Los Angeles-Prime Location Profitable Italian Casual w/ B&W $180,000 Discretionary Income with Upside

Westwood, CA Restaurant for sale: This is a great opportunity for an owner operator to own this well established & profitable business. Owner will train.

Los Angeles-Prime Location Profitable Italian Casual w/ B&W $180,000 Discretionary Income with Upside


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.



Location

Country:

USA

State or Province:

CA

City:

Westwood

Location Zip or Postal Code:

90024

Listing Information

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

Links

Link to Facebook Page:

https://www.facebook.com/housesforsaleinlosangeles/

Website:

ProfitableRestaurantwBeernWine.IsForSale.com

Financial Details

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

Contact Listing Owner