Antelope Valley Restaurant with Full ABC Community Landmark

Antelope Valley Restaurant with Full ABC Community Landmark

RRC# 4897
Location: Antelope Valley

Description:
Located in Antelope Valley, this spacious 4,000+ square foot landmark restaurant has been serving the community since 1983. Patrons are captivated with its quaint charm, authentic antiques, cozy fireplaces and made-to-order delicious food. Space includes a banquet hall that is popular for wedding ceremonies and receptions and other special events accommodating 150 guests which adds to steadily growing revenue. The garden patio features a water fountain, comfort heaters, live music and dancing. Vintage-style full service bar hosts a festive happy hour featuring an impressive selection of wines and cocktails. Residents flock here for Jazz Sunday brunch in the lounge and open mic and jam sessions on Sunday afternoons. The menu includes grilled steaks, New Zealand lamb chops, succulent chicken, pastas, salads, appetizers and desserts. Equipment includes hoods, walk-in refrigerator, walk-in freezer, ice machine, full bar equipment, POS system and much more.

Financial Information:
Monthly Revenue: $111,750
Monthly Cash Flow: $8,250
Annual Revenue: $1,341,000
Annual Cash Flow: $99,000

General Info:
Ownership: LLC
Established: 1983
Employees: 4 FT; 20 PT
Reason For Sale: Retirement
Monthly Rent: $4,120
Expiration: 2026 plus Two 5 year options

Facilities:
Square Feet: 4,000 + large patio
Seating: 170
Parking: Public lot
Licenses: Health permit, ABC
Days/Hours of Operation: Wed/Thurs 4P-9P; Fri 12P-11P; Sat 11P-11P; Sun 11P-8P