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For Sale: American European Restaurant - Turnkey - Los Angeles, California

$750,000.00

Asking Price

  • Address: Los Angeles,

  • Status: Active

  • Posting ID: 279865

  • 7/26/23

Los Angeles American European Restaurant - Turnkey Business For Sale
American European Restaurant - Turnkey Company For Sale
Los Angeles American European Restaurant - Turnkey Companies For Sale
Buy, Sell A American European Restaurant - Turnkey Business
Selling A Los Angeles American European Restaurant - Turnkey
American European Restaurant - Turnkey Business Opportunity

Description

This restaurant is located in a residential neighborhood of the east-central region of Los Angeles, northwest of downtown, bordered by Silver Lake to the west and Chinatown to the east boasting annual profits of $306,000. It has a menu full of American and European from chicken panini to beef burgers and bolognese pasta during lunch and dinner, to Spanish frittata andsSalmon benedict at breakfast. There is seating that follows an indoor/outdoor flow with a patio garden, where each table feels like a unique corner of the world, shrouded by various trees.

There is a 2,000 sq ft kitchen and dining room seating 65 and a 1,500 sq ft. outdoor patio seating a further 50. An ABC Beer and Wine license is included which is a much need attribute to weekend brunch champagne. During the day, you'll feel like you are eating in an English garden, while in the evening, you'll be transported to your own Parisian rendezvous with twinkling lights.

The 2022 annual revenues was $2 million with profits of $306,000 and rent at only 6% of sales. A recent review said 'This place is a solid 10/10 when it comes to great food, cute ambiance, and amazing customer service! It was very cute. It felt like we were having our lunch in our backyard, only cuter.'

This is turn key and includes a fully equipped kitchen, attractive dining room and outdoor seating in the mature garden and located in an extremely nice neighborhood of LA County. It is pre-Approved for a SBA long term loan.

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 & 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: $195,810
Monthly Cash Flow: $25,500
Annual Revenue: $2,349,716
Annual Cash Flow: $306,000
Annual Payroll: $761,133

General Info:
Ownership: LLC
Established: 2000
Current Owner: 2020
Employees: 45
Reason For Sale: Other Interests
Monthly Rent: $12,295 Inc NNN
Expiration: 2030 plus 5 Yr Lease Option

Facilities:
Square Feet: 2,000 Indoors & 1,500 Patio
Seating: 115
Parking: Street (Ample)
Licenses: ABC Type 41, Business & Health Permit
Days/Hours of Operation: 8.00am - 9.00pm Daily

To get more information about this American European Restaurant - Turnkey business for sale in Los Angeles please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 and -- - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #279865 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this American European Restaurant - Turnkey, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.

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Contact

  1. Name: Steve Zimmerman
  2. phone iconPhone: 888-995-9701
  3. phone iconPhone: --

Details

  1. Asking Price: $750,000.00

  2. Down: Call/Email

  3. Cash Flow: $306,000.00

  4. Revenue:    $2,349,716.00

  1. Area: Los Angeles

  2. City: Los Angeles

  1. Attributes:

    Broker CooperationTraining & Support

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Related Links & Information Regarding This Posting

Email Steve Zimmerman Below About This Posting


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