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Los Angeles Hospitality Group – Diversity of First Class Operations!

Los Angeles, CA (Los Angeles County)

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Asking Price: $10,200,000

Cash Flow: $2,100,000

Gross Revenue: $13,000,000

EBITDA: $2,100,000

FF&E: N/A

Inventory: $80,000*

Established: N/A

*not included in asking price.

Los Angeles Hospitality Group – Diversity of First Class Operations!

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Business Description

This established restaurant, bar & lounge hospitality group boasts a diversity of first class locations in some of Los Angeles’s most sought after areas. The opportunity is available to serious established operators who possess the financial and operational wherewithal to manage such a multi-facated organization. Several of the venues do have kitchens and varying degrees of food components. In general, food sales constitute ~ 35% of total revenues, with one venue’s food component representing 50% of sales while it is at 0% of several others. Additional information will be made available to qualified principals with a non-disclose agreement and sufficiently completed prospective buyer profile in place.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Facilities:
Each lease is secure and has 5-10 years of additional coverage provided. Each location’s Type 47 or Type 48 Liquor License as will each venue’s goodwill (i.e. their well-established names and concepts) will be included.
Competition:
While there are several competing bar and entertainment venues in the greater Los Angeles area, this group’s broad mix of hospitality concepts not only provide it economies of scale in terms of operational efficiencies, but reduced risks as each venue has its own character, personality and loyal following. Each of the venues espouse a unique point of differentiation, which helps them to effectively cater to a particular client base.
Growth & Expansion:
New operators can capitalize on each established venues’ proven track record, profitability and best practices to continue to build upon the chain’s success via opening new locations or brand extensions throughout the greater Los Angeles area. Specific attributes include Type 47 (food w/liquor) & 48 (no food required) Licenses, Diverse venue variety – each with a unique concept, Geographic concentration to create operational, management and marketing efficencies and economies of scale and Best-in class management and staff with best practices in place.
Support & Training:
As negotiated
Reason for Selling:
Personal
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Michael Wildeveld - CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Michael Wildeveld

Veld Mergers & Acquisitions

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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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