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Marina del Rey, Los Angeles County, California
Iconic Restaurant
Asking Price
$210,000
Revenue
$1,500,000
Down
Call/Email
Cash Flow
$144,000
Description
Established and owned by the same Owner for 30 years. One of the oldest and most established restaurant in Venice Beach area. Very popular Cuban, Caribbean, and California cousin with the full 47 liquor license. Favorite hangout for local residents and also very popular with the tourists and visitors.
Venice Beach is a unique and exiting wonder place in Los Angeles and is popular and very well known all throughout the country and world wide. It attracts over 6 million visitors every year.
Owner is retiring after a successful and profitable 30 year career. Owner also owns a property and will become the Landlord, therefore there is one person to deal with. Long term lease is available. Owner will consider selling the property to the qualified party.
Owner has an extensive staff and only works part time. New full time Owner may be able to reduce staff and therefore could reduce expenses and increase profits. Liquor license is clean with no violations. 65 sitting capacity plus additional 20 in outdoor patio.
Seller is looking for a qualified buyer only. Only serous buyer with serious restaurant experience will be considered. Proof of funds and NCND will be required before meeting the Seller. Qualified buyer will have undivided attention and training with current Owner who is very serious about seeing the new owner successful.
Business Details
Year Established:
1997
Employees:
21
FE&E:
100,000
Reason for sale:
Retiring
Property Information
Size in Square Feet:
2,300 sqft
Lease Terms:
long term
Lease & Tenant Information
Posting Information
Posting ID:
1980071
Business Category:
Restaurants & Food
Business Types:
Grill Restaurant
Attributes:
Broker Cooperation
E-2 Visa Eligible
License (Liquor, etc.)
Non-Disclosure Agreement
Interested in this business? Request to sign the NDA to receive exclusive information.
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Posting Title
Iconic Restaurant
Posting ID
#1980071
Full Name (Required)
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NDA Signed Successfully!
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Agent, Broker or Seller Contact
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