Burbanks Classiest Restaurant w/Full Bar, Patio & Dream Kitchen

Location: California, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $1,200,000
Cash flow: Not Disclosed
Revenue: Not Disclosed
Gross Income: $1,020,000
Inventory: Not Disclosed
FF&E $600,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

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. This listing will not be offered for co-broker until June, 2007.

Facilities:
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 equipment, furniture, fixtures, Point of Sale system, liquor license, goodwill / intangible assets, etc. will be included in the sale.

Financing:
Owner may consider a small carry

Support:
Owner will train for 2 weeks at 25 hours per week, or as negotiated based on offer.

Competition:
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.

Growth:
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.

General Information

Reason Selling: Personal

Number of Employees: 45
Year Established: 2006