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Los Feliz / Glendale Area Restaurant w/Beer, Wine & Outdoor Patio!

Los Angeles, CA (Los Angeles County)

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Asking Price: $295,000

Cash Flow: $100,105

Gross Revenue: $609,052

EBITDA: $100,105

FF&E: $30,000

Inventory: $10,000*

Rent: $8,000 /Month

Established: 2012

*not included in asking price.

Los Feliz / Glendale Area Restaurant w/Beer, Wine & Outdoor Patio!

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Business Description

This Los Feliz / Glendale area restaurant boasts a stellar location in a bustling and increasing popular area of this corridor. In addition to main street signage, this venue has beer and wine, an attractive outdoor patio, onsite parking as well as additional dry storage areas. New operators may wish to take over the existing concept, which has proved successful or they may capitalize on the location, build-out and entitlements to launch any number of new concepts. The venue has an extensive 24 dispenser tap beer system, a 7 person dining bar, 2 – 2 bucket deep fryers, a grill and a griddle, and a large walk-in cooler.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,918
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 1,438 square foot facility plus 480 square foot patio and an additional spacious dry storage area leases for $8,000 per month in total on what will be a new 5 year lease with a 5 year option. All of the business’s furniture, fixtures, equipment, goodwill and Type 41 beer and wine license will be included in the sale.
Competition:
While competition exists in this popular area this venue has developed a loyal customer base for its concept. The location’s main street visibility, onsite parking and stellar freeway access provide it attribute that contribute to its success.
Growth & Expansion:
New management may continue to operate the current concept, or they may capitalize on the location’s attributes and entitlements to launch any number of new concepts that may thrive in this location.
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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