Westwood Restaurant Bar With Full Liquor & Patios For Sale

Business description

This well established Westwood restaurant and bar with full liquor and two patios is ideally located on popular Westwood Boulevard (South of Wilshire – not in Westwood Village and not directly adjacent to the U.C.L.A. campus). This restaurant boasts two patios, a service bar providing for alcohol along with food service, a spacious kitchen, separated dining areas, a manager’s office, separate employee rest room, and a parking lot with additional spaces on lease. This restaurant has been a neighborhood favorite for decades, and can continue to thrive under its current concept, or under a modified concept.

Property information

Real Estate:

Lease

Location:

The 2,640 square foot facility leases for $7,000 per month on a lease until 2013, with options to be negotiated during the sale. The sale includes all of the business assets (except for a few minor items), including a fully built out bar and seating for over 90 patrons (over 70 indoor). The liquor license is included and will transfer in the sale.

Size in square feet:

2,640

Other information

Expansion potential:

A new owner may seek to capitalize on the business’s full liquor license and patios by promoting a more extensive drink menu and cocktail-oriented food offerings. They may also seek to convert a portion of the facility to a private dining room for large families or special events.

Competition / Market:

The corridor of Westwood Boulevard, between Wilshire and Pico, is a highly popular area for formidable bar and restaurant venues. As such, competition naturally exists. This business has a natural competitive advantage due to its decades of goodwill, parking availability, full-liquor license, and its ease of access to the U.C.L.A. Campus, the 405 Freeway, and several additional major throughways.

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Retirement

Financing available:

Not Offered