$395,000.00
Asking Price
Status: Active
Posting ID: 284326
8/30/24
Description
Restaurant and Brewery, Established in 2000 - 4,000 Sq. ft., Outdoor Patios, Large Parking Lot, South Bay - Los Angeles
RRC# 4859
Location: South Los Angeles
Description:
Long Established craft brewery and restaurant opened in 2000 by current owners. The business is highly regarded in the community and was named by Los Angeles Business Journal as one of the top family owned businesses in Los Angeles County. Dedicated to owners’ original promise of comfort, quality and service; the free-standing historic building has its own private parking lot for 50 cars in a highly visible location. The business provides a warm, welcoming place for customers featuring a full menu, offering homemade Pizza and quality food throughout plus signature hand-crafted ales Brewed on-site. Premises is licensed for live music. 2023 tax returns show 1.6 million in annual revenues with 2024 on track to produce similar financials. Owners are also the landlords so a brand new long-term lease can be negotiated with many years and options. Expectations are monthly rent between $2.50 - $2.95 per square foot, triple net. The owners have decided to retire and are seeking a motivated, passionate Buyer looking to continue the superb reputation. Restaurant has full complement of staff. The kitchen boasts a 16’ type 1 hood with fire suppression system, large walk-in, 6 burner stove, oven, char-broiler, salamander, 2 x deep fat fryers, stainless steel worktops and reach in refrigerators. The dining room has a display wood burning pizza oven and prep area for pizzas and salads. The dining room seats 65 with a further 25-30 in the bar. 2 outdoor patios seating 25-30 each. The brewery is licensed with a Type 23 Beer Manufacturers License. 7 bbl. Brewery equipment is featured prominently behind the bar. Constant year round Los Angeles coastal climate with cool ocean breezes makes for consistent planning and revenues. To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease and comprehensive list of equipment included with the sale. We’ll also send you the Broker’s direct contact information so you can discuss this opportunity in more detail..
Financial Information:
Monthly Revenue: $150,000
Monthly Cash Flow: $13,833
Annual Revenue: $1,560,000
Annual Cash Flow: $166000
General Info:
Ownership: Inc
Established: 2020
Current Owner: 2020
Employees: 32
Reason For Sale: Other Interests
Monthly Rent: $2.95 PSF - NNN
Expiration: New Lease Negotiable
Facilities:
Square Feet: 4,000
Seating: 108 + 60 Patio
Parking: 50+
Licenses: ABC Type 23, Business and Health
Days/Hours of Operation: Friday - Wednesday 11.00am - 9.00pm Closed on Thursdays
To get more information about this Restaurant And Brewery - Long Established business for sale in Los Angeles County please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #284326 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant And Brewery - Long Established, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.
Contact
Details
Asking Price: $395,000.00
Down: Call/Email
Cash Flow: $166,000.00
Revenue: $1,560,000.00
Area: Los Angeles County
City: None Given
Attributes:
My Notes About This Listing
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The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
ServingSouthern California
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
ServingCity Of San Francisco
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.
ServingSan Francisco Bay Area, North Bay, Central Valley
Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
ServingAll California
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.
ServingAll Of California
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