Innovative Fast Casual Venice Restaurant w/Beer & Wine – Great Street Visibility

Innovative Fast Casual Venice Restaurant w/Beer & Wine – Great Street Visibility

Venice, CA (Los Angeles County)


Asking 
$95,000
Gross Revenue 
$633,328
Potential Cash Flow 
$137,827

Venice, CA (Los Angeles County)

Inventory 
$5,000 at cost at close

Accounts Receivable Included in Asking
No

Facilities

This 1,085 square foot venue leases for $5,610 per month including common area maintenance expense (CAM) on a lease until June 2023. The venue is successful an its name, menu and concept may be included in the sale under a separate agreement, or more likely, the business’s brand specific furniture, fixtures and equipment will not be included in the sale.


Competition

This popular area of Venice hosts a variety of concepts. Together with its proximity to Abbot Kinney and the Marina and Main Street Santa Monica’s beachside areas, there is no shortage of competition, however, this premise offers an operator tremendous value when lease rates between these areas are compared. The location’s onsite parking lot, street front visibility, sidewalk seating and freeway access provide it a distinct advantage on several fronts over several competing venues.


Growth & Expansion

New operators may wish to maintain the existing successful concept under a separate agreement, or they may choose to implement any number of concepts in this versatile location. The venue’s flexible format is comparatively innovative, as is its brand.


Support & Training

2 Weeks at 20 hrs/wk


Reason for Selling

Personal


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