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Businesses For Sale   >>   Restaurants and Fast Food (Non-Franchise) Businesses For Sale

West Hollywood Restaurant With Liquor, Patio & Parking

Location  California,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1800000
Net Profit / Cash Flow  $530000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2009
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  As applicable
Reason for Sale  Personal

Description  
This West Hollywood Restaurant with Liquor, Patio and a large onsite parking lot occupies one of those unique high profile locations that would make an ideal signature or flagship location for any number of concepts that requires liquor, a patio, and a trendsetting customer base that is already somewhat built-in due to its location and complementary high traffic neighbors. The concept will not be included in this sale, however, the versatile space with excellent rent (perhaps half of the neighbor's) may work with any concept except for Sushi or Japanese. The facility has a bar, large kitchen with a beer walk-in and an oversize walk-in refrigerator, a manager's office, a tap beer and wine system offering 20 beer and 4 wines, and unmatched street and interior visibility. The conditional use permit allows for alcohol sales until 2 am. Asking Price $795,000. This 2,300 square foot restaurant with a 600 square foot patio will lease for $12,000 plus $3,000 in common area maintenance (CAM) expenses per month on a lease until July 2017 with two 5 year options. All of the business's furniture, fixtures, equipment, and Type 47 liquor license will be included in the sale, though the name and concept will not be. The venue recently cost $800,000 to build-out and boasts occupancy for 80 inside and 80 on the patio. Competition naturally exists in this highly popular area, however, this venue boasts a unique signature type of location that is somewhat protected with built-in traffic. New owners will implement their concept. Ideally it will be one that can capitalize on the liquor license, patio space, and heavy built-in foot and drive by traffic.


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