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Businesses For Sale   >>   Absentee Businesses For Sale   

Restaurant W / Beer & Wine Business For Sale

Location  California,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $2000000
Net Profit / Cash Flow  $370000
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  Two (2) weeks at twenty (20) hours/week.
Reason for Sale  Personal

Description  
This highly profitable, turn-key West Los Angeles Area restaurant is nearly absentee and owned and has such stellar books and records it may actually be a loan candidate (at least for an established restaurateur). The established and ever growing business boasts a beer and wine license as well as a patio. The highly desirable location benefits from an active nightlife scene in adjacent venues as well as complementary neighbors who provide a good deal of foot traffic. Asking Price $1,000,000. This nearly 1,300 square foot facility plus patio will lease for just under $7,500 per month including common area maintenance (CAM) expenses on new 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, has carved out a unique market niche providing it a long term sustainable competitive advantage in a desirable West Los Angeles location. This business has been highly successful with its current concept, which new owners may seek to maintain and grow with additional marketing, specials, events or even enhanced menu offerings.


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