Restaurant With Full Liquor & Patio
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1260000
Net Profit / Cash Flow $210000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1999
Number of Employees 20 - 34
Inventory 30000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This day-time oriented West Hollywood restaurant for sale with a parking lot, patio and full-bar (offering full liquor) is an established earner that can be run 'as is', or may be successfully be turned into any number of daytime, evening or even late night bar-oriented concepts. The location, and its unique lease and additional attributes, are rare in this coveted restaurant and entertainment corridor. This facility with a full-liquor license has indoor seating for 135, plus room for another 35 or so patrons on the spacious outdoor patio.
Asking Price $799,000.
The 4,600 sq. ft. restaurant with a full-bar, a 700 sq. ft. patio (approximate), and a 15+ space parking lot leases for $12,000 per month on an incredible lease with no annual increases for 18 years! The facility's conditional use permit allows for patio dining until 1 am, as well as non-amplified music.
While this restaurant is located ''on the Boulevard'' East of Doheny and West of Crescent Heights, it is not considered a strictly alternative venue. This venue could be taken in any direction. A new owner could ride out the current concept 'as is' and be successful for decades to come, or a new owner-operator could capitalize on this establishment's liquor license, bar, patio and parking lot and open an full-fledged evening oriented restaurant, bar or lounge and social venue.
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