layout location boasts a walk-in cooler, 2 two-door freezers, cooler and 2 door freezers, display cases, 4 large prep tables, a 3 bucket dishwashing sink, and a sizable hood (though its industry specific cooking equipment will be removed).

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Property Features and Assets:

This 1,050 square foot location leases for $18,079 per month, plus $5,458 in monthly common area maintenance expense on a lease until May 2025 with one 5 year option to extend.  As this is an asset only sale, the name, menu and brand specific and branded assets and inventory will not be included in the sale.

Market Competition and Expansion:

Abbot Kinney is well-known for its bustling culinary landscape so it’s naturally a highly competitive environment.  With that said, there are few comparable locations for new or growing food, beverage and retail concepts to gain visibility and notoriety.

Reason for Selling:

Personal

Additional Details:

  • The property is Leased.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Documents:

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