Contact: Ryan Clark At 310-652-8353 - Also Email This Contact Below
Asking Price: $649,000 Down Payment: $649,000
Annual SDC: $244,781
Annual Gross: $1,204,990
Business Address: None Given City: Beverly Hills Zip: None Given
Attributes: Broker-Broker Coop, Training & Support
This celebrated Beverly Hills area restaurant with beer, wine and sidewalk seating has established a strong reputation for its award winning European cuisine. The venue boasts fantastic street visibility in a highly popular shopping district and employment center (not in the Golden Triangle area) and has a coveted lease at what's deemed to be well below market rate (< $4 psf). The facility has a full kitchen with a convection oven, a 6 burner stove/oven combination, a table top stove, grill, griddle and deep fryer. It has a 3 bucket sink and dishwashing unit as well as a large walk-in cooler.
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
To get more information about this Restaurant With Beer, Wine, Sidewalk Seating business for sale in
Beverly Hills, LA County please phone Ryan Clark (Broker) at 310-652-8353 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #233667 on BizBen.com. In addition to phoning
Ryan Clark, make sure you email Ryan Clark above to get more info about this
Restaurant With Beer, Wine, Sidewalk Seating, to ask any questions or request an appointment to see this
business for sale. Thank you.
Contact: Ray Roldan: 310-980-5945
Status: Active Posting #: 267141 Refreshed: 5/1/2021
Asking Price: $1,800,000
Down Payment: None
Annual SDC: $475,000
Annual Gross: $2,900,000
Attributes: Broker-Broker Coop, Semi Absentee Run, Absentee Run, SBA Loan Pre-Qualified, Training And Support
Two (2) Bagel and Sandwich Shops / Excellent Commercial, Hotels, Hospital and Residential hi and middle income. Pre-pandemic approximately $2.9 million 2019 / Pandemic approximately $2.7 plus 2020. Management operated / Owner works two (2) days per week. Salary $171k One (1) location has seating.
Contact: Ryan Clark: 310-652-8353
Status: Active Posting #: 267637 Refreshed: 5/2/2021
Asking Price: $225,000
Down Payment: $225,000
Annual SDC: $60,000
Annual Gross: $521,518
Attributes: Broker-Broker Coop, Semi Absentee Run, Training And Support, Owner Financing
This Eagle Rock area restaurant boasts a modern, clean build-out with an open floor plan as well as stellar street visibility. The venue has multiple interior dining areas, each with its own unique ambiance. The fully outfitted kitchen has a walk-in cooler. convenience freeway, main street access. This 2,000 plus square foot space leases for $6,340 on a lease that expires in 2028 with one 5-year option. The venue has seating for 60 patrons inside. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. Approximately $2,000 in inventory will be sold at cost at close.
Contact: Jack Oh: None Given, 562-544-6863
Status: Active Posting #: 267732 Refreshed: 5/8/2021
Asking Price: $199,000
Down Payment: $50%
Annual SDC: $90,000
Annual Gross: $900,000
Attributes: Training And Support
Owner is retiring after 38 years. Recently remodeled 3 years ago. Fully equipped with walk in cooler and freezer. Has beer wine license. Located on a major street. Densely populated area. Seating for 150. Monthly gross: $75,000. Annual net: $90,000.