Incredible Timing - High End Steakhouse Available in the South Bay!

Los Angeles County, CA
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Asking Price:$625,000
Inventory:$144,825
Established Year:2020
Gross Revenue:$3,077,330
FF&E:$459,600
BUSINESS DESCRIPTION

Supreme Steakhouse and FF&E/Inventory For SALE in Los Angeles

Absolutely stunning High-End Steakhouse complete with Gorgeous Buildout, State of the Art FF&E, and a Liquor/Wine Inventory List to die for – all included in the sales price! Opened in 2020, this one-of-a-kind restaurant weathered Covid to emerge as one of the premier upscale steakhouses in a renowned Los Angeles beach city. The current owners spared no expense building out the space, hiring top notch personnel, and sourcing choice ingredients that all accommodate a true fine dining experience. The business has become a fixture of the community, entertaining numerous repeat steak lovers eager for a tantalizing escapade. The sizable annual gross revenue is undeniable, and now the opportunity is ideal for a new owner to put their personal stamp on marketing and operations for a more robust net at the end of each year. Or, a buyer could take advantage of the equipment and inventory, ushering the dining adventure in an entirely different direction. The sale also includes a 47 Liquor License, not to mention the mile long wine and booze inventory that comes along with it! Hundreds of organic Google and Yelp reviews are at a 4.6 and 4.7 rating respectively, proving the quality and IP are all there. The current sellers have achieved their dream of operating a fine dining eatery, and they are seeking other business opportunities, much to the benefit of a buyer with their sights set on a special location to wine and dine upscale clientele. General Manage yourself or operate as an Absentee owner. Either way, inquire now!


DETAILED INFORMATION
Location
Los Angeles County, CA
Inventory
Included in asking price
Employees
51
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This business is an Asset Sale and has a leased location of 5,480 square feet with a total monthly rental of $19,974. The seller is active in business with 10 FT and 41 PT employees. Hours of operation are Tues-Thurs 5-9pm, Fri 5-10pm, Sat 11am-2pm and 5pm-10pm, Sun 11am-2pm and 5pm-9pm (Tuesday - Sunday). Included in asking price are $144,825 in inventory, $459,600 in equipment and fixtures, $1,400,000 in leasehold improvements, and $2,000 in supplies.
Financing
Seller will consider all offers.
Support & Training
30 days
Reason for Selling
Pursuing Other Business Interests
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Aaron
Pfeffer
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Aaron Pfeffer