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Silverlake Restaurant And Bar With Liquor Patio Parking For Sale

Los Angeles, California - South, US
Asking Price:
$500,000 (USD)
Sales Revenue:
$1,800,000 (USD)
Cash Flow:
$150,000 (USD)

This Silverlake area restaurant and bar with liquor, onsite parking, excellent street visibility boasts what may arguably be the most coveted outdoor patio in the area. The restaurant has 2 separate interior dining areas that open into an adjacent 12 seat bar as well as its outdoor patio and manager’s office. The kitchen has a large walk-in cooler, a separate walk-in freezer, a large dry storage room, prep room and a comprehensive line with deep fryers, a grill, griddle, stove and 2 convection ovens.

Property Information

Real Estate:

Lease

Location:

This Silverlake area restaurant and bar with liquor, onsite parking, excellent street visibility boasts what may arguably be the most coveted outdoor patio in the area. The restaurant has 2 separate interior dining areas that open into an adjacent 12 seat bar as well as its outdoor patio and manager’s office. The kitchen has a large walk-in cooler, a separate walk-in freezer, a large dry storage room, prep room and a comprehensive line with deep fryers, a grill, griddle, stove and 2 convection ovens.

Premises Details:

This 4,600 square foot venue has seating for just over 100 inside. It boasts a remarkable 1,900 square foot patio that can accommodate nearly 100 outside. The premise leases for $12,000 per month on a lease until 2028 with one 10 year option. The business’s furniture, fixtures, equipment, goodwill and Type 47 Liquor License will be included in the sale.

Business Operation

Expansion Potential:

New operators may continue with the current concept that has proven successful for nearly 40 years or they may capitalize on the venue’s attributes and versatility. The space can adapted to accommodate any number of concepts.

Competition / Market:

While competition exists throughout the ever popular Silverlake, Los Feliz, Echo Park and Atwater Village enclaves, few if any have as attractive of layout or spaciousness.

Reasons for selling:

Personal

Employees:
25
Years established:
1980

Other Information

Support & training:

Seller or their representative will train for 2 weeks at 20 hours per or as negotiated.

Inventory / Stock value:
$15,000 (USD)

Contact The Veld Group

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