Once a railroad-driven swath of warehouses, East Downtown L.A. District adorns its century-plus-old buildings with vibrant murals, sidewalk seating and a surprising amount of greenery for a formerly industrial area. A little less arts and a little more luxe these past few years, the neighborhood now beckons a booming craft brewery & restaurant scene. Oozing with character, this great looking Restaurant and Bar established in 2014 has a coveted ABC Type 47 hard liquor license, (Current value $140,000). A Brick building in and out with a high wooden ceiling making this suitable for many different concepts. Currently serving Lunch and Dinner, the menu consists of salads, sandwiches, pies, pizzas and an array of interesting items to suit all palates. 2,500 sq ft with a large bar and separate dining room with 2 patios, 1 up front the other to the side. In total around 150 seats plus 12 barstools. Asking price $299,000 to include all equipment, ABC Type 47 license, 10 years of Goodwill and fully staffed. All clean records and books are available to review and full training by the owner is a given. To receive more information and discuss this opportunity with the broker 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 & 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.

General Info

  • OrganizationInc
  • Established1980
  • Current Owner2014
  • Employees20
  • Reason For SaleOther Interests

Facilities

  • Seating120
  • Square Feet2,500
  • ParkingStreet
  • LicensesABC Type 47 transfer, Business & Health Permit
  • Open Hours11.00am-10.00pm Sunday-Thursday 11.00am-12.00am Friday & Saturday

Lease

  • Rent$7,269
  • Expiration2028
  • Yearly IncreaseContact For Info
  • Option5 yr Lease Option
  • Deposit$7,269

Financials

  • Monthly Revenue$120,000
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact for Info
  • Annual Cash FlowContact For Info
  • PayrollContact For Info

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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