Quaint Beverly Hills Area Restaurant w/Sidewalk Seating!
Inventory: Not included in asking price
Real Estate: Leased
Building SF: 1,200
Lease Expiration: N/A
Employees: 11
EBITDA:N/A
Rent:$5,170 per Month
Established:1988
General Information
This celebrated Beverly Hills area restaurant with beer, wine and sidewalk seating has established a strong reputation for its award winning European cuisine. The venue boasts fantastic street visibility in a highly popular shopping district and employment center (not in the Golden Triangle area) and has a coveted lease at what’s deemed to be well below market rate (< $4 psf). The facility has a full kitchen with a convection oven, a 6 burner stove/oven combination, a table top stove, grill, griddle and deep fryer. It has a 3 bucket sink and dishwashing unit as well as a large walk-in cooler.
This is an SBA Candidate and there is already a $250k assumable SBA in place that may be assumable based on buyer qualifications
Facilities:
This restaurant leases for $4,700 per month plus $470 in triple net (NNN) expenses on a tremendous lease that does not expire until December 2021 with three 5 year options. All of the business's furniture, fixtures, equipment and Type 41 Beer & Wine License will be included in the sale. Approximately $75,000 in wine inventory will be sold at cost at close in addition to purchase price.
Competition:
While competition exists, this is a well-established and quite well known venue. As such, it has created a name for itself and developed a loyal following that includes some of Hollywood’s best known personalities that would be impossible for an industry entrant to replicate.
Growth & Expansion:
While new management may wish to promote the venue, they will likely want to operate the restaurant in the traditional way that has proven to be successful over time! They may also wish to further capitalize on the premise’s extensive 350 label wine list.
Support & Training: 2 Weeks at 20 hrs/wk
Reason for Selling: Retirement
Profitable Restaurant Chain w/Proven Concept – 2 Locations!
Inventory: Not included in asking price
Real Estate: Leased
Building SF: N/A
Lease Expiration: N/A
EBITDA:$1,260,000
Rent:N/A
Established:N/A
General Information
This formidable 2 location restaurant chain with a proven concept operates from 2 of the most prestigious, high-profile locations that the city has to offer. One location is positioned to provide high quality mid-range to fine dining cuisine to those in the greater Beverly Hills and West Los Angeles areas, while the second caters to the most affluent areas of the San Fernando Valley.
Facilities:
The premises are 3,500 square feet with a 1,100 square foot patio and 4,300 with a 1,700 square foot patio. Each creates an ambiance that complements the popular food concept. Both are in high profile locations with abundant parking and complementary neighboring businesses. The facilities lease for $43,000 and $31,500 per month including base rent and triple net (NNN) and/or common area maintenance (CAM) fees. The leases expire in June 2028 and May 2022 respectively. Each locations furniture, fixtures, equipment and Type 47 Liquor Licenses will be i
Competition:
While competition exists in both highly popular dining and entertainment destinations, this branded concept has set itself apart by its chef created menu, recipes and wine selection, stellar customer service, authentic atmosphere and dining ambiance. For these reasons, coupled with the brand’s high traffic locations, customer following that has been amassed from nearly a decade of never disappointing meals served, the concept is considered to be long-term and sustainable. This is not only evidenced by each location’s revenues, but also by their loyal c
Growth & Expansion:
New operators will likely wish to capitalize on the brand’s goodwill and established following to open comparable locations. If a regional chain is desired, the concept could thrive in areas such as Santa Monica, Hollywood, Downtown Los Angeles, the South Bay Beach Cities as well as prestigious coastal cities like Newport Beach, Laguna, San Diego, Santa Barbara or Las Vegas. Since the business has been professionally managed and its model established with years of best in place, new management may consider licensing or franchising options to grow the b
Support & Training: To be negotiated
Reason for Selling: Personal
