$450,000.00
Asking Price
Address: West Los Angeles, 90094.
Status: Active
Posting ID: 280186
4/15/24
Description
This is a popular, urban, coastal restaurant and bar serving full liquor in the greater Marina Del Rey area. Located in a bustling, walkable area of the city, the restaurant boasts multiple attractive patios in a beautiful setting and lively atmosphere. The establishment comes with a 47, full liquor license, 36 beers on tap and indoor and outdoor seating that accommodates 150 guests. SBA Approved for financing.
The restaurant features an upscale casual menu with a focus on burgers, chicken, fish, salads, appetizers and of course, craft beers, stellar cocktails, brunch and dessert. With multiple TVs throughout, it is the perfect spot for customers to watch their favorite teams play.
This is a turn-key restaurant with a loyal customer base, over $2,000,000 in annual revenue, a proven history of success and strong income. Overall, this restaurant and bar is an exceptional opportunity for an experienced restaurant, operator looking to own a thriving business in a prime location. Located near restaurants, shopping and theatres. The restaurant is 2,700 sq. ft. with seating for 80 inside and 70 people outside. Alcohol sales are permitted until 11 PM on weeknights and midnight on weekends.
Some equipment and fixtures include-Walk-in beer cooler, kegerator, 36 tap glycol system, glass washing machine, 12-foot hood, 12 TVs, liquor cooler, walk-in food cooler, 4 cold prep stations, double griddle, double fryer, grill, charbroiler, salamander, 2 stoves with oven, Toast POS system, security system, sound system, dinnerware, glassware, flatware, all smallwares plus, all furnishings including- indoor tables, chairs, bar stools, all patio tables, chairs & umbrellas and more. Inventory is available in addition to the sale price.
25 employees including one general manager. The general manager is paid $72,000 a year. The owner spends less than 15 hours a week in the business.
Rent and lease terms: The monthly base rent is $15,996 and cams are $5,732. The lease expires in November 2023. There is one five-year option to extend the lease. We will assist with the issuance of a new lease or the assignment.
SBA financing is available for a well-qualified restaurant operator with 10% or more cash down. The landlord requires an experienced restaurant operator with a 3 million dollar net worth. The owner is retiring and this is priced to move fast!
Listing price is $450,000
To get more information about this Restaurant And Bar - Semi Absentee Run business for sale in West Los Angeles please phone Teri Craft (Agent - BRE License #:01345105) at 626-864-4446 Cell and 626-864-4446 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #280186 on BizBen.com. In addition to phoning Teri Craft, make sure you email Teri Craft above to get more info about this Restaurant And Bar - Semi Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01345105. Berkshire Hathaway Commercial.
Contact
Details
Asking Price: $450,000.00
Down: $70,000.00
Cash Flow: $197,904.00
Revenue: $2,137,548.00
Area: West Los Angeles
City: West Los Angeles
Attributes:
My Notes About This Listing
Cash flow
$40,450
Revenue
$506,249
Down
$150,000
Posting: 286130 | Available | 4/23/24
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Cash flow
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Revenue
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Down
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Asking Price
Call/email
Cash flow
N/A
Revenue
N/A
Down
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Posting: 286093 | Available | 4/22/24
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Min Liquid Cash
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Net Worth
N/A
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More than just a business opportunity. Own a profitable business in one of the least saturated industries in the country even if you have no experience. The thousands of people who win law suits daily are all your potential customers.
Franchise Fee
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Cash flow
$219,950
Revenue
$219,950
Down
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Posting: 283295 | Available | 4/28/24
This Silverlake restaurant and bar with liquor, onsite parking, and excellent street visibility boasts what may arguably be the most coveted outdoor patio in the area. The venue has 3 dining areas that open into an adjacent bar and outdoor patio. The corner property is included!
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Cash flow
$24,090
Revenue
$346,943
Down
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Posting: 285852 | Available | 4/23/24
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Asking Price
$149,000
Cash flow
$174,802
Revenue
$759,686
Down
$300,000
Posting: 278351 | Available | 4/22/24
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Cash flow
$360,663
Revenue
$450,798
Down
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Cash flow
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Revenue
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Revenue
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Down
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Cash flow
$350,574
Revenue
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Down
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Cash flow
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Revenue
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Down
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New Pricing! These are ten FedEx home & ground delivery routes for sale for $725,000. Currently grossing at $1,046,000 + and has estimated adjusted cash flow of $200,000 + per year. This includes 10 FedEx delivery vehicles that are worth an estimated $313,000 and 11 employees (FT & PT) in place.
Asking Price
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Cash flow
$1,000,390
Revenue
$4,554,178
Down
$760,000
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Asking Price
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Cash flow
$225,886
Revenue
$541,975
Down
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Down
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Revenue
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Down
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The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
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Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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For over 25 years Peter Siegel, MBA has been providing niche business purchase financial advisory and loan placement services with SBA Loans, Non SBA Financing, Retirement Plan Conversions, Note Restructures, etc. Call me regarding business purchase financing and to get pre-qualified: 925-785-3118.
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I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a business evaluation & SWOT analysis for your business anywhere in the USA.
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I am the Founder Of BizBen.com. I consult daily with intermediaries, business buyers, owner/sellers & advisors daily about buying and selling California small to mid-sized businesses. Contact me today about joining & utilizing BizBen, consultations, & advisory services.
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Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
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