Stellar Urban Restaurant & Bar-ABC 47-Multiple Patios-$2,000,000 Sales

Los Angeles County, CA
gpv
Asking Price:$395,000
Gross Revenue:$1,928,643
Established Year:2015
Cash Flow:$207,000
Rent:$17,415.35/Month
BUSINESS DESCRIPTION

This stellar restaurant & bar serving full liquor in the greater Marina Del Rey area is located in a high-end, walkable urban area. This restaurant boasts multiple attractive patios in a beautiful setting and lively atmosphere. The establishment comes with a 47, full liquor license, 36 beers on tap and indoor and outdoor seating which accommodates 150 guests.

The restaurant features an upscale casual menu with a focus on burgers, chicken, fish, salads, appetizers and of course, craft beers, stellar cocktails, brunch and dessert. With multiple TVs throughout, it is the perfect spot for customers to watch their favorite teams play. You don't want to miss out on this great opportunity!

This is a turn-key restaurant with a loyal customer base, over $2,000,000 in annual revenue, a proven history of success and strong income. Overall, this restaurant and bar is an exceptional opportunity for an experienced restaurant, operator looking to own a thriving business in a prime location. Located near restaurants, shopping and theatres. The restaurant is 2,700 sq. ft. with seating for 80 inside and 70 people outside. Alcohol sales are permitted until 11 PM on weeknights and midnight on weekends.

Some equipment and fixtures include-Walk-in beer cooler, kegerator, 36 tap glycol system, glass washing machine, 12-foot hood, 12 TVs, liquor cooler, walk-in food cooler, 4 cold prep stations, double griddle, double fryer, grill, charbroiler, salamander, 2 stoves with oven, Toast POS system, security system, sound system, dinnerware, glassware, flatware, all smallwares plus, all furnishings including- indoor tables, chairs, bar stools, all patio tables, chairs & umbrellas and more. Inventory is available in addition to the sale price.

25 employees including one general manager. The general manager is paid $72,000 a year. The owner spends less than 15 hours a week in the business.

The monthly rent is $10,501.16 and cam charges are $6,914.19. The lease expires November 2028. An option to extend is available.

SBA financing is available for a well-qualified restaurant operator with 10% or more cash down. The landlord requires an experienced restaurant operator with a 2 million dollar net worth. The owner is retiring and this is priced to sell.

Listing price is $395,000


DETAILED INFORMATION
Location
Los Angeles County, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,666
Lease Expiration
30/11/2023
Employees
22
Facilities
2,666 sq. ft restaurant plus 3 outdoor patio areas. Located in an attractive, walkable residential area, near restaurants, shops and theatres. Street parking is available. Walk-in beer cooler, kegerator, 36 tap glycol system, glass washing machine, 12-foot hood, 12 TVs, liquor cooler, walk-in food cooler, 4 cold prep stations, double griddle, double fryer, grill, charbroiler, salamander, 2 stoves with oven, Toast POS system, security system, sound system, dinnerware, glassware, flatware, all smallwares plus, all furnishings.
Competition
Priced below market for quick sale!
Growth & Expansion
High-volume restaurant with increasing sales and profit!
Financing
SBA pre-approved for lending for well qualified buyer.
Support & Training
Seller and or manager will provide training for the transition.
Reason for Selling
Retirement-Seller moving out of state
Report an Issue with this listing
profile-img
Teri
Craft
logo-img
Teri Craft