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
Price Reduced: Offered at $415,000
Location: los angeles county
Annual revenue: $2,254,568
Annual cash flow: $219,677
Monthly rent: $6,900
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.
Current owner: 2011
Reason for sale: other interests
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.
Related Links And Information Regarding This Posting
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Niche business purchase financing advisory and loan placement services with SBA and Non-SBA Financing, Retirement Fund Rollover Solutions, Combo Financing Packages. To get professionally pre-qualified or more information on the ProBuy/ProSell Programs: 925-785-3118.
Lee Petsas has been selling businesses with UBI Business Brokers in Southern CA since 1981. In 1999 he became the Owner and Broker for UBI. He has been approved multiple times by Courts as an Expert Witness in the area of Business Valuations.
Escrow services to brokers/agents, sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services. 951-808-3972.
Through creative problem solving, attention to detail, accessibility, & understanding that unnecessary delay is often a deal killer, I work closely with my clients and other professionals to consistently achieve a high rate of closings. Office: 909-255-8353, Cell: 509-951-7230.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
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