Run A Natl.hotel Food Service Op. Restaurant Lobby Bar

Santa Monica, CA (Los Angeles County)

Run A Natl.hotel Food Service Op. Restaurant Lobby Bar

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$2,499,996

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

Run A Natl.hotel Food Service Op. Restaurant Lobby Bar

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Business Description

Run A Natl.hotel Food Service Op. Restaurant Lobby Bar Room Service Banquets Patio $2,500,000 +sales

RRC#: 2466
Asking Price: Contact For Info
Location: Santa Monica, Los Angeles County, California
Yearly Revenue: $2,499,996
Yearly Cash Flow: Contact For Info
Monthly Rent: negotiable

LISTING DESCRIPTION:
This is a unique opportunity to run the complete food service operation for a prominent hotel chain, conveniently located blocks from the beach in Santa Monica. The food service operator will be responsible for the hotels entire food and beverage service which consists of a 6800 sq ft. restaurant, the lobby bar, room service & banquets. With a $15 million dollar renovation underway, there is some TI is available for remodeling and improvements. There is also a large street-side patio that can be utilized. Must be able to operate daily from 6:00 am to 10:00 pm or later for bar/room service. Hotel has a full liquor license. The rent is negotiable and includes all utilities. The hotel maintains a consistently high occupancy level year round with over $2,500,000 in food service sales annually. There is room for growth given the hotel re-branding and renovation. Ownership is open to concept and menu plans. The large kitchen is fully equipped and operational. REQUIRES REMODEL for front of the house. UNION REGULATIONS MAY APPLY. OWNER IS IN NEGOTIATIONS.

GENERAL INFORMATION:
Organization: Corporation | Seating: 105+ | Square Footage: 6800 | Parking: lot, valet | Days Open/Hours: daily 6:00 am-11:00pm |

FINANCIAL INFORMATION:
Yearly Revenues: $2,499,996 |

LEASE INFORMATION:
Monthly Rent: negotiable | Lease Option: negotiable | Security Deposit: to be determined |

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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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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