Established Profitable Coastal Restaurant/Bar With ABC One of Los Angeles' most popular restaurants, located just minutes from some of California's most popular beaches, including Santa Monica. Possessing a type 47 ABC license, this landmark bar/restaurant, established in 2008, has a loyal local following. With the highest quality brunch, lunch and dinner reasonably-priced menus, as well as sponsoring special events including wine tastings and more, this business has a proven track record of generating revenue and profitability. Equipment includes 16' hood, pizza oven, fryer, charbroiler, walk-in cooler, and much more.

General Info

  • OrganizationCorporation
  • Established2004
  • Current Owner2008
  • Employees12 FT 23 PT
  • Reason For SaleOther Interests

Facilities

  • Seating60 restaurant, 20 bar area
  • Square Feet2800 + patio
  • ParkingPublic Lot
  • LicensesHealth Permit, ABC Type 47
  • Open Hours11:30 a.m. - 9 p.m. Mon - Fri; 10 a.m. - 10 p.m. Sat/Sun

Lease

  • Rent$14,000
  • Expiration6/2020
  • Yearly IncreaseContact For Info
  • OptionTBD
  • DepositContact For Info

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash FlowContact For Info
  • Annual Revenue$2,000,000
  • Annual Cash FlowContact For Info
  • Payroll$$40,500

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