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South Bay Restaurant and Bar Prime Location

California, Los Angeles
Asking Price $120,000.00
Gross Income $575,000.00
Cash Flow $575,000.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • RESTAURANTS

  • Specialty Restaurant
Overview
This restaurant and bar is located in one of the best locations in the South Bay. With plenty of parking and great access from the greater Los Angeles area, the restaurant has a steady flow of local patrons and is an active location for business lunches and meetings. The venue benefits from excellent street visibility and complementary neighbors, both of which generate a formidable customer base. While the current owner will retain the name with them, new owners may seek to develop a similar menu or change the concept completely or re-launch another similar one.
Business Details
Location and Facilities: The 2,300 sq. ft. restaurant and bar leases for $9,100 per month with a lease through July 2014, plus two (2) additional five-year options. With seating for approximately 60 patrons, the business has a full kitchen with all of the necessary equipment including a deep fryer, 2 grills, oven, stove, dry storage area, walk-in refrigerator and freezer, and plenty of parking.

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: This venue could be taken in any direction. A new owner could capitalize and improve on the success of the current concept, modify it slightly to increase alcohol sales, or use the ideal location to launch an entirely new concept. The current owner has put little attention on alcohol sales and is yet to fully utilize its valuable entitlement. This restaurant and bar is located on a major thoroughfare in the South Bay. Competition: As such, there is strong competition; however its excellent parking and street access are hard to match.

Reasons for Selling: Personal

Financing:

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