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

Established Restaurant With Beer & Wine

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $480000
Net Profit / Cash Flow  $70000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1993
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

This established Studio City restaurant with beer, wine and sidewalk patio seating is ideally located on Ventura Boulevard in central Studio City. The business boasts excellent street front visibility and a versatile layout that is ideal for its current concept, or any that a new operator may wish to launch from this proven location. The venue has a beer and wine bar, a manager's office, and a spacious chef friendly kitchen. Asking Price $179,000. All of the business's furniture, fixtures, equipment and Type 41 Beer and Wine License will be included in the sale. Inventory, estimated at $5,000, will be sold at cost at close in addition to purchase price. Competition is relatively high in this area of Studio City as it's highly sought after by restaurateurs. This venue's established name, reputation, licensing, sidewalk patio and versatile layout provide it a natural advantage over most competitors. New owners will likely seek to expand the daytime hours to include breakfast service, or at a minimum, lunchtime brunch on the weekends. They may also wish to further capitalize on the beer and wine bar and sidewalk patio space. As the menu and concept have remained the same for some time, a refreshed menu or concept may be advertised to the 3,000 person mailing list to attract former customers, while marketing and advertising may be utilized to introduce the long-time favorite to new clients.

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