Ultra-Hip Los Angeles Restaurant & Cocktail Bar

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This listing is: Off Market

Background

BizEx ID:BizEx662-MS
General Location:Los Angeles, CA
Category: Bars/Taverns
Restaurants
Years in Business:3.5
Under Present Owner:1.2
Hours of Operation:M-F 11am-10 pm, Sat 4 -10pm
Owner Hours:Absentee
Training:2 weeks @ 20 hours
Organization Type:
Lease Expiration:
Lease Options:2 @ 5 Years
Building Size:5699
Employees:59
Reason for Sale:To Focus on Other Businesses

Financials

Asking Price:$1,150,000
Down Payment:$1,150,000
Gross Sales:$2,400,000
Discretionary Cash Flow:$253,000
FF&E:$650,000
Inventory Included?
Inventory:$20,000
Min. Operating Capital:
Real Estate Available?No
Rent:$18,000
Financing:Call

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations