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For Sale: Mediterranean Restaurant - Beverly Hills

  • Address: Beverly Hills

  • Status: Off The Market

  • Posting ID: 155047

$999,000

Asking Price

Beverly Hills Mediterranean Restaurant Business For Sale
Mediterranean Restaurant Company For Sale
Beverly Hills Mediterranean Restaurant Companies For Sale
Buy, Sell A Mediterranean Restaurant Business

Description

The Restaurant has been established at this location for over 50 years. The restaurant was first made popular in the late 60's, by having "celebrity" patronage. In fact, Dean Martin and his pals were regulars for drinks and dinner.

Although rich in history, the restaurant has been recently remodeled. The architectural features are unsurpassed. It has a perfect balance between classic mediterranean elements and contemporary features. It is a very elegant European style. The restaurant was completely gutted and rebuilt. Everything is new and upto current building codes. The tenant improvement project took 18 months to complete, with a cost of 1,000,000. Just the kithcen cost over 100K. Certificate of occupancy was issued in January. Essentially, this is a new building/facility.

The location is phenomenal. The restaurant is situated on one of Beverly Hills most prominent streets and within the Dining & Shopping district known as the "Golden Triangle". It is 2 blocks away from the world famous Rodeo Dr. The demographics for this market, speaks for itself. It is located near many tourist attractions and this market segment could become a significant part of the overall client mix.

The restaurant is over 3000 square feet and is permitted to seat 100. Plenty of city owned parking behind the building. Full Liquour License. 8 years remain on the Lease Agreement. The lease payment is 13,000 per month.

A couple of years previous to the remodeling of the restaurant, DaVinci's had gross annual sales receipts of 4,000,000. Since the reopening, the restaurant has experienced sales growth from month to month.

To get more information about this Mediterranean Restaurant business for sale in Beverly Hills please phone Ramon Acereto (Agent) at 909--80-1-11 X33 and 626-810-9317 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #155047 on BizBen.com. In addition to phoning Ramon Acereto, make sure you email Ramon Acereto above to get more info about this Mediterranean Restaurant, to ask any questions or request an appointment to see this business for sale. Thank you.

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Contact

  1. Name: Ramon Acereto
  2. Phone: 909--80-1-11 X33
  3. Phone: 626-810-9317

Details

  1. Asking Price: $999,000

  2. Down: Negotiable

  3. Cash Flow: Call

  4. Revenue:   Call

  1. Area: Beverly Hills

  2. City: Beverly Hills

  1. Attributes:

    Broker-Broker CoopTraining & Support

Related Links & Information Regarding This Posting

Email Ramon Acereto Below About This Posting

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