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

French Concept With Patio, Beer & Wine - Semi Absentee

Location  California,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $2000000
Net Profit / Cash Flow  $371534
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2009
Number of Employees  4 - 5
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

Description  
This restaurant boasts a unique French bistro concept located in the epicenter of one of Greater Los Angeles's most popular dining and entertainment districts. This Parisian style bistro is extraordinarily authentic, and has the patio and type of street location to provide the ambiance to complete the bistro's loyal patron's dining experience. The venue boasts beer and wine, as well as several complementary neighbors that ensure heavy foot traffic. Asking Price $995,000. This nearly 1,300 square foot restaurant with 350 square foot patio leases for $6,875 plus roughly $450 in common area maintenance (CAM) expenses per month on a 5 year lease with options to be negotiated. All of the business's furniture, fixtures, equipment, name, concept, recipes and Type 41 Beer & Wine License will be included in the sale. Competition naturally exists in this highly popular area. This venue, however, boasts a distinct bistro concept and has carved out a unique market niche providing it a long term sustainable competitive advantage. Since this business continues to dramatically grow every year, new management will mostly likely seek to maintain the business 'as is' and allow it to continue to organically grow and reach its full potential. Of course, since the name has become very well-known and the reputation is stellar, new operators may wish to expand into different geographic markets.


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