This turn key charming restaurant, with stellar reviews, is located on one of Santa Monica's most coveted streets. It's décor and furnishings are warm, inviting and upscale. The menu features Italian classics such lasagna bolognese, seafood risotto, chicken parmigiana and grass fed chops along with beer and wine. The kitchen is well equipped with: 8ft hood, double door freezer, double door fridge, 5ft refrigerated prep station, 4 ft refrigerated prep station, undercounter freezer, 2-6 burner stoves with ovens, hobart mixer, slicer, salamander, espresso machine, dish machine, sandwich prep station, and wine racks. POS, security and stereo system are also included. Convenient parking in back and street. ABC type 41 Beer and Wine license.

General Info

  • OrganizationLLC
  • Established1996
  • Current Owner2016
  • Employees9
  • Reason For SaleOther Interests

Facilities

  • Seating40 inside 6 outside
  • Square Feet920
  • ParkingBehind restaurant and street
  • LicensesABC, Health Dept. City Business License
  • Open HoursTuesday-Sunday 5pm-10:30pm

Lease

  • Rent$8,200 Gross
  • Expiration2020
  • Yearly Increase2%
  • Option5 year option
  • Deposityes

Financials

  • Monthly Revenue$58,333
  • Monthly Cash Flow$6,250
  • Annual Revenue$700,000
  • Annual Cash Flow$75,000
  • 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