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For Sale: Restaurant - Beer And Wine, Downtown Area - Santa Monica, California

$325,000.00

Asking Price

  • Address: Santa Monica,

  • Status: Active

  • Posting ID: 285276

  • 2/20/24

Santa Monica Restaurant - Beer And Wine, Downtown Area Business For Sale

Description

This stylish downtown Santa Monica restaurant with beer and wine boasts a highly versatile layout in a location with stellar foot traffic and street visibility. The restaurant’s staff is known for their excellent service, while the facility offers a chic ambiance with a relaxed vibe that may be adopted to any number of new concepts ranging from quick service to fast casual or fine dining.  

This 2,495 square foot venue leases for $8,116 per month, plus $1,500 in common area maintenance expenses (CAM) on a lease until 2024 with option to be determined. All of the business’s furniture, fixtures, equipment and Type 41 Beer and Wine License will be included in the sale.  The name and menu will not be included. An estimated $5k in food and beverage inventory will be sold at cost at close.   

Downtown Santa Monica is recognized for its vibrant culinary and entertainment scene, which naturally creates a highly competitive environment. However, despite this bustling landscape, this venue has managed to establish a niche and achieve profitability despite the challenges COVID presented shortly after its launch.  

While the venue’s name and menu is not included in the sale, current management has built the venue into a successful operation with a loyal following in the event the buyer has a similar concept or should they want to use the proven location to offer a wholly different type of fare.

To get more information about this Restaurant - Beer And Wine, Downtown Area business for sale in Santa Monica please phone Ryan Clark (Broker - BRE License #:01399346) at 310-652-8353 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #285276 on BizBen.com. In addition to phoning Ryan Clark, make sure you email Ryan Clark above to get more info about this Restaurant - Beer And Wine, Downtown Area, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01399346. The Veld Group.

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Contact

  1. Name: Ryan Clark
  2. phone iconPhone: 310-652-8353

Details

  1. Asking Price: $325,000.00

  2. Down: $325,000.00

  3. Cash Flow: $138,622.00

  4. Revenue:    $1,977,339.00

  1. Area: Santa Monica

  2. City: Santa Monica

  1. Attributes:

    Broker CooperationTraining & SupportFor Sale By OwnerLicense (Liquor, etc.)

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Related Links & Information Regarding This Posting

Email Ryan Clark Below About This Posting


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