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





*not included in asking price.

Downtown Los Angeles Bar & Restaurant – Neighborhood Favorite!

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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

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
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:

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Ryan Clark

Business Listed By:
Ryan Clark

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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