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The Crown Jewel! Restaurant & Bar with Full Liquor, 3000 Sq.Ft. Patio, Low Rent, Absentee Owner, RRC#3649

Los Angeles County
$415,000

Business For Sale Details

Updated on April 10, 2020 at 4:36 pm

  • Property ID: 3649
  • Price: $415,000
  • Building: 2600 sq. ft.
  • Type: Restaurants, Food & Beverage
  • Status: Business For Sale
  • Rent: 6900
  • Lease Expiration: 2025
  • Year Established: 2011
  • Current Ownership: 2011
  • Organization: Corporation
  • Reason For Sale: Other Interests
  • Employees: 45
  • Revenue (Yearly): 2,254,568
  • Cash Flow (Yearly): 219,677
  • Days/Hours of Operation: Tues-Thurs 11am-10pm, Fri-Sat, 11am-12pm, Sun 10am-10pm, Closed Monday
  • Seating: 150
  • Parking: Rear Lot, Street and Public Lots
  • Licenses: Health Dept Permit, ABC 47 License, City Business License
  • Lease Security Deposit: Yes
  • Lease Options: 4-5 year options

Description

Pre-approved for a SBA loan with 10-20% cash down! Priced reduced due to current market conditions. Very special restaurant & bar located in a fantastic area with a prime location and high foot traffic. Serving great American steaks, chicken, pastas, burgers, salads, wood fired pizzas, plus craft cocktails and beer. 40% of sales are alcohol, with bartenders serving 300 cocktails a night on weekends! Features a casual décor, floor to ceiling windows, lots of natural light, a huge outdoor dining area plus, firepit lounge area. With indoor seating for 60, outdoor seating for 90 or more. Owner works less than 15 hours a week in the restaurant. Great reviews across the board!

Within the main dining room & bar is a large Italian wood fired pizza oven with cold prep station and marble work table. There is a separate wine storage room, office and liquor storage. The kitchen boasts a double hooded cook line and one cold prep line. There is a walk in cooler, walk in freezer, grease trap, separate dishwashing area. Some equipment includes: 3 cold prep stations, grill with oven, salamander, 4 burner stove with oven, 8 burner stove with oven, floor mixer, convection oven with hood, 2 fryers, 2 food warmers, ice machine, 3 door under counter fridge, microwave, slicer, tables, chairs, lounge chairs, sound system inside/out. 2 firepits, 6 ceiling heaters, 12 patio heaters, 10 umbrellas and POS system with 4 tablets. Bar includes: Keg fridge, cube ice maker and 3 under counter wine refrigerators, plus kegerator and bar well.

Business For Sale Location:

  • Location: Los Angeles County
  • City / County: Los Angeles County
  • State / Province: California
  • Country: United States

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