Mid-Wilshire Area Bar & Restaurant w/Patio & Parking – Great Visibility!

Mid-Wilshire Area Bar & Restaurant w/Patio & Parking – Great Visibility!

Los Angeles, CA


Asking 
$275,000
Gross Revenue 
$660,000

This semi-absentee operated Mid-Wilshire Area bar and restaurant with liquor, patio, parking boasts fantastic street visibility and plentiful seating. The kitchen is outfitted with a walk-in cooler and freezer, an oven and stove, deep fryer and grill, a dishwasher and three bucket sink and specialty cooking equipment visible to patrons.

Inventory 
10000

Accounts Receivable Included in Asking
No

Facilities

This 4,730 square foot venue (including patio) will lease for approximately $14,000 per month on a new, secure 5 year-term lease with one 5 year option. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. An estimated $10,000 in inventory will be sold at cost at close.


Competition

This opportunity is unique not only due to its location’s main street visibility and excellent street access, but also because of its onsite parking lot that provide it an unmatched competitive advantage in an area with several entertainment venues.


Growth & Expansion

Due to the variety of options available, new operators may wish to take this concept in any number of directions including a sports bar with food, fast casual, quick service or even a chef driven fine dining concept, etc. The business is currently semi-absentee operated but could tremendously benefit from an onsite working owner operator.


Support & Training

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


Reason for Selling

Personal


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