Silverlake Area Restaurant and Bar w/Liquor, Spacious Patio and Parking

Inventory: Not included in asking price
Employees: 25
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
EBITDA:$402,302
FF&E:$40,000
Established:1980

General Information

This Silverlake area restaurant and bar with liquor, onsite parking, excellent street visibility boasts what may arguably be the most coveted outdoor patio in the area. The restaurant has 2 separate interior dining areas that open into an adjacent 12 seat bar as well as its outdoor patio and manager’s office. The kitchen has a large walk-in cooler, a separate walk-in freezer, a large dry storage room, prep room and a comprehensive line with deep fryers, a grill, griddle, stove and 2 convection ovens.

Facilities:

This 4,600 square foot venue has seating for just over 100 inside. It boasts a remarkable 1,900 square foot patio that can accommodate nearly 100 outside. The premise leases for $17,800 per month on a lease until 2028 with one 10-year option. The business’s furniture, fixtures, equipment, goodwill and Type 47 Liquor License will be included. The parking lot is on a separate lease $1.2k/month lease with the Department of Water & Power. It has been a long-term arrangement anticipated to continue

Competition:

While competition exists throughout the ever popular Silverlake, Los Feliz, Echo Park and Atwater Village enclaves, few if any have as attractive of layout or spaciousness.

Growth & Expansion:

New operators may continue with the current concept that has proven successful for nearly 40 years or they may capitalize on the venue’s attributes and versatility. The space can be adapted to accommodate any number of concepts.

Financing: Not offered but a small secured carry may be considered
Support & Training: Seller will train for 2 weeks at 20 hours per week.
Reason for Selling: Personal

Total Sales: $2,812,461

Cash Flow: $402,302

FFE: $40,000

Inventory: $15,000