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

Los Angeles, CA (Los Angeles County)

Seller Financing Available
Mid-Wilshire Bar & Restaurant w/Patio & Parking – Great Visibility!
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Asking Price: $275,000

Cash Flow: $100

Gross Revenue: $660,000

EBITDA: $100

FF&E: $10,000

Inventory: $10,000*

Rent: $14,000 per Month

Established: 2006

*not included in asking price.

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

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Business Description

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.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,730
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
Financing:
Seller may consider a small secured carry
Support & Training:
Seller will train for 2 weeks at 20 hours per week or as negotiated.
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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