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Beverly Hills, Los Angeles County, California
Restaurant With Beer, Wine, Sidewalk Seating
Asking Price
$649,000
Revenue
$1,204,990
Down
$649,000
Cash Flow
$244,781
Name: Ryan Clark
Phone: Show phone number
Name
Ryan Clark
Phone
Show phone number
Description
This restaurant leases for $4,700 per month plus $470 in triple net (NNN) expenses on a tremendous lease that does not expire until December 2021 with three 5 year options. All of the business's furniture, fixtures, equipment and Type 41 Beer & Wine License will be included in the sale. Approximately $75,000 in wine inventory will be sold at cost at close in addition to purchase price.
While competition exists, this is a well-established and quite well known venue. As such, it has created a name for itself and developed a loyal following that includes some of Hollywood's best known personalities that would be impossible for an industry entrant to replicate.
While new management may wish to promote the venue, they will likely want to operate the restaurant in the traditional way that has proven to be successful over time! They may also wish to further capitalize on the premise's extensive 350 label wine list.
This is an SBA Candidate and there is already a $250k assumable SBA in place that may be assumable based on buyer qualifications
Training: 2 Weeks at 20 hrs/wk
Posting Information
Posting ID:
233667
Attributes:
Broker Cooperation
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Once signed, you’ll receive access to confidential business details including the business name, address, and financials.
Posting Title
Restaurant With Beer, Wine, Sidewalk Seating
Posting ID
#233667
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Agent, Broker or Seller Contact
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