Restaurant. Prime LA Area. Busy Street.$1.8m Rev
Home / Listing / Restaurant. Prime LA Area. Busy Street.$1.8m Rev
Background
| BizEx ID: | BizEx1418-DH |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Restaurants Entertainment |
| Years in Business: | 3 |
| Under Present Owner: | 3 |
| Hours of Operation: | 11:30am -11:00pm |
| Owner Hours: | 5:00pm - 11:00pm |
| Training: | 4 weeks @ 20 hours |
| Organization Type: | LLC |
| Lease Expiration: | 1/2025 |
| Lease Options: | 5 year |
| Building Size: | 2000 |
| Employees: | 23 |
| Reason for Sale: | New Business Venture |
Financials
| Asking Price: | $459,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $1,800,000 |
| Discretionary Cash Flow: | $170,000 |
| FF&E: | $175,000 |
| Inventory Included? | Yes |
| Inventory: | $15,000 |
| Min. Operating Capital: | $80,000 |
| Real Estate Available? | No |
| Rent: | $16,850 |
| Payroll: | $40,000 |
| Financing: | Call |
Description
This is a destination restaurant that captivates guests with engaging ambiance, inventive cocktails and outstanding, contemporary Greek Cuisine. It's a high end, high volume restaurant that compliments great food with an entertaining experience.
This business has a type 47 liquor license and can operate until 12am. Sought after location with 80 seats, $1.8M+ in revenue annually with 35% of total sales from alcohol sales.
An Open Table Diners choice for 2023, offering indoor and outdoor seating. Full liquor license, newer equipment, and stylish furnishings, decorations and atmosphere.
The restaurant has been featured in the LA Times, LA Weekly, Los Angeles Eater, Coast to Coast, Indulge, LA Magazine, Angeleno Magazine, Variety and more, as being a top destination in LA for Brunch, Happy Hour, Birthdays, New Years Eve and Cocktail Spots.
The restaurant has also been featured on KTLA, Inside Edition, the Real Housewives of Beverly Hills and the Shahs of Sunset. This restaurant continues to become more popular and in more demand everyday.
The owner has a new business venture and needs to dedicate more time to that. The staff is well trained and committed to the experience. This is a fun place own, work and dine. There is room to improve profitability with experienced and active management.
Please visit: https://www.bizex.net/buy-business/register to register with BizEx and sign an online NDA for additional information. Registration is very simple, quick, and easy.
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
