Downtown Restaurant w/2 Bars, Liquor & Embraced Concept!

Los Angeles, CA (Los Angeles County)

Downtown Restaurant w/2 Bars, Liquor & Embraced Concept!
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Asking Price: Get Financing: $950,000

Cash Flow: $300,000

Gross Revenue: $2,400,000

EBITDA: N/A

FF&E: $80,000

Inventory: $50,000*

Lease Rate: $12,000 /Month

Established: 2011

*not included in asking price.

Downtown Restaurant w/2 Bars, Liquor & Embraced Concept!

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Business Description

This highly profitable downtown Los Angeles restaurant boasts an extraordinary buildout that is unmatched in the greater downtown area, 2 bars with are permitted to serve liquor, a fantastic chef friendly kitchen with a large walk-in cooler and separate walk-in freezer, and a customer embraced concept. The venue had over $1.2 million invested in its build-out and launch!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,800
Lease Expiration:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 3,800 square foot restaurant leases for $12,000 month, on a secure long term lease with either two 10 year or 15 year options. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. Approximately $50,000 in beer, wine and liquor inventory will be sold at cost at close.
Competition:
Downtown Los Angeles has bustling restaurant scene, particularly in the higher-end segments that also can serve as entertainment venues. This opportunity represents one of the crown jewels in its burgeoning restaurant scene. As such, competition exists, however, this highly profitable venue has already set itself apart from the competition and has become a go to venue for evening diners or revelers alike.
Growth & Expansion:
As the concept does approx. $2.0 ml in annual revenues, with a solid profit dropping to the bottom-line, it has already proven successful. With that said, it could still further benefit from a full-time owner operator or its promotion as a bar and lounge venue, as it does maintain an early dinner service focus. New operators may also consider operating under extended hours or a new or rebranded concept.
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 International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. 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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