Downtown Los Angeles Restaurant & Bar w/Liquor & 2 Patios!

Los Angeles, CA (Los Angeles County)

Seller Financing Available
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Asking Price: $500,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Rent: $16,083 /Month

Established: 2006

*not included in asking price.

Downtown Los Angeles Restaurant & Bar w/Liquor & 2 Patios!

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Business Description

This Los Angeles restaurant and bar with liquor boasts one of Downtown Los Angeles’s most prominent locations with 2 coveted outdoor patios. The venue is near highly popular hotels and alternate day and evening dining and nightlight options. The space benefits from a combination of the daily lunch and happy hour crowds made up of professionals, travelers, residents, students and artists as well as evening revelers.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,174
Lease Expiration:
N/A
Facilities:
The 3,174 square foot venue leases for $16,083 plus common area maintenance on a lease that expires in 12/2020 with one 10 year option. All of the business's furniture, fixtures, equipment, goodwill and Type 47 Liquor License will be included in the sale. Approximately $10,000 in liquor inventory will be sold at cost at close.
Competition:
This venue is near the epicenter of the bustling downtown Los Angeles area, and it benefits from its prominent location with a high density of nearby workers and residents. As a result of its locations, 2 patios, restaurant and bar operation, this space has an enviable advantage over competition.
Growth & Expansion:
New operators will wish to capitalize on the facility’s liquor entitlement, patios and versatile buildout to launch any number of new concepts that can thrive from this location. They will also be uniquely able to cater to patrons nearby entertainment venues that lack food service.
Financing:
Owner will finance 50%
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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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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