Los Angeles Restaurant & Lounge – Highly Profitable Multi-Location

Los Angeles, CA (Los Angeles County)

Los Angeles Restaurant & Lounge – Highly Profitable Multi-Location

Asking Price:$2,650,000

Cash Flow:$1,188,331

Gross Revenue:$4,241,738

EBITDA:N/A

FF&E:$200,000

Inventory:$20,000*

Established:2006

*not included in asking price.

Los Angeles Restaurant & Lounge – Highly Profitable Multi-Location

Get Financing Save Print Share Valuation Report

Business Description

These 2 highly profitable bar, lounge and restaurant opportunities are conveniently located near one another in a highly sought after Los Angeles location. Each location boasts its own unique concept and is profitable. The locations benefit from a combination of the daily lunch and happy hour crowds comprised of downtown’s professionals, artists, students and residents as well as evening revelers.

Detailed Information

Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The venues occupy 5,400 total square feet that lease for $20,000. The leases have 10 – 14 years of coverage with options. Approximately $20,000 in total liquor inventory will be sold at cost at close in addition to asking price. All of the business's furniture, fixtures, equipment, goodwill and Type 47 and Type 48 Liquor Licenses will be included in the sale.
Competition:
While there are several competing bar and entertainment venues in this area, these venues operations differ from one another, yet their proximity provides them economies of scale in terms of management and operational efficiencies that create a unique and sustainable competitive advantage. Risk is reduced risks as each venue has its own character, personality, loyal target client base and peak hours of operation.
Growth & Expansion:
New operators will likely capitalize on these established venues’ proven track record, profitability and best practices to continue to build upon each one’s success via the opening new locations or brand extensions throughout the Los Angeles area.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal

Listing Statistics for Premium Members

Ad#:1324179 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 & conditions 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


Bonchon

Franchise Opportunity
Capital Required: $300,000