$595,000.00
Asking Price
Address: West Los Angeles, 90094.
Status: In Escrow
Posting ID: 280186
9/20/23
Description
This is a popular, urban, coastal restaurant and bar serving full liquor in the greater Marina Del Rey area. Located in a bustling, walkable area of the city, the restaurant boasts multiple attractive patios in a beautiful setting and lively atmosphere. The establishment comes with a 47, full liquor license, 36 beers on tap and indoor and outdoor seating that accommodates 150 guests. SBA Approved for financing.
The restaurant features an upscale casual menu with a focus on burgers, chicken, fish, salads, appetizers and of course, craft beers, stellar cocktails, brunch and dessert. With multiple TVs throughout, it is the perfect spot for customers to watch their favorite teams play.
This is a turn-key restaurant with a loyal customer base, over $2,000,000 in annual revenue, a proven history of success and strong income. Overall, this restaurant and bar is an exceptional opportunity for an experienced restaurant, operator looking to own a thriving business in a prime location. Located near restaurants, shopping and theatres. The restaurant is 2,700 sq. ft. with seating for 80 inside and 70 people outside. Alcohol sales are permitted until 11 PM on weeknights and midnight on weekends.
Some equipment and fixtures include-Walk-in beer cooler, kegerator, 36 tap glycol system, glass washing machine, 12-foot hood, 12 TVs, liquor cooler, walk-in food cooler, 4 cold prep stations, double griddle, double fryer, grill, charbroiler, salamander, 2 stoves with oven, Toast POS system, security system, sound system, dinnerware, glassware, flatware, all smallwares plus, all furnishings including- indoor tables, chairs, bar stools, all patio tables, chairs & umbrellas and more. Inventory is available in addition to the sale price.
25 employees including one general manager. The general manager is paid $72,000 a year. The owner spends less than 15 hours a week in the business.
Rent and lease terms: The monthly base rent is $15,996 and cams are $5,732. The lease expires in November 2023. There is one five-year option to extend the lease. We will assist with the issuance of a new lease or the assignment.
SBA financing is available for a well-qualified restaurant operator with 10% or more cash down. The landlord requires an experienced restaurant operator with a 3 million dollar net worth. The owner is retiring and this is priced to move fast!
Listing price is $595,000
To get more information about this Restaurant And Bar - Semi Absentee Run business for sale in West Los Angeles please phone Teri Craft (Agent - BRE License #:01345105) at 626-864-4446 Cell and 626-864-4446 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #280186 on BizBen.com. In addition to phoning Teri Craft, make sure you email Teri Craft above to get more info about this Restaurant And Bar - Semi Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01345105. Berkshire Hathaway Commercial.
Contact
Details
Asking Price: $595,000.00
Down: $70,000.00
Cash Flow: $267,966.00
Revenue: $2,137,548.00
Area: West Los Angeles
City: West Los Angeles
Attributes:
My Notes About This Listing
Cash flow
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Posting: 283881 | Available | 12/7/23
Welcome to the Heart of Glendale: A Stunning, Fully Remodeled Restaurant with Immense Potential.
Asking Price
$1,100,000
Cash flow
$203,015
Revenue
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Down
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Posting: 280387 | Available | 12/11/23
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The price has reduced for Popular Cafe, a local favorite, is located in a strip center on a highly traveled road in the town and ideally located across from a major shopping center and couple blocks away from Club Store. Initially established in 2010 and under current ownership since 2015.
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Cash flow
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Revenue
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Posting: 276285 | In Contract | 12/8/23
Popular restaurant has a fully equipped kitchen and large, sunny dining room. Seller is currently operating with a Chinese concept; Buyer could convert to Thai or Mexican Cuisine and perhaps a few others. The restaurant is located in a very busy shopping center, with a major anchor tenant.
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Revenue
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Down
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Down
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An established, self-reliant, and profitable home healthcare business is currently available for sale. In 2022, the company generated $3,142,162 in revenue, with an EBITDA of $1,074,504. This company specializes in delivering nursing services provided by Registered Nurses (RNs) and more.
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Bldg Size
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Typical Floor Size
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Year Built
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Posting: 282892 | Available | 12/11/23
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Cash flow
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Revenue
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Down
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Posting: 273276 | Available | 12/8/23
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Cash flow
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Revenue
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Down
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Posting: 283295 | Available | 12/11/23
This Silverlake restaurant and bar with liquor, onsite parking, and excellent street visibility boasts what may arguably be the most coveted outdoor patio in the area. The restaurant has 2 separate interior dining areas that open into an adjacent 12-seat bar as well as its outdoor patio and office.
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$3,450,000
Cash flow
$1,000,000
Revenue
$9,000,000
Down
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Posting: 278933 | Available | 12/5/23
Earthwork construction company - grading, asphalt paving for renovation & new construction projects, plus asphalt & concrete repairs and maintenance for recurring commercial & public customers. 30 skilled employees with capable non-owner management. Extensive equipment & vehicles. 37-year history.
Asking Price
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Total Investment
$100,000
Min Liquid Cash
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Net Worth
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S.A.M offers individuals and companies of all sizes the opportunity to fulfill a passion for nurturing young minds while running a profitable and rewarding business. Our program uses the two-pillared approach of Classroom Engagement and Worksheet Reinforcement.
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Cash flow
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Revenue
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Down
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Cash flow
$1,900,000
Revenue
$9,500,000
Down
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Profitable commercial construction general engineering contractor, with recurring Fortune 500 customers, over 50 employees, and extensive equipment and vehicles. In San Francisco Bay Area. Customers consist of major telecommunications and other Fortune 500 companies throughout Northern California.
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Total Investment
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Min Liquid Cash
$200,000
Net Worth
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Cash flow
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Revenue
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Posting: 278573 | Available | 12/11/23
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Cash flow
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Revenue
$1,556,447
Down
$1,125,000
Posting: 280303 | Available | 12/11/23
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Cash flow
N/A
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N/A
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Posting: 283476 | Available | 12/7/23
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Asking Price
$249,999
Cash flow
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Posting: 284095 | Available | 12/7/23
This Venice Beach quick service food venue is centrally located on Abbot Kinney, one of the city and nation's most popular retail streets in one of its hippest neighborhoods. This 1,050 square foot location leases for $18,079 per month. New operators may leverage this location for a new concept.
Asking Price
$62,000
Cash flow
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Revenue
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Down
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Posting: 276160 | Available | 12/5/23
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Total Investment
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Min Liquid Cash
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Net Worth
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Franchise Fee
$30,000
Cash flow
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Revenue
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Down
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Posting: 278808 | Available | 12/11/23
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Cash flow
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Revenue
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Down
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Asking Price
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Cash flow
$281,000
Revenue
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Down
$900,000
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Cash flow
$49,467
Revenue
$153,908
Down
$149,000
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Asking Price
$149,000
Cash flow
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Revenue
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Down
$65,000
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
$395,000
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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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ABC license specialist and owner of ABC Licensing Services, Elaine Olshanetsky, has 25 + years of experience obtaining and transferring liquor licenses for clients. assisted new buyers as well as seasoned professionals.
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I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a business evaluation & SWOT analysis for your business anywhere in the USA.
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I am the Founder Of BizBen.com. I consult daily with intermediaries, business buyers, owner/sellers & advisors daily about buying and selling California small to mid-sized businesses. Contact me today about joining & utilizing BizBen, consultations, & advisory services.
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