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#764
Los Angeles - Hollywood - DTLA

Spectacular Restaurant w/ Type 47 Liquor License

$350,000
Sold
Spectacular Restaurant w/ Type 47 Liquor License
This Listing is Sold
This spectacular restaurant w/ a type 47 liquor license is located in an upscale neighborhood of the South Bay area of Los Angeles County. The amazing recipes, incredible wine selection, spectacular artwork and beautiful details throughout the restaurant provide a first class experience for everyone to enjoy. There is 2292 sq. ft. with seating for 76 inside and 28 outside on the patio with plenty of parking. The rent is only $4385 with CAM charges of $1260. The lease has 6 months left with 2-five year options. The Seller reports gross monthly sales to be between $55000 and $65000. The Sales price of $369000 includes an estimated value of $130000 for the Type 47 Liqour license and the amazing, original artwork. The restaurant is currently only open for dinner five days per week, but a new owner could immediatley increase sales by opening for lunch and brunch on Sundays and by opening up the restaurant everyday. The FF&E's include: 16'9" Hood, 2-Reach in Refrigerators, Grease Trap, Deep Fryer, Grill, 6-Burner Stove, 2-Standard Ovens, 6'x6' Walk-in Freezer, 6'.5" x 10'.5" Walk-in Refrigerator, Phoenix Twin Expresso Machine, Dishwasher w/ Water Softner, Ice Machine. Select any o fthe bright orange buttons below to get more information about this listing including the name and address from the broker. This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
6 months+ 2 five yr. options
Total Monthly Rent:
$4,385
Security Deposit:
$8,000

Operations

Liquor License:
47
# of Full-Time Employees:
4
# of Part-Time Employees:
11
Hours Open:
Tuesday-Saturday-dinner only
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
76
Outdoor Seating:
28
Inside Sq. Ft.:
2292

Highlights

  • This spectacular restaurant w/ a type 47 liquor license
  • Located in an upscale neighborhood of the South Bay area of Los Angeles County.
  • Amazing recipes, incredible wine selection and spectacular artwork
  • There is 2292 sq. ft. with seating for 76 inside and 28 outside on the patio
  • Rent is only $4385 with CAM charges of $1260.
  • The lease has 6 months left with 2-five year options.
  • The Seller reports gross monthly sales to be between $55000 and $65000.
  • Restaurant is only open for dinner five days per week.
  • New owner could increase sales by opening for lunch and dinner 7 days per week.
  • The FF&E include 16
  • Grease Trap, Deep Fryer, Grill, 6-Burner Stove, 2-Standard Ovens
  • Walk-in Freezer, Walk-in Refrigerator, Expresso Machine, Dishwasher, Ice Machine.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 26,017 105,819 255,671
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,479 39,341 99,282
2010 Persons Per Household 2.66 2.62 2.51
Median House Value $1,000,000 $863,422 $709,290
Income Per Household $151,469 $113,289 $91,312
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 954 3,617 8,058
2012 Number Of Employees 12,922 81,266 183,858
2012 Total Annual Payroll $275,228,000 $1,799,243,000 $4,028,379,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 some cases, foreward 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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.

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