Plan Check Kitchen + Bar w/ 47 License

Los Angeles, CA (Los Angeles County)

Plan Check DTLA
Contact Seller

Asking Price: $450,000

Established: 2013

Plan Check Kitchen + Bar w/ 47 License

Save Print Share Valuation Report

Asset Sale Description

Back On Market ! Won't Last Long

Plan Check Kitchen + Bar is in the City West Neighborhood of DTLA at the traffic signalized intersection of Wilshire Blvd. @ Bixel St., easy access to/from Koreatown, Financial District, Staples Center, LA Live, Disney Hall and the Music Center. This restaurant enjoys 3,814sf of space seating 121 patrons yet currently rents for only $7,081.50/mo GROSS. Lease expires 10/31/24 Plus 3 x 5 year option Periods. Rent schedule is:

10/1/20 – 12/31/20: $7,081.50/mo
1/1/21 – 3/31/21: $7,581.50/mo
4/1/21 – 6/30/21: $8,081.50/mo
7/1/21 – 9/30/21: $8,581.50/mo
10/1/21 – 12/31/21: $9,081.50/mo
1/1/22 - 10/31/24: $9,611.28/mo
Lease Term Expires: 10/31/24
Option Periods: (3) x 5 Years each

Years 11 – 15 $10,764.63/mo
Years 16 – 20 $12,056.39/mo
Years 21 – 25 $13,503.10/mo

Its prominent location enjoys the following attributes:
* 3 Mile Radius: 365,009 Daytime Population, 526,125 Residential Base;
* Dense Population: 3,725+ Residential Units w/in 2 Blocks, Plus 376 new units in construction 1 block East, Plus 1300 Proposed New Units;
* High End Building: Ground Floor street level restaurant with outdoor patio - 210 Apt Units Directly above, 95% Occupied
* Adjacent: Good Samaritan Hospital w/ 2400 staff & 400 Beds.
* High Visibility: Intersection w/ Direct Access to 110 Frwy & DTLA
* Strategic Location: 15 Minute Drive Time Radius For Delivery includes fast access to Hwy’s. 110, 101, 10, 2, 5 and walk to Red Line.
* CUB: Type 47 Beer, Wine, & Spirits License permitting hours of operation 8A.M. to 2 A.M. 7 days/week with 121 seating Occupancy Included. (Buyer to verify).

Attached Documents


Detailed Information

Location:
Los Angeles, CA
Facilities:
RESTAURANT FEATURES: * Fully Equipped Turn Key Restaurant with multiple Type 1 & Type 2 Hoods, Grease Interceptor, & All FF&E (full FF&E List available, too much to list here) * Dedicated Private Outdoor Patio * Rare Private 14 Space Parking Lot - 7 spaces exclusive *ABC Type 47 License Included, CUB: 8A.M. to 2 A.M. 7 days/week
Financing:
All Reasonable Offers Considered
Support & Training:
None
Reason for Selling:
Consolidation
Contact Seller

Business Location


Contact the Seller

(from currently available funds)
 
Contact Seller Loading

By clicking the button, you agree to BizBuySell’s  Terms of Use and Privacy Policy


Linnard Lane

Asset Sale Listed By:
Linnard Lane

Empire Realty Group, LLC

Report an issue with this listing

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1772929

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Wayback Burgers

Franchise Opportunity
Cash Required: $100,000