West Hollywood Restaurant Beer Wine And Parking For Sale

Business description

This West Hollywood restaurant is located in a highly visible, high traffic location with an onsite parking lot and complementary neighbors. The sale comes complete with a beer and wine license, a large, clean kitchen, and seating for approximately 65 patrons. As the business is currently absentee run and not marketed, tremendous potential exists for a working owner to carry on the current health conscience concept, or to build upon the existing loyal customer base to launch a new concept.

Property information

Real Estate:

Lease

Lease terms:

This prominently located 1,600 square foot facility with parking leases for $6,000 per month plus an additional $2,035 in common area maintenance expenses. The lease is good until 2019 and has a one 5 year option. T

Location:

This prominently located 1,600 square foot facility with parking leases for $6,000 per month plus an additional $2,035 in common area maintenance expenses. The lease is good until 2019 and has a one 5 year option. The sales includes all of the business’s assets including a kitchen with a stove, grill, deep fryer, salad prep tables, ice machine and an automatic dishwasher, a two door and a three door fridge, a 3 bucket sink and a beer and wine license allowing sales until 10 pm during the week and 11 pm on weekends.

Size in square feet:

1,600

Other information

Expansion potential:

Growth Potential
As the current owner is entirely absentee this venue would save tremendously from an on site working owner that could allow it to reduce its annual $144,000 payroll costs, while enhancing its customer service offering. New owners will likely seek to slightly modify the concept to one that does not face as much direct competition, while still capitalizing on the current loyal customer base.

Competition / Market:

This restaurant does face immediate competition on various levels in the immediate area. As such, new owners may seek to modify the concept slightly to provide a greater point of differentiation.

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Personal