$450,000.00
Asking Price
Address: West Los Angeles, 90094.
Status: Active
Posting ID: 280186
4/15/24
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 $450,000
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: $450,000.00
Down: $70,000.00
Cash Flow: $197,904.00
Revenue: $2,137,548.00
Area: West Los Angeles
City: West Los Angeles
Attributes:
My Notes About This Listing
Cash flow
$219,950
Revenue
$219,950
Down
$2,900,000
Posting: 283295 | Available | 4/21/24
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Cash flow
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Posting: 274482 | Available | 4/21/24
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Revenue
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Cash flow
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Revenue
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Down
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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
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Cash flow
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Revenue
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Down
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Bldg Size
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Space Being Rented
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Year Built
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Lease Amount
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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
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$4,500,000
Cash flow
$174,802
Revenue
$759,686
Down
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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
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Cash flow
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Revenue
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Down
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Down
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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
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Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
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