Business Summary

Asking Price: $395,000
Gross Income: $360,000
Cash Flow: N/A
EBITDA: N/A
FF&E: N/A
Inventory: N/A
Real Estate: N/A
Established: 2013
Employees: 6

Business Description

This new venue is set to become one of Downtown Los Angeles’s most unique bar and restaurants as it just received approval for its 2,650 square foot parking lot to be converted to a patio with a 100 person occupancy (on top of the restaurant’s 50 person occupancy) that liquor may be served on, and some live entertainment will be permitted on. As the existing concept was just launched and has yet to be heavily promoted, new operators may wish to construct a German beer garden style patio area, a sophisticated outdoor jazz venue, or any number of alternate build-outs to support the myriad of concepts that this entitlement allows for. Seller financing will be considered to qualified parties with sufficient security!

Detailed Information

Facilities: The over 5,000 total square foot space leases for an amazing $4,635 per month, on a fairly new 10 year lease with one 10 year option. All of the business's furniture, fixtures, equipment, Type 47 Liquor License, lease rights and permits will be included in the sale.

Competition: With the implementation of this opportunities’ patio, it will likely be unmatched in the Downtown Los Angeles area.

Growth & Expansion: As the current form of the bar and restaurant is extraordinarily well appointed but yet to be fully promoted or established, a new operator may seek to take this tremendous opportunity in any number of directions.

Financing: Seller financing is offered to Qualified Buyer!

Support & Training: Seller will train for 2 weeks at 20 hours per week or as negotiated

Reason for Selling: Personal

Property Details