A casually elegant setting for farmers market influenced contemporary American comfort food offers everything that people are looking for in a neighbor hood restaurant. This restaurant with a full ABC license, was established in 2005. Located near major film and television studios, with abundant street and lot parking as well as valet service for customer's convenience, this restaurant has always been in positive cash flow. Beverages offered include high profit margin craft beers, cocktails, rum, tequila and imported vodkas. With over 4,000+ spacious square feet, including the pleasant ambiance of an Atrium and courtyard for open air dining, and a full bar with high-def television screens, this restaurant has enjoyed revenue from private parties and corporate gatherings. Thousands of positive Yelp reviews attest to its popularity. Great lease terms with a friendly landlord.

General Info

  • OrganizationCorporation
  • Established2005
  • Current Owner2005
  • Employees25 PT / 25 FT
  • Reason For SaleOther Interests

Facilities

  • Seating120 inside, 100 patios
  • Square Feet4000
  • ParkingPublic lot/street /valet
  • LicensesABC licene, health permit
  • Open HoursMon - Fri 11 a.m. - 10 pm, Sat/Sun 10 a.m. - 11 pm.

Lease

  • Rent$26,000
  • Expiration2023
  • Yearly IncreaseContact For Info
  • Option5 year option
  • DepositContact For Info

Financials

  • Monthly Revenue$354,200
  • Monthly Cash Flow$43,000
  • Annual Revenue$4,251,000
  • Annual Cash Flow$516,000
  • Payroll$$95,000

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