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Listing View: Westwood Village / UCLA Rest w/Beer & Wine - Westwood, California


Westwood Village / Ucla Rest W/beer & Wine
Westwood, California

Offered at:
$195,000

Office Listing #   UCLAcater
Revenue: $300,274 / year
Cash Flow: $80,308 / year
Lease Rent: $5,172 / month
Square Feet: 1500

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 Listing Description

This absentee owned Westwood Village / UCLA area restaurant with a beer and wine license and favorable rent, is located in a coveted location that is ideal to cater to students and faculty, as well as to Westwood, West Los Angeles and Brentwood businesses and residents. The location benefits from fantastic street exposure and freeway access, heavy foot traffic, proximity to the campus and student housing, and plenty of nearby public parking lots. This prominently located 1,500 square foot facility with parking leases for $5,172 per month plus an additional $750 in property related expenses on a secure lease, with a new lease and options to be negotiated in the sale. The sale includes all of the business’s assets including its Type 41 Beer & Wine license, seating for nearly 50 patrons, a POS system, surveillance system with 4 cameras and offsite viewing capability, and a complete kitchen with an oven, stove, grill, deep fryer, salad prep table, two door fridge, walk-in cooler, and three bucket sink. This restaurant does face competition on various levels in the immediate area, as Westwood Village is a highly competitive market. The venue, however, is the closest to campus and student housing when compared to others with a similar concept. As the current owner is entirely absentee this venue would save tremendously from an on site working owner that invests heavily into marketing and advertising, while simultaneously likely enhancing its customer service offering. New owners will also be able to capitalize on a new nearby student housing building that should accommodate 600 to 700 students / customer within the next few months, while also tackling still relatively untapped markets.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   2003
Current Owner:   2003
# of Employees:   6
Seating:   45
Square Foot/Size:   1500
License(s) Required:   Contact For Info
Reason For Sale:   Personal
     
Financial Information
Revenue:   $300,274 / year
Cash Flow:   $80,308 / year
Payroll:   Contact For Info
Lease Information
Lease Rent:   $5,172 / month
Lease Expiration:   12/2012
Lease Option:   To be negotiated
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
      Confidential Statement: Download


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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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