Ultra-Hip Los Angeles Restaurant & Cocktail Bar
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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 |
