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Encino, Los Angeles County, California
Asking Price
$175,000
Revenue
$276,507
Down
$175,000
Cash Flow
$131,973
Name: Ryan Clark
Phone: Show phone number
Name
Ryan Clark
Phone
Show phone number
Posting ID:
285719
Attributes:
Absentee Run
Broker Cooperation
For Sale By Owner
Training And Support
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This bar, restaurant and live entertainment club may be one of the San Gabriel Valley’s best kept secrets for those that enjoy a sophisticated menu, drink offering and atmosphere that exudes character. This venue boasts live entertainment that showcases top talent, a massive bar with a renowned liquor selection, a semi-private VIP room with a separate bar, a high visibility front and rear patio, a manager’s office, and a spacious kitchen that includes a full-line of equipment, a convenient pass through service station, and a large walk-in cooler. While competitors exist in this popular entertainment area, this lounge’s patrons visit from near and far because of its inviting, refined atmosphere, where guests can enjoy creative dishes and hand-crafted drinks in a relaxed yet refined setting. Music aficionados appreciate the varied selection of talent the establishment is able to draw, foodies enjoy the revolving menu with high-quality, distinctive offerings, and whisky connoisseur relish the available selection of top shelf and hard to find spirits. As a result these attributes, little real direct competition exists. New management, who will ideally be local, will wish to aggressively promote the venue for precisely what it is - a remarkable live entertainment venue and speakeasy with remarkable character, fantastic talent, and a menu to please the most discerning palates. The venue may consider extending its operating hours, or days of the week, and can promote its availability for daytime corporate or community events, quaint or large private parties, specialty music or comedy nights or talent showcases, and far more.

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This burgeoning Encino eatery is the quintessential 5-day deli opportunity that boasts solid earnings despite its abbreviated operating hours. The venue, which is known for its high foot traffic location and inviting atmosphere, provides a cozy space where patrons can enjoy their preferred combination of their preferred coffee and delicious deli delights. With a focus on freshness and quality, This 5 day deli stands out as a go-to spot for area staffers that appreciate the venue’s focus on quality and freshness. Roughly 25% of sales are attributed to its catering services. This 1,200 square foot location leases for 13% of gross monthly revenues, including common area maintenance expenses on a lease until 2024 with two 5 year options to extend. The business has 2 electric grills, an oven (under a small hood), a deli slicer, salad prep table, 3 door fridge and refrigerator, 2 reach-in beverage fridges, a cappuccino machine and a 3-bucket sink. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. An estimated $5k in inventory will be sold at cost at close in addition to purchase price. This deli has a significant advantage due to the convenience it offers its patrons, who return as recurring customers due to the venue’s varied offering that include its fresh coffee, premium deli meats, artisanal bread, quality produce and satisfying breakfast, lunch and catered options. With a focus on quality and customer satisfaction, new operators may want to market to those who aren’t aware of the deli’s value proposition, while promoting their catering options. They may also consider expanding the dine-in or catering menu to attract higher margin sales and to attract customers that which for additional options. As the venue does not have a full hood, the addition of cooking equipment with an electric hood may be considered - should the landlord and health department approve it.

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