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Restaurant And Bar With Liquor In California For Sale

California
Asking Price:
$500,000 (USD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

This Los Angeles restaurant and bar with liquor boasts one of Downtown Los Angeles’s most prominent locations with 2 coveted outdoor patios. The venue is near highly popular hotels and alternate day and evening dining and nightlight options. The space benefits from a combination of the daily lunch and happy hour crowds made up of professionals, travelers, residents, students and artists as well as evening revelers.

The 3,174 square foot venue leases for $16,083 plus common area maintenance on a lease that expires in 12/2020 with one 10 year option. All of the business's furniture, fixtures, equipment, goodwill and Type 47 Liquor License will be included in the sale. Approximately $10,000 in liquor inventory will be sold at cost at close.

Property information

Real Estate:

Lease

Business Operation

Expansion Potential:

New operators will wish to capitalize on the facility’s liquor entitlement, patios and versatile buildout to launch any number of new concepts that can thrive from this location. They will also be uniquely able to cater to patrons nearby entertainment venues that lack food service.

Competition / Market:

This venue is near the epicenter of the bustling downtown Los Angeles area, and it benefits from its prominent location with a high density of nearby workers and residents. As a result of its locations, 2 patios, restaurant and bar operation, this space has an enviable advantage over competition.

Reasons for selling:

Personal

Years established:
2006

Other Information

Support & training:

2 Weeks at 20 hrs/wk

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner will finance 50%

Inventory / Stock value:
$10,000 (USD)

Contact Information

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