Bistro With Beer, Wine & Parking
Location California,United States
Asking Price Range < $250K
Gross Revenues $336000
Net Profit / Cash Flow $60000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2008
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This La Cienega bistro for sale with beer, wine and parking has those qualities that everyone seeks when trying to establish a new restaurant concept, or expand an existing one. This restaurant has a high visibility location with convenient access to locals and tourists alike. It feeds off of the Beverly Center and nearby hotel traffic, but also is close enough to the Sunset Boulevard action to attract those out for an evening on the town. With neighbors that include some of the biggest names in the restaurant industry, this location will be ideal for the right restaurant concept.
Asking Price $99,000.
This 1,400 sq. ft. facility leases for $4,700 per month, with a lease until February 2010, and a two year option to renew. The facility comes equipped with a full kitchen, manager's office, male and female restrooms, and a beer and wine license.
This business is located on La Cienega, between Santa Monica Boulevard and the Beverly Center in West Hollywood. As such, it has fantastic street visibility. Naturally, there are several highly popular venues in the area that feed off of one another; however, this one has an actual dedicated parking lot, as well as a beer and wine license which provide it a unique competitive advantage over the others.
A buyer will likely seek to build upon the current concept, or change it all together. Given the location, beer and wine license, and onsite parking lot, a new owner may seek to launch any number of venue from this tremendous space.
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