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Large Restaurant & Bar Newly Remodeled w/ Full Liquor-Live Music

Los Angeles County, CA

Large Restaurant & Bar Newly Remodeled w/ Full Liquor-Live Music
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Asking Price: $375,000

Cash Flow: $180,000

Gross Revenue: $840,000



Inventory: N/A

Established: N/A

Large Restaurant & Bar Newly Remodeled w/ Full Liquor-Live Music

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Business Description

Large Restaurant & Bar Newly Remodeled w/ Full Liquor-Live Music-2 Patio's-$180,000 Income- Low Rent

Asking Price: Offered At $375,000
Location: Los Angeles County
Annual Revenue: $840,000
Annual Cash Flow: $180,000
Monthly Rent: $12,000 gross-special discount offered next 2 years.

Listing Description:
This place has it all! ABC type 47 liquor license, live entertainment permit, two patios, cigar lounge & great lease. Nicely appointed and remodeled in 2018. With 5,700 sq. ft. plus two spacious patios and seating for 279, it is perfect for restaurant, bar, club, corporate events, special events, music/dance venue or a sports bar. There are 36 TV's, 24 beers on tap, a stage and dance floor. Special band nights have brought in $10,000 to $12,000 a night. They currently serve upscale food and cocktails for lunch and dinner daily.

The restaurant features a beautiful 30+ foot granite bar with fantastic lighting and spacious dining area. The lounge area comes complete with 8 couches, 4 coffee tables, 10 armchairs and long high-top counter that seats over 30 people. There is a front patio, enclosed back patio and ample parking. Alcohol makes up over 30% of sales. Special lease terms for the next two years include 6 months of rent at $8,000 a month, the other 6 months is at $12,000 a month. That discount goes away in two years or less. Includes: security system/cameras, sound system and POS system.

Kitchen includes: keg cooler, walk in cooler, walk in freezer, 2-12 ft hoods and cookline, convection oven, grill, ice maker, 2 fryers, 6 ft char-broiler, 6 burner stove with oven, 4 burner stove, salad prep station, food warmer. Additional areas include: dish washing room, storage room, prep area. Bar has 3 jockey boxes, under counter refrigeration, glass washer, tap system. Business is mostly manager run. Owners are mostly absentee.

General Information:
Organization: Corporation
Established: 2018
Current Owner: 2018
Employees: 15
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $70,000
Monthly Cash Flow: $15,000
Annual Revenue: $840,000
Annual Cash Flow: $180,000
Payroll: Contact For Info

Detailed Information

Los Angeles County, CA
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Teri Craft

Business Listed By:
Teri Craft

Restaurant Realty Company

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Sponsoring Broker:
Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

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