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Los Angeles County, California
Iconic Restaurant and Bar Established 1962
Asking Price
$350,000
Revenue
$1,900,000
Down
$150,000
Cash Flow
Call/Email
Description
Amazing corner location with high traffic counts and great visibility. Freestanding Restaurant and Bar Business. Business established for Decades with the same Owner for 35 years. This special location has been a staple in the neighborhood forever and will benefit from a refreshing or cosmetic remodel and fresh blood in ownership, to revitalize the current concept or bring in your own new concept. A large kitchen area will accommodate any restaurant concept.
Large building of approx. 8,000 SF. New long-term lease available to buyer. The restaurant dining room has a seating capacity of 150 and the separate Bar/Lounge area of 60+.
There is currently an SBA EIDL loan in place of approx. $200k balance at 3.75% interest with a monthly payment of only $1,140. Buyer can assume this loan and put the balance of the purchase price up in cash or pay all cash and have no loans.
Bring your idea and an offer.
Large building of approx. 8,000 SF. New long-term lease available to buyer. The restaurant dining room has a seating capacity of 150 and the separate Bar/Lounge area of 60+.
There is currently an SBA EIDL loan in place of approx. $200k balance at 3.75% interest with a monthly payment of only $1,140. Buyer can assume this loan and put the balance of the purchase price up in cash or pay all cash and have no loans.
Bring your idea and an offer.
To get more information about this Iconic Restaurant and Bar Established 1962 business for sale in Los Angeles County, California please contact Joe Sales (Broker - BRE License #:3412) at ubi@ubibiz.com or +17143630440
Business Details
Year Established:
1962
Employees:
24
Reason for sale:
Retiring
Support & Training:
as needed
Property Information
Size in Square Feet:
8,000 sqft
Lease Terms:
New long term lease available
Premises Details:
Amazing Corner location on 2 high traffic streets offering great visibility.
Lease & Tenant Information
Posting Information
Posting ID:
3108955
Business Category:
Restaurants & Food
Business Types:
American Restaurant
Bar, Pub, Sports Bar, Lounge, Tavern
Brunch Restaurant
Diner, Family Restaurant
Attributes:
Financial Assistance
License (Liquor, etc.)
Semi Absentee Run
Training And Support
Non-Disclosure Agreement
Interested in this business? Request to sign the NDA to receive exclusive information.
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.
Posting Title
Iconic Restaurant and Bar Established 1962
Posting ID
#3108955
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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