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La Jolla Restaurant & Bar w/ Patio & Built-In Client Base

California, La Jolla
Asking Price $350,000.00
Gross Income $1,740,672.00
Cash Flow $1,740,672.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • RESTAURANTS

  • Bar Restaurant
Overview
This sophisticated La Jolla restaurant and bar is ideally located in a high-traffic commercial area and boasts a built-in client base. The business has been operating since 2001 and has developed a loyal customer following, whereby multiple visits per week are not uncommon. The restaurant sale includes a full kitchen, bar, large dining room, a private party room, a large covered patio, and a liquor license as well as ability to offer live entertainment for a small musical ensemble.
Business Details
Location and Facilities: The 5,800 square foot facility leases for $18,000 per month, including common area maintenance expense, on a lease valid through 2016. The sale includes all of the business s assets including a full kitchen with a double-sided hood system, a walk-in cooler, multiple freezers, plenty of storage, an office and a recently acquired POS system. Inventory estimated at $40,000 will be sold in addition to the purchase price at cost at close.

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: The business is well positioned for growth. The current owner has been fairly absentee the last few years and has operated the business with minimal direct oversight. The business could significantly benefit from a hands-on working owner that actively manages and promotes the business while building on the already established client base. Competition: This restaurant does face some competition due to the area s high population density, however this business has a prime location from which to capitalize on its nearby customer base.

Reasons for Selling: Other Business Ventures

Financing:

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