Classy Restaurant With Full Bar
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1020000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 35 - 49
Relocatable Not Disclosed
Number of Employees 35 - 49
Real Estate Leased
Training 2 weeks / 20 hours.
Reason for Sale Personal.
Description This elegant restaurant located in an ideal Burbank Shopping and Business location may be the classiest restaurant to enter the Burbank dining scene in years. The current owner has invested $1.7 million into this brand new venture ensuring that it a first class operation. This venue offers clients exquisite food with an unbeatable wine section. The restaurant and lounge has seating capacity for 270 persons inside, with room for up to 60 persons on the patio. At present, the establishment employs 45 part time employees who are well training in providing impeccable food service to this operation's distinguished client base. The Seller will consider all reasonable offers.
The 5,000 square sq. ft. facility (plus 1,200 sq. ft. patio) leases for $15,750/mo, plus $4,000 in monthly CAM expenses on a new 20 year lease. The facility comes with an elegant Manhattan style bar and lounge with live entertainment, 3 separate dining areas (allowing for large private parties and/or banquets), a kitchen that any chef will love, and a new state of the art 5 terminal POS system. All of the kitchen equipment, furniture, fixtures, Point of Sale system, liquor license, goodwill / intangible assets, etc. will be included in the sale.
Downtown Burbank is a hub for business meetings, after work happy hours, and evening fine dining. This restaurant has a convenient location to attract all such customers, as well as shoppers and nearby residents.
As this business is less than 6 months old, new owners may capitalize on the current owner's tremendous investment and allow his concept to continue on its current natural growth trajectory, or they may seek to shift the business to any concept they seek (though another high-end concept will likely make the most sense). The bar and lounge, large kitchen, patio and overall layout are versatile enough to be a gourmet restaurant of any variety, or an ultra-chic lounge with dining.
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