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Listing View: Silver Lake Restaurant w/ Beer & Wine, Main Street Exposure & Parking - Los Angeles, California


Silver Lake Restaurant W/ Beer & Wine, Main Street Exposure & Parking
Los Angeles, California

Offered at:
$115,000

Office Listing #   SilverLos2
Revenue: $174,000 / year
Cash Flow: $28,900 / year
Lease Rent: $4,425 / month
Square Feet: 1200

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 Listing Description

This Silver Lake restaurant with beer and wine is located in the heart of the community’s evolving entertainment and dining district. This opportunity is in a prime location on a major thoroughfare, includes parking and excellent visibility, and is surrounded by Silver Lake’s newest hotspots. Silver Lake and Echo Park operators continue to produce successful restaurant concepts which naturally create a built-in customer base seeking out high quality, offbeat establishments. This restaurant provides a new owner an excellent opportunity to enter the Silver Lake market at a bargain price. The current beer and wine license permits for sales up to 10 pm nightly. This 1,200 square foot facility leases for $4,425 per month and expires in December 2012 with an option to renew for an additional five years. The sale includes all the assets of the business including the furniture, fixtures, kitchen equipment, beer and wine license and goodwill. Competition is medium as other restaurants exist in the area, however Silver Lake is consistently one of the city’s fastest growing communities with a strong demand for new restaurant and eating facilities. The business has a lot of potential and room to grow. This location’s exposure will provide an owner with a built in traffic base via Sunset Blvd. Concepts in demand include pizza, Italian, Indian, Mediterranean, Sushi or Japanese, sausages houses, burgers, breakfast and diners, among many others.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   1990
Current Owner:   2002
# of Employees:   2
Seating:   32
Square Foot/Size:   1200
License(s) Required:   Contact For Info
Reason For Sale:   Personal
     
Financial Information
Revenue:   $174,000 / year
Cash Flow:   $28,900 / year
Payroll:   Contact For Info
FF&E:   $10000
     
Lease Information
Lease Rent:   $4,425 / month
Lease Expiration:   12/31/2012
Lease Option:   5 Yr Opt
Listed by:   R Clark
 The Veld Group
Email: Email Seller
Phone:  (310) 652-8353
Website:  www.theveldgroup.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
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Disclaimer
The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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