East of Downtown Los Angeles Restaurant & Bar with Hard Liquor License - Located in Historic Building
RRC# 4631
Location: Central Los Angeles
Description:
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.
Financial Information:
Monthly Revenue: $120,000
Monthly Cash Flow: Contact for Info
Annual Revenue: $1,435,000
Annual Cash Flow: Contact for Info
General Info:
Ownership: Inc
Established: 1980
Current Owner: 2014
Employees: 20
Reason For Sale: Other Interests
Monthly Rent: $7,269
Expiration: 2028 plus 5 yr Lease Option
Facilities:
Square Feet: 2,500
Seating: 120
Parking: Street
Licenses: ABC Type 47 transfer, Business & Health Permit
Days/Hours of Operation: 11.00am-10.00pm Sunday-Thursday 11.00am-12.00am Friday & Saturday
