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For Sale: Restaurant - With Large Patio Liquor License - Los Angeles


Current Status: Active     Posting #: 248959     Last Refreshed: 2/18/20    
Contact: Ryan Clark At 310-652-8353  -  Also Email This Contact Below
Price:  $350,000     Down:  $350,000     Adjusted Net:  $91,989     Revenue:  $1,900,894    
Attributes:  Training & Support     Cooperation With Brokers?  Yes

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  Description About This Posting: Restaurant - With Large Patio Liquor License
This super hip Highland Park area restaurant with liquor and a large outdoor patio is an extraordinarily enchanting venue in one of the city's hottest areas. The unique venue has recently been entirely refurbished and a new conditional use permit was put in place to create its ambiance and signature vibe.

The 2,468 square foot indoor-outdoor venue leases for a remarkable $3,536 per month on a lease until December 2022 with two 5 year options. All of the business's furniture, fixture, equipment, Type 47 Liquor License and goodwill will be included in the sale. Approximately $17,000 in inventory will be sold at cost at close in addition to purchase price.

While competition in the immediate vicinity has increased, this venue has made a remarkable splash in a very short period of time. As a result, it has established itself and its concept. It stands out from direct competition on all fronts from its unique build-out to its eclectic menu.

As this establishment only operated with beer and wine since opening, the recent addition of a liquor license dramatically increases the venue's options to bolster revenue and the high margin sales associated with spirit and specialty cocktail sales. New management may also revisit the venue's labor expense, as it appears to represent 39% - 42% of considerable revenues (by comparison, rent is at 1.8% - 2.2%).

To get more information about this Restaurant - With Large Patio Liquor License business for sale in Los Angeles 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 #248959 on BizBen.com. In addition to phoning Ryan Clark, make sure you email Ryan Clark above to get more info about this Restaurant - With Large Patio Liquor License, to ask any questions or request an appointment to see this business for sale. Thank you.

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