Restaurant With Beer & Wine
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $516000
Net Profit / Cash Flow $240000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2006
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 Marina del Rey / Venice Beach Area restaurant for sale, with beer and wine is a local favorite that continues to grow. The restaurant's ideal location, which attracts the locals, tourists and beach-gowers alike, provides a tranquil setting that ideally fits this restaurant's high-end, yet beach causal concept. The restaurant, which is only open for lunch and dinner despite customers near demands for a breakfast offering, has managed to carve out a unique market niche that has remained unmet in the neighboring beachside communities. Additional opportunities for growth, apart from the natural organic growth the venue continues to receive from its stellar online reviews and its word of mouth referrals, include delivery service (which customers continue to request), aggressive advertising (website creation, online ads, Citysearch, coupon mailers, etc.). and valet service. Asking price $550,000.
The 1,900 sq. ft. restaurant leases for $5,250 per month including common area maintenance expenses on a lease until December 2011, with one five year option. The sale includes a beer and wine license (allowing for service 11 am - 11 pm), and the condition use permit allows for limited entertainment. The restaurant has a fully equipped kitchen, male and female rest rooms, and seating for up to 60 persons.
Marina del Rey, Venice Beach and Main Street Santa Monica have a plethora of formidable dining concepts. The restaurateur, however, has managed to carve out a unique market niche that sets it apart from the competition. The business's unique concept, convenient location, and its plentiful growth opportunities, should help ensure a long term sustainable advantage over its competition.
Though this business has a delivery friendly concept, they do not do it. Similarly, they have yet to implement valet parking (which should also prove profitable). Aside from passing out flyers in the neighborhood, this seller has not engaged in any formal marketing activ
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