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Listing View: West Hollywood Restaurant w/ Beer, Wine, & Parking in a High Traffic Location! - West Hollywood, California


West Hollywood Restaurant W/ Beer, Wine, & Parking In A High Traffic Location!
West Hollywood, California

Offered at:
$95,000

Office Listing #   CleanTie
Revenue: $468,000 / year
Cash Flow: $20,000 / year
Lease Rent: 6,000 + 2,035 (CAM)
Square Feet: 1600

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 Listing Description

This West Hollywood restaurant is located in a highly visible, high traffic location with an onsite parking lot and complementary neighbors. The sale comes complete with a beer and wine license, a large, clean kitchen, and seating for approximately 65 patrons. As the business is currently absentee run and not marketed, tremendous potential exists for a working owner to carry on the current health conscience concept, or to build upon the existing loyal customer base to launch a new concept. This prominently located 1,600 square foot facility with parking leases for $6,000 per month plus an additional $2,035 in common area maintenance expenses. The lease is good until 2019 and has a one 5 year option. The sales includes all of the business’s assets including a kitchen with a stove, grill, deep fryer, salad prep tables, ice machine and an automatic dishwasher, a two door and a three door fridge, a 3 bucket sink and a beer and wine license allowing sales until 10 pm during the week and 11 pm on weekends. This restaurant does face immediate competition on various levels in the immediate area. As such, new owners may seek to modify the concept slightly to provide a greater point of differentiation As the current owner is entirely absentee this venue would save tremendously from an on site working owner that could allow it to reduce its annual $144,000 payroll costs, while enhancing its customer service offering. New owners will likely seek to slightly modify the concept to one that does not face as much direct competition, while still capitalizing on the current loyal customer base.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   Contact For Info
Current Owner:   2009
# of Employees:   5
Seating:   65
Square Foot/Size:   1600
Parking:   Parking Lot & Street Parking
License(s) Required:   41 (Included in Sale)
Reason For Sale:   Personal
     
Financial Information
Revenue:   $468,000 / year
Cash Flow:   $20,000 / year
Payroll:   Contact For Info
Lease Information
Lease Rent:   6,000 + 2,035 (CAM)
Lease Expiration:   2019
Lease Option:   One five year option
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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