Westwood Restaurant w/Beer, Wine & Sidewalk Seating – Well Established

Los Angeles, CA (Los Angeles County)

Westwood Restaurant w/Beer, Wine & Sidewalk Seating – Well Established
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Asking Price: $299,000

Cash Flow: $201,666

Gross Revenue: $633,416

EBITDA: N/A

FF&E: $5,000

Inventory: $20,000*

Rent: $6,610 /Month

Established: 2008

*not included in asking price.

Westwood Restaurant w/Beer, Wine & Sidewalk Seating – Well Established

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Business Description

This well established Westwood area restaurant boasts a highly visible, high traffic location with beer, wine and sidewalk seating. The location lends itself to deliveries as far north as Bel Air, with the UCLA Campus, Westwood, West Los Angeles and Brentwood all in its backyard. Approximately 9.0% of the business is comprised of lunch diners, so there is significant room for top line revenue growth by extending the daytime hours and opening 7 days per week. About 13% of the sales are generated from delivery business and 8% is take-out.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,650
Lease Expiration:
N/A
Employees:
6pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 1,650 square for restaurant leases for $6,610 per month including common area maintenance (CAM) expenses, on a lease until January 2022 with one 1 five year option. The facility has a comfortable manager’s office and separate male and female restrooms as well as a service area with a cappuccino maker. The kitchen has an oversize oven, grill, stove, ice machine, prep tables, walk-in cooler, 1 door freezer and dishwashing unit. All of the venue’s furniture, fixtures, equipment and goodwill will be included in the sale. Approximately $5,000 in wine and food inventory will be sold at cost at close.
Competition:
While competition for quality restaurants always exists in popular areas such as Westwood, the concept has been established for nearly 20 years and the venue has amassed a large loyal client base as a result. Its prime location with excellent main street visibility, tremendous goodwill including its recipes and loyal following provide it a sustainable advantage over alternative options and any future industry entrants.
Growth & Expansion:
While new operators may wish to carry to the torch forward and manage the restaurant with the same menu as the current owners, they may also wish to elaborate on the concept and add their preferred menu additions, open for weekend lunch brunch service or open on Tuesdays as the current operation closes one day per week. Alternately, they may adopt the name and potentially the concept to suite their taste.
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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