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Marina del Rey, Los Angeles County, California
Rare Rest / Marina Del Rey / Venice MUST SEE!! $990K
Asking Price
$990,000
Revenue
$2,134,969
Down
Call/Email
Cash Flow
Call/Email
Description
In 2024, this restaurant reported a Net Gross of $2,005,216.16. The location is not just excellent; it's superb, offering a unique blend of local and tourist clientele. We're an upscale casual "hipster" restaurant in Venice and Marina Del Rey neighborhood. Food and alcohol sale 50% - 50%. The alcohol is approximately 50 - 50 (50% liquor bar, which includes bottled wine and 50% tap wall beer). NOTE: 40 Self pour taps!!!
The restaurant is fully equipped and was recently renovated from a well-known Japanese restaurant. The premises come with a coveted 47 Liquor License and a substantial beer section, offering a fantastic opportunity to capitalize on the thriving local nightlife. It features a beautiful bar setting, two walk-in coolers, and a 750-gallon grease trap.
The establishment spans 3500 square feet and comes with a lease agreement of 5 consecutive five-year terms, providing long-term security for the new owner. The current asking price is set at $1,180,000 - a justified investment considering the location, assets, and revenue. Note: Lease on their 2nd consecutive 5 years lease.
This is a golden opportunity for anyone looking to dip their toes into the restaurant industry or expand their current portfolio. The seller is open to broker cooperation and is willing to provide support and training to ensure a smooth transition.
Don
Business Details
Year Established:
2019
Reason for sale:
Restaurant Industry
Property Information
Size in Square Feet:
3,500 sqft
Lease Terms:
4-Consecutive Five (5) years leases.
Premises Details:
Fully Equip with 47 Liquor License / Huge Beer Section.
Lease & Tenant Information
Posting Information
Posting ID:
2687053
Business Category:
Restaurants & Food
Business Types:
Full Service, Dine-In Restaurant
Bar, Pub, Sports Bar, Lounge, Tavern
Attributes:
Broker Cooperation
Attachments
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
Rare Rest / Marina Del Rey / Venice MUST SEE!! $990K
Posting ID
#2687053
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NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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