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Los Angeles Restaurant w/Customer Embraced Concept – Seller Financing

Los Angeles, CA (Los Angeles County)

Seller Financing Available
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Asking Price: $850,000

Cash Flow: $243,770

Gross Revenue: $1,563,465

EBITDA: $243,770

FF&E: N/A

Inventory: $10,000*

Rent: $4,301 /Month

Established: 2010

*not included in asking price.

Los Angeles Restaurant w/Customer Embraced Concept – Seller Financing

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Business Description

This established bar and restaurant boasts a dominant downtown Los Angeles location in one of its most sought after areas. The successful concept is a proven earner with remaining room to increase top-line revenues and further maximize its already attractive net profit margin. The establishment’s concept is a unique one, while its menu and decor differentiate it from competing area venues, while providing a buyer the ability to capitalize on its recipe for success by opening new locations. The venue has a bustling daily lunch and happy hour crowd largely comprised of downtown’s professionals, artists, students and residents, whereas they all also attract evening revelers including those who reside in the immediate vicinity or frequently visit.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Facilities:
This established bar and restaurant boasts a dominant downtown Los Angeles location in one of its most sought after areas. The successful concept is a proven earner with remaining room to increase top-line revenues and further maximize its already attractive net profit margin. The establishment’s concept is a unique one, while its menu and decor differentiate it from competing area venues, while providing a buyer the ability to capitalize on its recipe for success by opening new locations. The venue has a bustling daily lunch and happy hour crowd largely comprised of downtown’s professionals, artists, students and residents, whereas they all also attract evening revelers including those who reside in the immediate vicinity or frequently visit.
Competition:
The 2,000 square foot venue leases for $4,301 per month on a lease until 9/1/30. All of the furniture, fixtures, equipment, Type 47 Liquor License, as well as goodwill with the names and concept will be included in the sale. Approximately $10,000 in liquor inventory will be sold at cost in addition to asking price.
Growth & Expansion:
New operators will likely capitalize on this established venue’s successful track record. They may opt to focus on promoting this location or they may use it as the blueprint and launch pad to open new locations. The venue would tremendously benefit from a full-time working owner-operator.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Contact the Seller

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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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