Signature Restaurant for Sale w/Income Property – Silverlake Area!

Los Angeles, CA (Los Angeles County)

Signature Restaurant for Sale w/Income Property – Silverlake Area!

Asking Price:$12,500,000

Cash Flow:$943,941

Gross Revenue:$2,434,764

EBITDA:N/A

FF&E:N/A

Inventory:$20,000*

Real Estate:$11,000,000

Established:2004

*not included in asking price.

Signature Restaurant for Sale w/Income Property – Silverlake Area!

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Business Description

Profitable - Seller Motivated!

This Silverlake area bar and restaurant is being offered for sale for the first time in over a decade. The sale of this signature property is particularly unique due to nature of the property that is included in the sale. It boasts tremendous street frontage and covers an entire block of Sunset Boulevard in the heart of Los Angeles’s hottest area. This property has 2 onsite parking lots and street parking is also typically available.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Facilities:
This 2,600 square foot restaurant is part of an 11,081 square feet premise that spans 4 parcels on approximately 0.6 Acres (26,500 square feet). All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. The bar and restaurant’s name, concept and recipes will not be included.
Competition:
Competition certainly exists from a restaurant perspective, however, few locations have become as synonymous with their patrons as this one has in terms of the quality of its food, bar and entertainment offering. Few venues can match the history, convenience, or access to some of the cities’ most coveted areas that this one of a kind opportunity offers.
Growth & Expansion:
As the name is not included in the sale, new operators may choose to capitalize on a good portion of the venue’s goodwill and launch a similar concept from this highly successful location, they may wish to implement an entirely new concept, or they may seek to take advantage of this unparalleled Sunset Boulevard location near Silverlake, Echo Park and Downtown Los Angeles, and redevelop the entire property into a boutique hotel that should already be entitled for a bar and restaurant, or a mixed use retail and residential development.
Support & Training:
2 weeks at 20 hrs/wk
Reason for Selling:
Personal

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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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