Contact: Ryan Clark At 310-652-8353 - Also Email This Contact Below
Asking Price: $7,000,000 Down Payment: $7,000,000
Annual SDC: $1,260,000
Annual Gross: $9,145,000
Business Address: None Given City: Los Angeles Zip: None Given
Attributes: Broker-Broker Coop, Training & Support
This formidable 2 location restaurant chain with a proven concept operates from 2 of the most prestigious, high-profile locations that the city has to offer. One location is positioned to provide high quality mid-range to fine dining cuisine to those in the greater Beverly Hills and West Los Angeles areas, while the second caters to the most affluent areas of the San Fernando Valley.
The premises are 3,500 square feet with a 1,100 square foot patio and 4,300 with a 1,700 square foot patio. Each creates an ambiance that complements the popular food concept. Both are in high profile locations with abundant parking and complementary neighboring businesses. The facilities lease for $43,000 and $31,500 per month including base rent and triple net (NNN) and/or common area maintenance (CAM) fees. The leases expire in June 2028 and May 2022 respectively. Each locations furniture, fixtures, equipment and Type 47 Liquor Licenses will be included in the sale, as will the well-known brand's tremendous goodwill comprised of the concept's name, menu, recipes and other intellectual property, vendor and customer list, etc. Approximately $25,000 in beer, wine and liquor inventory per location will be sold at cost at close.
While competition exists in both highly popular dining and entertainment destinations, this branded concept has set itself apart by its chef created menu, recipes and wine selection, stellar customer service, authentic atmosphere and dining ambiance. For these reasons, coupled with the brand's high traffic locations, customer following that has been amassed from nearly a decade of never disappointing meals served, the concept is considered to be long-term and sustainable. This is not only evidenced by each location's revenues, but also by their loyal client base and reviews.
New operators will likely wish to capitalize on the brand's goodwill and established following to open comparable locations. If a regional chain is desired, the concept could thrive in areas such as Santa Monica, Hollywood, Downtown Los Angeles, the South Bay Beach Cities as well as prestigious coastal cities like Newport Beach, Laguna, San Diego, Santa Barbara or Las Vegas. Since the business has been professionally managed and its model established with years of best in place, new management may consider licensing or franchising options to grow the brand.
To get more information about this Fine Dining Restaurant Chain - 2 Units business for sale in
Los Angeles County Area please phone Ryan Clark (Broker) at 310-652-8353 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #245189 on BizBen.com. In addition to phoning
Ryan Clark, make sure you email Ryan Clark above to get more info about this
Fine Dining Restaurant Chain - 2 Units, to ask any questions or request an appointment to see this
business for sale. Thank you.
Contact: Jack Oh: None Given, 562-544-6863
Status: Active Posting #: 267732 Refreshed: 5/8/2021
Asking Price: $199,000
Down Payment: $50%
Annual SDC: $90,000
Annual Gross: $900,000
Attributes: Training And Support
Owner is retiring after 38 years. Recently remodeled 3 years ago. Fully equipped with walk in cooler and freezer. Has beer wine license. Located on a major street. Densely populated area. Seating for 150. Monthly gross: $75,000. Annual net: $90,000.
Contact: Ryan Clark: 310-652-8353
Status: Active Posting #: 267637 Refreshed: 5/2/2021
Asking Price: $225,000
Down Payment: $225,000
Annual SDC: $60,000
Annual Gross: $521,518
Attributes: Broker-Broker Coop, Semi Absentee Run, Training And Support, Owner Financing
This Eagle Rock area restaurant boasts a modern, clean build-out with an open floor plan as well as stellar street visibility. The venue has multiple interior dining areas, each with its own unique ambiance. The fully outfitted kitchen has a walk-in cooler. convenience freeway, main street access. This 2,000 plus square foot space leases for $6,340 on a lease that expires in 2028 with one 5-year option. The venue has seating for 60 patrons inside. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. Approximately $2,000 in inventory will be sold at cost at close.