Plan Check Kitchen + Bar w/ 47 License

Los Angeles, CA (Los Angeles County)

Plan Check DTLA
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Asking Price: $450,000

Established: 2013

Plan Check Kitchen + Bar w/ 47 License

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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

Los Angeles, CA
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
All Reasonable Offers Considered
Support & Training:
Reason for Selling:
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Business Location

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(from currently available funds)
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Linnard Lane

Asset Sale Listed By:
Linnard Lane

Empire Realty Group, LLC

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