Downtown Los Angeles Bar & Restaurant – Neighborhood Favorite!

Los Angeles, CA (Los Angeles County)

Downtown Los Angeles Bar & Restaurant – Neighborhood Favorite!

Asking Price:$1,450,000

Cash Flow:$704,279

Gross Revenue:$2,536,336

EBITDA:N/A

FF&E:$50,000

Inventory:$10,000*

Established:2010

*not included in asking price.

Downtown Los Angeles Bar & Restaurant – Neighborhood Favorite!

Get Financing Save Print Share Valuation Report

Business Description

This established Downtown Los Angeles Bar and Restaurant has established itself as a neighborhood favorite that not only attracts downtown denizens every day of the week, but also flourishes from a daily lunch and happy hour crowd from those who work in the heavily populated downtown area on weekdays.

Detailed Information

Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 3,175 square foot bar leases for $11,785 per month plus $4,298 in CAM (Common Area Maintenance) expenses on a lease with 4 years remaining and a 10 year option that will be at fair market value. All of the business's furniture, fixtures, equipment, Type 47 Liquor License and tremendous goodwill (which includes the venue’s name and concept) will be included in the sale.
Competition:
While there are several competing bar and entertainment venues in the Greater Downtown Los Angeles area, this establishment remains the “go-to” option its immediate area as its overall revenues and profits reflect.
Growth & Expansion:
New operators will likely wish to operate this successful venue in the same manning in which it is already operating – with the only consideration being how active of a role they wish to play in the business’s day to day activities.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal

Listing Statistics for Premium Members

Ad#:1252749 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Ryan Clark

Business Listed By:
Ryan Clark

The Veld Group

Show Phone Number

View My Listings


Sponsoring Broker:
Michael Wildeveld

Find out more...

Get more details about this business.


Similar Listings


Bennigan's Grill & Tavern

Franchise Opportunity
Capital Required: $1,200,000