$300,000.00 yearly profitable restaurant and bar !

Los Angeles, CA (Los Angeles County)

$300,000.00 yearly profitable restaurant and bar !
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Asking Price: $675,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

$300,000.00 yearly profitable restaurant and bar !

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Business Description

$300,000.00 yearly profitable restaurant and bar !

RRC#: 3133
Asking Price: Offered At $675,000
Location: Los Angeles County
Annual Revenue: Contact For Info
Annual Cash Flow: Contact For Info
Monthly Rent: 2700

Established Restaurant & Bar with a 15 yr lease. A proven cash flow with a long-term lease put this business opportunity to finance at 20% down payment with a 80% SBA loan. The business is located in a stand-alone building of approximately 3,000 +/- SF with abundant free parking. This bar includes a very valuable no conditions type 47 liquor license. Long term lease with two (2) five (5) year options. Current base rent is $2700/month NNN until 2023. The Restaurant and Bar provides a very comfortable environment where guests can sit at the bar or at table/booths to enjoy great food and beverages, along with entertainment including karaoke! LARGE 30 foot Bar, with 18 bar seats with a floor plan has 12 tables, and 4 booths that surround a karaoke/dance/music area, The business also generates a great cash flow with coin slot operated Pool Tables, ATM machine, a State approved California Lottery dispensary and coin operated digital Jukebox’s ! The business has a fully equipped kitchen-prep area, with refrigeration, freezers, stoves/oven, boilers, fryers and complete venting system. After 31 great years owner is retiring!

General Information:
Organization: Sole Proprietorship
Established: 1987
Current Owner: 1987
Employees: Contact For Info
Reason For Sale: Retirement

Financial Information:
Monthly Revenue: Contact For Info
Monthly Cash Flow: Contact For Info
Annual Revenue: Contact For Info
Annual Cash Flow: Contact For Info
Payroll: Contact For Info
Monthly Revenue: Contact For Info
Monthly Cash Flow: Contact For Info

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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