This is a unique opportunity to run the complete food service operation for a prominent hotel chain, conveniently located blocks from the beach in Santa Monica. The food service operator will be responsible for the hotels entire food and beverage service which consists of a 6800 sq ft. restaurant, the lobby bar, room service & banquets. With a $15 million dollar renovation underway, there is some TI is available for remodeling and improvements. There is also a large street-side patio that can be utilized. Must be able to operate daily from 6:00 am to 10:00 pm or later for bar/room service. Hotel has a full liquor license. The rent is negotiable and includes all utilities. The hotel maintains a consistently high occupancy level year round with over $2,500,000 in food service sales annually. There is room for growth given the hotel re-branding and renovation. Ownership is open to concept and menu plans. The large kitchen is fully equipped and operational. REQUIRES REMODEL for front of the house. UNION REGULATIONS MAY APPLY. OWNER IS IN NEGOTIATIONS.

General Info

  • OrganizationContact For Info
  • EstablishedContact For Info
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleContact For Info

Facilities

  • Seating105+
  • Square Feet6800
  • ParkingLot, valet
  • LicensesContact For Info
  • Open Hoursdaily 6:00 am-11:00pm

Lease

  • Rentnegotiable + percentage rent
  • ExpirationContact For Info
  • Yearly IncreaseContact For Info
  • OptionNegotiable
  • Depositto be determined

Financials

  • Monthly Revenue208,333
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location