Founded in 1983, this consistently profitable, classy popular Westside nightclub/bar/restaurant has remained a popular destination for Angelenos. With 5,700 square feet, this establishment is the oldest Mediterranean family restaurant with live entertainment in Southern California. Located on one of L.A.'s busiest boulevards, it combines its rich history into modern Lebanese/Mediterranean dishes including kabobs, skewers, salads and appetizers. Private events help drive revenue, whether its corporate gatherings, birthday parties or anniversaries. A wide variety of hookah that few other locations can match as well as a full line of cocktails and wine offerings. What really makes this place a destination is its live entertainment - live music, salsa dancing, belly dancing and more. Parking is no hassle with free valet parking and a large underground lot. Equipment includes 24' hood, walk-in cooler, ice maker, broilers, 6 x 10' walk-in freezer, 3-door ceramic oven, 4 handheld POS systems, professional sound system, hookah pipes and much more.

General Info

  • OrganizationLLC
  • Established1983
  • Current Owner2007
  • Employees4 FT; 6 PT
  • Reason For SaleOther Interests

Facilities

  • Seating200
  • Square Feet5,700
  • ParkingParking lot
  • LicensesABC, Health permit
  • Open HoursSun-Wed 8 p.m. - 1 a.m..: Thur-Sat 8 p.m.-2 a.m.

Lease

  • Rent$9,800
  • Expiration2024
  • Yearly Increase3%
  • Option5 year option
  • DepositContact For Info

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash FlowContact For Info
  • Annual Revenue$1,614,000
  • Annual Cash Flow$278,400
  • Payroll$32,000

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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.

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