2 Burbank Restaurants for the Price of 1 - Beer, Wine, Patio & Parking

Burbank, CA (Los Angeles County)

2 Burbank Restaurants for the Price of 1 - Beer, Wine, Patio & Parking
Contact Seller

Asking Price: $375,000

Cash Flow: N/A

Gross Revenue: $960,000

EBITDA: N/A

FF&E: $50,000

Inventory: $5,000*

Rent: $10,000 /Month

Established: 2017

*not included in asking price.

2 Burbank Restaurants for the Price of 1 - Beer, Wine, Patio & Parking

Save Print Share Valuation Report

Business Description

These unique Burbank restaurants have quickly become a popular destination and locals’ favorite. The sale includes 2 beer and wine licenses (type 41 with specific permission for on-sale and off-sale privileges) and the venue’s lease with two patio seating areas and two dedicated parking lots with over 20 parking spaces. The restaurants serve breakfast, lunch and dinner. They specialize in high end third wave coffees and quality dishes at reasonable prices. The business has an attractive corner location with great visibility, low competition and a growing, loyal customer base that has helped to make it a community favorite. The off-sale privilege offers the unique opportunity to promote a boutique specialty wine and craft beer marketplace.

Detailed Information

Location:
Burbank, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
6FT / 8PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates from a total of 2,500 square feet in two adjacent facilities with two spacious patios that result in a 120 patron seating capacity. The venue leases for a total of $10,000 per month on a 5-year lease that expires in 2021 with a 5-year option. All of the business assets, including a full service kitchen and 2 separate liquor licenses are included in the sale. Approximately $5,000 in inventory will be sold at cost at close in addition to the purchase price.
Competition:
Competition is considered to be low as few restaurants with similar offerings exist in the immediate vicinity.
Growth & Expansion:
While the restaurant is already generating over $80,000 in monthly sales it still has significant potential for continued growth. Opportunities that are readily available include extending the venue’s operating hours to include evening service, promoting the recently added beer and wine sale and launching an aggressive advertising and marketing campaign to help introduce the concept to new customers. Personal issues and health, however, are forcing a sale prior to the founder witnessing the venue’s full potential.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
Contact Seller

Contact the Seller

Contact Seller Loading

Robert Rodriguez

Business Listed By:
Robert Rodriguez

The Veld Group

Show Phone Number

View My Listings


Sponsoring Broker:
Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1469766 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.


Similar Listings


Daphne's

Franchise Opportunity
Cash Required: $282,500