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Highland Park Area Beer And Wine Bar w/Great Visibility

California, Eagle Rock
Asking Price $175,000.00
Gross Income $600,000.00
Cash Flow $600,000.00
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 established Eagle Rock restaurant with beer, wine, and an attractive patio boasts stellar stront front visibility and freeway access. As the venue is already highly successful as a semi-absentee owned business, it will be relatively turn-key for a new operator who will likely seek to maintain yet build upon the existing concept. The business currently has staff in place, however, the indicated cash flow assumes a new owner is actively managing the operation thereby saving $24k - $30k in wage expense. Semi-absentee owned, the business is estimated to make $7k - $8k per month, or $84k - $96k per annum, meaning that this opportunity should have a fantastic return on investment at its current asking price!
Business Details
Location and Facilities: This unique 1,000 square foot facility with a patio leases for $3,500 per month on a new 5 year lease with one 5 year option. All of the venue's furniture, fixtures, equipment, beer and wine license and established goodwill will tranfers in the sale.

Support/Training: Seller will train for 2 weeks or as negotiated.

Market Information and Position: New owners will likely seek to maintain the current concept as it is both well established and successful. Additional opportunity does exist to further increase revenues by boosting local advertising and engaging in the myriad of promotional activities available to restauranteurs. This restaurant occupies a unique market niche. Competition:It has limited direct competition and has the luxury of being the incumbent operator of this type of resturant venue in the immediate area.

Reasons for Selling: Personal

Financing:
Available
Seller May Consider a Small Secured Carry

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