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California
Asking Price
$230,000
Revenue
Call/Email
Down
Call/Email
Cash Flow
Call/Email
Name: Lena Byun
Phone: Show phone number
Name
Lena Byun
Phone
Show phone number
Posting ID:
6337010
Business Category:
Restaurants & Food
Business Types:
Asian Restaurant
Korean Restaurant
Preferred States:
California
Attributes:
E-2 Visa Eligible
Existing Franchise
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Rare Rest / Marina Del Rey / Venice MUST SEE!! $990K
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Introducing a one-of-a-kind opportunity to own a thriving restaurant business in the heart of Marina del Rey, California. This rarity is nestled in the Washington Square area, just a short 2 blocks stroll away from the vibrant Pier. This thriving establishment is situated in a high-income, moderate area, surrounded by a mix of residential apartments and bustling commercial businesses. In 2024, this restaurant reported a Net Gross of $2,005,216.16. The location is not just excellent; it's superb, offering a unique blend of local and tourist clientele. We're an upscale casual "hipster" restaurant in Venice and Marina Del Rey neighborhood. Food and alcohol sale 50% - 50%. The alcohol is approximately 50 - 50 (50% liquor bar, which includes bottled wine and 50% tap wall beer). NOTE: 40 Self pour taps!!! The restaurant is fully equipped and was recently renovated from a well-known Japanese restaurant. The premises come with a coveted 47 Liquor License and a substantial beer section, offering a fantastic opportunity to capitalize on the thriving local nightlife. It features a beautiful bar setting, two walk-in coolers, and a 750-gallon grease trap. The establishment spans 3500 square feet and comes with a lease agreement of 5 consecutive five-year terms, providing long-term security for the new owner. The current asking price is set at $1,180,000 - a justified investment considering the location, assets, and revenue. Note: Lease on their 2nd consecutive 5 years lease. This is a golden opportunity for anyone looking to dip their toes into the restaurant industry or expand their current portfolio. The seller is open to broker cooperation and is willing to provide support and training to ensure a smooth transition. Don