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Orange County, California
Asking Price
$195,000
Revenue
$2,155,000
Down
Cash Only
Cash Flow
Call/Email
Name: Joe Sales
Phone: Show phone number
Name
Joe Sales
Phone
Show phone number
Posting ID:
290873
Attributes:
Absentee Run
Broker Cooperation
License (Liquor, etc.)
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Extremely profitable and easy operation -- continue this profitable business or bring your own concept because the location is prime with thousands of foot and car traffic. Profitable and established this prime westwood restaurant with beer & wine boasts a highly visible, high foot and car traffic location. The sale includes the beer & wine license, the name of the restaurant, the website, goodwill, phone & fax numbers, all F,F &E including the POS system, 41 license, etc. The landlord will add options for a qualified tenant. The restaurant was entirely remodeled in 2013 at a build out cost over $300,000, thus the equipment is fairly new, new plumbing throughout, etc. The kitchen features a separate dish-washing area, approx. 15 ft long hood type I, two ovens by imperial, 8 burners, a pasta cooker with 6 baskets, a double fryer, a salamander, a team table with 9 compartments + 2 soups, 1 walk-in refrigerator, 1 double door stand-alone freezer, and so much more. On the bar there is an espresso machine, beer tap dispenser with 8 spigots for beer on tap ... Casual, friendly dining appealing to the Westwood crowd offers both vegetarians and non vegs with plenty of mouth watering choices. Walking distance to ucla, ucla dorms, ucla hospital, Wilshire Blvd with its thousands of employees, high end condos, close to Beverly Hills and Bel Air. Tremendous foot and car traffic. Net per year about $165,000 or about $14,000 per month. Easy operation. Low rent: $5,100 per month + NNN Lease: extremely good lease (given the location), till september 2018 + 2 five years option but landlord is willing to add options for a qualified tenant. About 1,500 sq.ft - very functional - occupancy: about 45 seats - 6 assigned parking spaces + street parking + large free public parking across the street This is a prime L.A location. This is a very profitable business. The seller has been in this location for about 5 years but must sale because of relocation. Great books - all financials available Each of the 3 Owners works part-time.
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