2 Location Restaurant Chain w/Proven Concept – w/Property Offered!

Woodland Hills, CA

Asking
$3,000,000
Gross Revenue
$5,939,510
Potential Cash Flow
$753,078

This customer embraced 2-location bar and restaurant chain boasts a proven, scalable concept that has provided remarkable returns not only for years but for the past 3 decades! The locations regularly generate $6 ml - $7 ml in combined top line revenues, 80% of which are food-driven. Each 4,500 plus square foot location has a distinct bar component with a Type 47 Liquor License, a separate take-out and delivery entryway that proved popular during COVID, excellent street visibility, convenient freeway access and plenty of onsite parking.

Inventory
40000

Accounts Receivable Included in Asking
No

Facilities

All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. An estimated $40k in inventory will be sold at cost at close. The two locations lease at $12,650 per month on a lease with 5 years remaining and one 5 year option, while the second location is owned and available for sale, however the owner pays itself $29,000 per month. The 5,400 square foot facility on 1.2 acres may be purchased in addition to the business for $5.5 ml., however the real estate will not be sold separately.

Competition

While competition exists, this 30 plus year old concept has a long-established loyal following that frequents each location for its specialty food, drinks, comforting atmosphere and sporting and other events. Also, due to the need for specialty cooking equipment, stellar locations with convenient access, and a formidable established loyal client following, this the concept cannot be easily replicated. What more, industry entrants would find the combined operation’s volume efficiencies that translate into attractive price points difficult to compete with.

Growth & Expansion

New operators will likely embrace the concepts historic success, while using the well-established platform to maximize restaurant and bar profitability. They may also make these locations the basis for a new franchise chain or licensee operation.

Support & Training

Seller will train for 2 weeks at 20 hours per week or as negotiated

Reason for Selling

Retirement

Real Estate

Available for $5.5 ml. Will not sell the property without the business.

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