This Upscale Restaurant And Lounge Is Truly An Area Gem With A Great Many Possibilities For Continued Success. The Stylish Venue With Full Liquor, A Sophisticated International Fusion Menu Offering A Varied Mix Of Favors And Dishes Served Tapas Style, And A Spacious Smoking Patio Has Set A Very High Standard In Every Aspect Of Its Operation – Has A Strict Dress And Conduct Code In Place Resulting In A Respectable And Highly Classy Atmosphere, Food That Is Prepared With The Utmost Care And Attention To Detail, Service That Is Personal Yet Consummately Professional, And A Perfectly Maintained Facility That Has Maintained A Stellar “A” Rating. This Dinner And Entertainment Venue’s Location Not Only Makes It An Ideal Destination For Nearby Residents With High Discretionary Incomes, But It Also Makes The Restaurant And Lounge Accessible To Those Driving In From The South Bay / Greater Torrance Area Or Long Beach. The Business Is Frequented By A Diverse Group Of Patrons Including Those From The Nearby Artist Communities, The Young And Professional Condominium Dwelling Crowd, Local High Income Union Workers And Mature Middle To Upper Class Locals.
The 2,500 Square Foot Facility, Which Has A Coveted Patio That Can Accommodate 30 Plus Guests (Approx. 700 Sq. Ft) And Tandem Parking For At Least 10 Employees Or Patrons, Leases For An Unbelievable 2,700 Per Month On A Lease With 1 Year Remaining And Two 5 Year Options (With Nominal Cost Of Living Increases Built In). The Lease, Which Is Already Very Tenant Friendly, Even Has A Clause Providing The Tenant The First Right Of Refusal On The Property Shall It Become Available For Sale. The Sale Includes A Full Liquor License, Seating For 100+ Patrons, A 10+ Person Bar, A Wine Rack, A Sizeable Kitchen That If Fully Outfitted With 7 Refrigerators/Freezers, A Deep Fryer, Grill And Stoves, A Dry Storage Room, A Manager’s Office, A Secure Liquor Room And Two Large Restrooms.
This Upscale Restaurant And Lounge Is Located The Area’s Only Entertainment Corridor, As It Has A Few Complementary Nearby Bars And Restaurants. This Venue Is The Only One In The Immediate Area That Caters To A Sophisticated Young To Middle-Aged Client Base, Offers A Chic Look And Feel, As Well As An International Offering. With The Pending 5,500 Adjacent Housing Units Coming Available, This Venue’s Location Provides It A Sustainable Competitive Advantage Over Current Or New Competition.
This Upscale Venue Has Been On A Positive Growth Trajectory Since Its 2005 Launch. As It Was A New Concept Introduced To An Establishment That Has Been In Existence Since The 1930s, The Business’s Customer Base Has Continued To Grow As Former Loyal Clients Continue To Frequent The Business Alongside New Converts. In Addition, There Is A Thriving Arts District Nearby, And 5,500 New Lofts And Condominiums Coming Available Before Year’s End Located Within Waking Distance Of The Facility, Both Of Which Cater To One Of This Venue’s Target Customer Bases (Up And Coming 25 – 35 Year Olds). This Population And Socio-Economic Shift In This Restaurant And Lounge’s Immediate Area Will Provide A Significant Additional Form Of Organic Growth Which The New Owners Should Be The Primary Beneficiaries Of (In Terms Of Receiving The New Residents Patronage).
Please Note That It Is Necessary For All Prospective Buyers To Fill Out A Non-Disclosure Agreement As Well A Buyer Profile Not Only Indicating Ability To Purchase, But Also Identifying Where Funding Will Come From. Requests For Specific Data Without Such 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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