Beautiful corner location in Westwood, Los Angeles, close by Beverly Hills with huge curb appeal and historical brick charm. Built in the 1930's and oozing with character, while surrounded by modern office buildings in this upscale neighborhood with many boutique shops close by. The inside layout is designed with dining areas at every turn which allow for large parties separated from the main dining area. The main rotund dining room has seating for 50, the dining area 60 with the bars seating at 40 and a private Banquet / Event room for a further 60 guests. 2 modern kitchens service this restaurant with its own Bakery for the breads, pastries and desserts. A spacious full line kitchen with 30ft type 1 hood, double convection ovens, 4 stoves with ovens and 24 burners, broiler and flattop and 30ft of worktops and service counter. In addition, there is an 800 sq ft unused roadside space with its own entrance which could so easily be transformed into a morning café with seating for 30.
2019 Revenues of $3.4 million were enjoyed, post pandemic 2022, $2 million with a lease to 2030 and a cooperative Landlord willing to extend that term further. There is so much potential for success, post pandemic and the perfect time to purchase this iconic Bar and Restaurant. Owner may consider a Seller carry for part of the purchase to experienced Buyers with excellent credit and solid financials.
To receive more information and discuss this opportunity with the broker along with the broker's connections for a long-term SBA loan solution, please complete the 'Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease and comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
- OrganizationContact for Info
- Current Owner2010
- Reason For SaleRetirement
- Square Feet9,500
- ParkingParking Structure Opposite and Street
- LicensesABC Type 47, Business & Health permit
- Open Hours12.00pm - 9.00pm Daily - Closed Monday
- Yearly IncreaseContact for Info
- Option5 year lease option
- Monthly Revenue$161,660
- Monthly Cash Flow$23,000
- Annual Revenue$1,940,000
- Annual Cash Flow$275,000
- 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.