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West Hollywood Restaurant w/ Beer, Wine, & Parking in a High Traffic Location! - West Hollywood, California
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West Hollywood Restaurant W/ Beer, Wine, & Parking In A High Traffic Location!
West Hollywood, California
Offered at:
$95,000
| Office Listing # | CleanTie |
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Revenue: |
$468,000 / year
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Cash Flow: |
$20,000 / year
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Lease Rent: |
6,000 + 2,035 (CAM)
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Square Feet: |
1600 |
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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.
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| Organization: |
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Sole Proprietorship
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| Year
Established: |
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Contact For Info
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| Current
Owner: |
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2009
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| # of
Employees: |
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5
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| Seating: |
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65
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| Square
Foot/Size: |
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1600
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| Parking: |
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Parking Lot & Street Parking
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| License(s) Required: |
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41 (Included in Sale)
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| Reason
For Sale: |
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Personal
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| Revenue: |
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$468,000 / year
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| Cash Flow: |
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$20,000 / year
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| Payroll: |
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Contact For Info
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| Lease Rent: |
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6,000 + 2,035 (CAM)
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| Lease Expiration: |
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2019
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| Lease Option: |
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One five year option
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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.
Read
the
full disclaimer before responding
to any ad.
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