Profitable Restaurant, Restaurant and Brewery, Est 2000, 4,000 Sq. ft., Outdoor Patios, Huge Parking Lot, South Bay - Los Angeles
RRC# 4652
Location: South Los Angeles
Description:
Long established craft brewery and restaurant opened in 2000 by current owners. The business is highly regarded in the community and was named by Los Angeles Business Journal as one of the top family owned businesses in Los Angeles County. Dedicated to owners’ original promise of comfort, quality and service; the free-standing historic building has its own private parking lot for 50 cars in a highly visible location. The business provides a warm, welcoming place for customers featuring a full menu of quality food items and signature hand-crafted ales produced on-site. Premises licensed/permitted for live music. 2022 and 2023 tax returns show 1.7 million in annual revenues producing 8 percent profit. Owners are also the landlords so a long-term lease can be readily negotiated with many years’ options. Expectations are monthly rent of $2.95 per square foot, triple net. After 24 years of operations, the owners have decided to retire. Restaurant has a full complement of staff. The kitchen boasts a 16’ type 1 hood with fire suppression system, large walk-in, 6 burner stove, oven, char-broiler, salamander, 2 x deep fat fryers, stainless steel worktops and reach in refrigerators. The dining room has a display wood burning pizza oven and prep area for pizzas and salads. The dining room seats 65 with a further 25-30 in the bar. 2 outdoor patios seat 25-30 customers each. Plumbing and grease trap systems well maintained. The brewery is licensed with a Type 23 Beer Manufacturers License. 7 bbl. Brewery equipment is featured prominently behind the bar. Great year round Los Angeles coastal climate with cool ocean breezes. 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.
Financial Information:
Monthly Revenue: $140,000
Monthly Cash Flow: $13,833
Annual Revenue: $1,650,000
Annual Cash Flow: $166000
General Info:
Ownership: Inc
Established: 2020
Current Owner: 2020
Employees: 32
Reason For Sale: Other Interests
Monthly Rent: $2.95 PSF - NNN
Expiration: New Lease Negotiable
Facilities:
Square Feet: 4,000
Seating: 108 + 60 Patio
Parking: 50+
Licenses: ABC Type 23, Business and Health
Days/Hours of Operation: Friday - Wednesday 11.00am - 9.00pm Closed on Thursdays
