Silverlake Bar w/Full Kitchen & Onsite Parking – Sought After Area

Silverlake Bar w/Full Kitchen & Onsite Parking – Sought After Area

Los Angeles, CA (Los Angeles County)


Asking 
$200,000
Gross Revenue 
$976,545
Potential Cash Flow 
$39,227

This Silverlake bar with a full kitchen boasts onsite parking and street visibility, in a highly sought after part of Sunset corridor that spans from Los Feliz to Echo Park. The venue has a bar that seats 15 patrons and an overall occupancy for 49 persons. The kitchen has a grill, griddle, oven with a stove, convection oven, two bucket deep fryer, salad prep and other preparation tables, two 3 door freezers and a walk-in cooler.

Inventory 
$2,000 at cost at close

Accounts Receivable Included in Asking
No

Facilities

This 1,515 square foot venue leases for $6,842 per month plus approximately $1,200 per month in common area maintenance (CAM) expenses on a lease until June 30, 2027 with options to be negotiated in the sale. The business’s furniture, fixtures, equipment and goodwill will be included in the sale, as well as its Type 47 Liquor License. Approximately $2,000 in inventory will be sold at cost at close in addition to purchase price.


Competition

This bar has become a local hangout that has gained a great deal of neighborhood popularity. As its not a large and assuming venue, it does offer a certain ambiance that comes across as slightly ‘more authentic’ than competitive offerings. Its opening hours coupled with daily happy hours help to make it a ‘go to’ venue throughout the day and night.


Growth & Expansion

Thought this venue feels more like a cocktail bar, the kitchen does provide management several options in terms of directions to take the concept in.


Support & Training

2 Weeks at 20 hrs/wk


Reason for Selling

Personal


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