This Santa Monica fast casual restaurant with beer, wine and coveted sidewalk seating occupies one of the city’s most prominent corner locations. Due to its tremendous street visibility, heavy walk traffic and significant signage, this is a fantastic flagship location for a new brand; plus it does not need to rely as heavily on marketing as many find necessary. The versatile premise has an open kitchen build-out with its ovens visible throughout.
The 5,600 square foot facility rent for roughly $26,878 per month plus $2,645 in triple net expenses (NNN) plus 6% of gross past $6.0 ml in annual revenue (approx.) sales breakpoint on a lease until 1/31/24 with 2 five year options (with 3.0% annual increases). Due to the nature of the premise, patrons are offered onsite parking with validation. All of the business’s furniture, fixture and non-branded equipment will be included in the sale, as well as its Type 41 beer and wine license. This facility includes a take-out kitchen with a separate pizza oven. It has a customer friendly take-out counter. This may be sublet, as it has been in the past, however the owners have opted to hold-off on offers until the future of the balance of the premise is determined.
