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For Sale: Restaurant, Bar, Full Liquor - Absentee Run - Los Angeles County


Current Status: Active     Posting #: 261034     Last Refreshed: 5/15/20    
Contact: Steve Zimmerman At 415-945-9701  -  Also Email This Contact Below
Price:  $415,000     Down:  Call     Adjusted Net:  $219,677     Revenue:  $2,254,568    
Attributes:  Absentee Run, Semi-Absentee Run, Training & Support     Cooperation With Brokers?  Call
Los Angeles County Restaurant, Bar, Full Liquor - Absentee Run Business For Sale

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  Description About This Posting: Restaurant, Bar, Full Liquor - Absentee Run
The crown jewel! Restaurant & bar with full liquor, 3000 sq.ft. Patio, low rent, absentee owner

Rrc#: 3649
Price Reduced: Offered at $415,000
Location: los angeles county
Annual revenue: $2,254,568
Annual cash flow: $219,677
Monthly rent: $6,900

Listing description:

Pre-approved for a SBA loan with 10-20% cash down! Priced reduced due to current market conditions. Very special restaurant & bar located in a fantastic area with a prime location and high foot traffic. Serving great American steaks, chicken, pastas, burgers, salads, wood fired pizzas, plus craft cocktails and beer. 40% of sales are alcohol, with bartenders serving 300 cocktails a night on weekends! Features a casual decor, floor to ceiling windows, lots of natural light, a huge outdoor dining area plus, firepit lounge area. With indoor seating for 60, outdoor seating for 90 or more. Owner works less than 15 hours a week in the restaurant. Great reviews across the board!

Within the main dining room & bar is a large Italian wood fired pizza oven with cold prep station and marble work table. There is a separate wine storage room, office and liquor storage. The kitchen boasts a double hooded cook line and one cold prep line. There is a walk in cooler, walk in freezer, grease trap, separate dishwashing area. Some equipment includes: 3 cold prep stations, grill with oven, salamander, 4 burner stove with oven, 8 burner stove with oven, floor mixer, convection oven with hood, 2 fryers, 2 food warmers, ice machine, 3 door under counter fridge, microwave, slicer, tables, chairs, lounge chairs, sound system inside/out. 2 firepits, 6 ceiling heaters, 12 patio heaters, 10 umbrellas and POS system with 4 tablets. Bar includes: Keg fridge, cube ice maker and 3 under counter wine refrigerators, plus kegerator and bar well.

General information:
Organization: inc
Established: 2011
Current owner: 2011
Employees: 45
Reason for sale: other interests

Financial information:
Monthly revenue: $187,880
Monthly cash flow: $187,880
Annual revenue: $2,254,568
Annual cash flow: $219,677
Payroll: contact for info

To get more information about this Restaurant, Bar, Full Liquor - Absentee Run business for sale in Los Angeles County please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 415-945-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #261034 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant, Bar, Full Liquor - Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you.

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