Quaint Beverly Hills Restaurant in Ideal Location

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

Financials

Asking Price: $299,000
Cash flow: Not Disclosed
Revenue: Not Disclosed
Gross Income: Not Disclosed
Inventory: Not Disclosed
FF&E Not Disclosed
Real Estate: Not Disclosed

Business Details

This 1,500 square foot restaurant is in an ideal Beverly Hills location. It has a 50 person occupancy, as well as room for up to 12 on the patio. The sale comes with a type 41 beer and wine license, as well as all kitchen equipment, furniture, and fixtures (with a few personal exceptions). While the owner unofficially holds that he does approximately $60,000 per month gross, approx. $10,000 per month net, this business is not being sold based in its financials, and such details will not be disclosed in the sale. Due to seller confidentiality requirements, prospective buyers will have to meet the seller's criteria prior to learning of the location, and few co-brokerage options will be made available to active business brokers.

Facilities:
This 1,500 square foot space is in an unbelievable location in the epicenter of Beverly Hills. The space will lease for $6.50 per square foot, or approximately $9,750 per month, on a new 10 year lease. The quaint restaurant is walking distance to Rodeo Drive, however, it also has plenty of parking available in nearby structures. The facility has 2 bathrooms, a managers office, and a dry storage area.

Financing:
Not Offered

Support:
As neither the menu, nor the recipes will transfer in the sale, minimum training will be required. The owner will instruct buyers on the operations of kitchen equipment, and the leased POS system.

Competition:
As there are so few equivalent opportunities or locations for sale in Beverly Hills, this restaurant holds a competitive advantage due to its location and strong client base.

Growth:
New owners may capitalize on this ideal location and its beer and wine license via the introduction of a number of high-end concepts.

General Information

Reason Selling: Personal

Number of Employees:
Year Established: 2002