Established business with a very cool concept in prime Westwood, with beer & wine in a highly visible, high foot and car traffic location. The business sale includes the Beer & Wine license, the Name of the Restaurant, the Website, all the social media accounts associated with this business, Goodwill, Phone & Fax numbers, all F,F, & E, leasehold improvements, all applicable permits, current lease (or new lease), et.al. . This restaurant was entirely remodeled in 2013 at a build out cost over $300,000, thus the equipment is fairly new & in excellent condition. Casual, friendly dining appealing to the Westwood crowd with plenty of mouth watering choices. The location lends itself to deliveries as far North as Bel Air, the UCLA Hospital & Campus, the students dorms, Westwood, West Los Angeles and Brentwood - Excellent lease: till august 2018 + 2 five years options. The landlord would consider drafting a new lease for a qualified tenant. Excellent opportunity for owner operator or family business. Turnkey!!! Net Profits 2017 approximately $180,000 including owners salaries.
Country: | USA |
State or Province: | CA |
City: | Westwood |
Location Zip or Postal Code: | 90024 |
Service Type: | Sit-Down Table Service |
Title of Listing: | Los Angeles-Prime Location Profitable Italian Casual w/ B&W $180,000 Discretionary Income with Upside |
Year Established: | 2013 |
Number of Locations: | 1 |
Number of Seats: | Less than 50 |
Size: | 1,500, Square Feet |
Patio: | No |
Number of Employees: | Less than 10 |
Hours of Operation: | Tuesday 11AM–9:30PM Wednesday 11AM–9:30PM Thursday 11AM–9:30PM Friday 11AM–9:30PM Saturday 11AM–9:30PM Sunday 5–9:30PM Monday Closed |
Growth or Expansion Opportunities: | Yes. |
Reason for Selling: | Relocation |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Training Provided: | Yes |
Link to Facebook Page: | https://www.facebook.com/housesforsaleinlosangeles/ |
Website: | ProfitableRestaurantwBeernWine.IsForSale.com |
Asking Price: | $325,000 |
Gross Revenue: | $886,000 |
Gross Revenue Range: | $500,000-$1,000,000 |
EBITDA (Earnings before Income, Taxes and Depreciation): | $360,000 |
EBITDA Range: | Over $300,000 |
SDE (Sellers Discretionary Earnings): | $175,000 |
SDE Range: | $100,000-$300,000 |
FF&E Value (Furniture Fixtures and Equipment): | $100,000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Estimated Value: | $2,000 |
Inventory Value included in price?: | Yes |
Real Estate Owned or Leased: | Leased |
Lease Term Remaining: | 1 year + One 5 years Option . Landlord will add for qualified tenant |
Total Monthly Rent: | $5,750.00 |