For Sale: Restaurant And Bar - With Property - Silverlake, California


Asking Price

  • Address: Los Angeles,

  • Status: Active

  • Posting ID: 283295

  • 5/19/24

Silverlake Restaurant And Bar - With Property Business For Sale


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 manager’s office. The kitchen has a large walk-in cooler, a separate walk-in freezer, a large dry storage room, a prep room, and a comprehensive line with deep fryers, a grill, a griddle, a stove, and 2 convection ovens. Both the business and the prominant corner property are being inlcuded in the sale.

This 4,600-square-foot venue has seating for just over 100 inside.  It boasts a remarkable 1,900-square-foot patio that can accommodate nearly 100 outside.  The owner-occupied premise will lease for $17.2k/mo on a lease until 20338 with a 10-year option.  The parking lot is on a separate lease $1.2k/month lease with the Department of Water & Power. It has been a long-term arrangement anticipated to continue. The business’s furniture, fixtures, equipment, goodwill and Type 47 Liquor License will be included.  An estimated $10k in inventory will be sold at cost at close.   

While competition exists throughout the ever-popular Silverlake, Los Feliz, Echo Park, and Atwater Village enclaves, few if any venues have comparable visibility, as attractive of a layout, or as spacious patio space.  

New operators may continue with the current concept, which has proven successful for over 40 years, with the exception of the COVID years and the recent writer’s strike, or they may capitalize on the venue’s flexible layout and entitlements to become a new location for an existing chain, or the flagship location from which a new concept may be launched. 

To get more information about this Restaurant And Bar - With Property business for sale in Silverlake 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 #283295 on BizBen.com. In addition to phoning Ryan Clark, make sure you email Ryan Clark above to get more info about this Restaurant And Bar - With Property, 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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  1. Name: Ryan Clark
  2. phone iconPhone: 310-652-8353


  1. Asking Price: $2,900,000.00

  2. Down: $2,900,000.00

  3. Cash Flow: $219,950.00

  4. Revenue:    $219,950.00

  1. Area: Silverlake

  2. City: Los Angeles

  1. Attributes:

    Broker CooperationAbsentee RunTraining & SupportReal Estate IncludedReal Estate AvailableSBA Loan Pre-QualifiedLicense (Liquor, etc.)

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