This 1,600 Square Foot Restaurant With Full Liquor Is Located In One Of Los Angeles's Hottest Areas - On 3rd Street Near The Beverly Center. Within The Last Year, This Facility Has Recently Been Completely Renovated And Re-Built Out, With New Electrical, Plumbing, Air Conditioning, Furniture And Kitchen Equipment. The Sale Includes A 47 Liquor License For A Service Bar (Bartenders Cannot Serve Patrons Directly); With Liquor Sales Allowed From Noon Until Midnight Monday – Thursday, And Until 1 AM On Saturday And Sunday; With A 50% Food Sales Requirement. While The Concept, Menu And Historical Financials Are Not Included In The Sale, The Buyers Will Reap The Benefits Of The Seller’s Extensive Upgrades, Negotiated Facility And Parking Lot Lease, And Most Importantly, Clean Cup And Liquor License In A High-End Area Of Los Angeles Noted For The Scarcity Of Liquor Licenses.
The Facility Has A Brand New Build-Out, An Office, 2 Rest Rooms, Dry Storage Area, And A Kitchen With A 6 Burner Stove, Oven, 2 Refrigerators, Service Bar With Sink, Grill, Prep Table, Freezer, 3 Bucket Sink, Seating For 49+, 1 Owners Parking Space, And A Lease For A Nearby 20 Space Valet Parking Lot. This Sale Is An "As Is" Asset Sale, As No Historical Financials Will Be Included.
This 3rd Street (Beverly Center / Grove Area) Restaurant With A Service Bar Has 1,600 Sq. Ft. And Leases For 3,450 Per Month On A Lease Until 2009, With A Pre-Negotiated 5 Year Option. The Facility Has A 49 Person Occupancy But Can Fit Up To 65 Comfortably. A Nearby Parking Lot For 20 Automobiles Is Leased For 200 Per Month.
This Business Is Located On 3rd Street, Near The Grove And The Beverly Center. As Such Its Competitors Include Some Of Los Angeles’ Best Known Restaurants, Which Help To Ensure Constant Traffic And Visibility From Discerning Epicureans.
This Restaurant Has Tremendous Potential, However, The Owners Are Being Forced To Sell. While The Concept Is Not Included In The Sale, New Owners Can Virtually Pick Up Where The Current Owners Leave Off With A Modified Name And Menu. Alternately, New Owner May Seek To Capitalize On The Type 47 Liquor License And Create More Of A High End Lounge Atmosphere.
Please Note That All Prospective Buyers Will Have To Fill Out A Non-Disclosure Agreement As Well A Buyer Profile Indicating Ability To Purchase And Where Funding Will Come From. Requests For Specific Location Information Without A Completed Profile Clearly Indicating Ability Will Not Be Entertained, Nor Will Responses Such As Not Applicable, Bank Loan (Without Indicating % Down), Or “Investors”. This Opportunity Is Not Available For Co-Broker At This Time.
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