Studio City Restaurant /Bar Great Location w/Patio, Parking & Liquor

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

Financials

Asking Price: $750,000
Cash flow: $300,000
Revenue: Not Disclosed
Gross Income: $1,400,000
Inventory: Not Disclosed
FF&E Not Disclosed
Real Estate: Not Disclosed

Business Details

This Ventura Boulevard Restaurant and Bar, with a full-liquor license, 30 person patio and 25 parking spaces is a rare find. The location lends itself to a plethora of concepts, so new owners may seek to continue to grow the existing business (it s had fantastic 20% year over year growth in the past 2 years), introduce a new high end restaurant concept, or capitalize on the liquor license, strong alcohol revenues (42% of total revenues), and large patio to promote more of a bar or lounge atmosphere.

Facilities:
The 3,800 square foot facility (plus patio) leases for $9,150 per month including CAM. The current lease is valid until 2011, with 4% increases build in each year and potential options for renewal. All of the kitchen equipment, furniture, fixtures, Point of Sale system, liquor license, goodwill / intangible assets, etc. will transfer in the sale. The facility has an ideal layout for efficient service, and has an office, wine and liquor storage, and room for a walk-in cooler if so desired.

Financing:
Not Offered

Support:
The owner is offering 2 weeks of training at 20 hours per week. Additional training may be provided as negotiated.

Competition:
This area of Ventura Boulevard is considered the San Fernando Valley s Restaurant Row . As such, there are a number of fine dining venues and high end drinking establishments. This business is a quality established that is as nice as any of them, and more chic than the majority of its competitors.

Growth:
New owners may seek to continue to grow the existing proven concept, potentially add additional promotions, expand the menu, etc. or completely renovate the concept. The facility and location are versatile enough that a buyer may be as successful with a Pub, as with a Japanese Sushi bar or a gourmet Italian restaurant.

General Information

Reason Selling: Personal

Number of Employees: 15
Year Established: 2001