Business Summary

Asking Price: $149,000
Gross Income: $700,000
Cash Flow: N/A
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Real Estate: N/A
Established: 2012
Employees: 5

Business Description

This Silver Lake Area restaurant with beer and wine exudes the type of personality and character that is synonymous with this coveted area. As the current concept is not included in the sale, new operators will seek to capitalize on the venue’s fantastic build-out, beer and wine license, as well as any cache they can retain from the current business’s success. The space can accommodate roughly 30 dine-in patrons.

Detailed Information

Facilities: This 1,200 square foot venue leases for $3,600 per month (plus 6% on monthly revenues exceeding $60,000) on a tenant friendly lease with 3 years remaining and 2 five year options. All of the business's furniture, fixtures & equipment will be included in the sale, however, the operator’s name, website, recipes and decorative artwork will not transfer.

Competition: Competition naturally exists in an area as popular as it is right now. That said, this venue is uniquely located to cater to both locals and visitors alike, and is confidently located enough to draw food enthusiasts from all areas of Los Angeles.

Growth & Expansion: The venue can work as fine or casual dining, a coffee house or bakery with prepared food, or a quick service venue with local neighborhood personality.Support & Training: 2 Weeks at 20 hrs/wk

Reason for Selling: Personal

Property Details