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#2283
Los Angeles Restaurants For Sale

Popular French Restaurant/Wine Bar Established for 15 Years

$250,000
Popular French Restaurant/Wine Bar Established for 15 Years
This Listing is Expired
Selling Restaurants presents this Popular French Restaurant and Wine Bar located within the South Bay - L.A. area for nearly 15 years.

GREAT REPUTATION:
The restaurant's quality food, great service and tastefully modest atmosphere attracts a prominent clientele base consisting of professionals from doctors to lawyers, local celebrities, politicians such as the mayor, city counsel members, the chief of police and many more.

RESTAURANT FEATURES AND OPERATION:
This was one the very first wine bars in town and quickly became a popular restaurant to find great food and one of kind wine list. There is a large bar with a great wine and beer list which is anchored by a large seating area. In addition there is a private room which seats up to 60 people for either private events or for additional seating on busy evenings. The restaurant hosts many private events throughout the year for local hospital staff events, city official events and private corporate events.

There are 2 kitchens in this restaurant. This is a HUGE benefit for catering and private events. You might even consider Sub-leasing out one of these kitchens to a Catering company since each kitchen has their own entrance/exit, dish sinks and refrigeration. Additionally there are 4 bathrooms total which is much needed during busy evenings and weekends.

There is plenty of free parking and on special events or very busy nights there is additional parking in the neighboring parking lot in the evenings and weekends.

The restaurant is only open for dinner by choice. With a lunch menu a new clientele should form and increase revenue for the new owner. If you bring in a creative lunch menu there's Big potential.

FEATURES OF THE AREA:
Prominent Neighborhoods, Beautiful Public Parks, Golf Courses, Shopping Centers, Large Commerce area, and Nearby Freeways all make this area highly desirable for large corporations, small business owners, and home owners.

One of the greatest advantages to having your restaurant located within the South Bay is the Port of Los Angeles and Port of Long Beach, which when combined are the world’s 5th busiest ports. These ports are increasingly the primary driver of the Southern California economy and restaurants benefit from this hugely.

SELLER FINANCING AVAILABLE:
The owner will provide financing up to $100,000 of the total purchase price for a qualified buyer. Terms of the financing are negotiable.

LEASE TERMS:
Incredible Lease Terms

REASON FOR SELLING:
After 15 years of running the restaurant the owner is ready to retire after a long career in restaurants.

TRAINING:
The owner is willing to train the new buyer at no additional cost to provide a smooth transition. Given the owner's years of experience, his training is invaluable. There is a possibility of the owner assisting you after the completion of training as a consultant.

Take the next step to obtain the restaurant's name, address and pictures by clicking on one of the "Orange" buttons below.
Agent Joe Ranalla DRE License #01719969

Lease

Region:
Los Angeles Restaurants For Sale

Financials

EBITDA:
$74,216

Highlights

  • Fantastic Lease Terms
  • Long Standing reputation for 15 years
  • 2 Large Kitchens (sublease 1 kitchen or use one for catering)
  • Purchase the existing concept or bring your own
  • Bar for Beer & Wine and 3 seperate dining areas

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 41,550 188,439 510,532
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 14,556 72,236 185,282
2010 Persons Per Household 2.70 2.50 2.62
Median House Value $340,600 $498,021 $433,216
Income Per Household $42,672 $61,415 $62,203
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 642 4,196 10,832
2012 Number Of Employees 19,060 120,120 364,444
2012 Total Annual Payroll $294,152,000 $2,579,074,000 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.

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