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Westwood Restaurant & Bar w/ Liquor Newly Refurbished with Patio!

California, Westwood
Asking Price $275,000.00
Gross Income $652,519.00
Cash Flow $652,519.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • RESTAURANTS

  • Brew Pub
Overview
This well established Westwood restaurant with liquor, a new bar (as of 7/2013) and a patio is ideally located on a popular Westwood Boulevard just South of Wilshire just had $70,000 invested in renovations and bar expansion. The venue s conditional use permit allows for liquor to be served with food by wait staff as opposed to a dedicated bartender. This restaurant boasts a spacious kitchen, separated bar and dining areas, a manager s office, separate employee rest room, and a parking lot with additional spaces on lease. This restaurant has been a neighborhood favorite for decades and can continue to thrive under its current concept or under a modified one.
Business Details
Location and Facilities: The 2,640 square foot facility leases for $7,000 per month on what will be a new 5 year lease with one five year option to be finalized in the sale. The sale includes all of the business assets (except for a few minor items), including a new fully built-out bar and seating for nearly 80 patrons (70 indoor adn 10 on patio) as well as the venue s liquor license.

Support/Training: As required

Market Information and Position: A new owner may seek to capitalize on the business s liquor license and patio by promoting a more extensive drink menu and cocktail-oriented food offerings. They may also seek to convert a portion of the facility to a private dining room for large families or special events. While the facility just had $70,000 in renovations, new management may seek to slightly modify the concept and slightly further renovate. This venue is located in a highly popular area for bar and restaurant venues. Competition: competition naturally exists. This business has a natural competitive advantage due to its decades of goodwill, parking availability, liquor license and expanded bar, and its ease of access to the UCLA Campus, the 405 Freeway and several additional major throughways.

Reasons for Selling: Retirement

Financing:

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