Silverlake Restaurant & Bar w/Patio, Parking, Visibility & Property!
Overview
This Silverlake restaurant and bar with liquor, onsite parking and 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. Both the business and property are included at this price!
Additional Details
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 owner-occupied premise will leases for $17.2k/on a lease until 2033 with a 10-year option. The business’s furniture, fixtures, equipment, goodwill and Type 47 Liquor License. An estimated $10k in inventory will be sold at cost at close.
Competition
While competition exists throughout the ever popular Silverlake, Los Feliz, Echo Park and Atwater Village enclaves, few if any venues have comparable visibility, as attractive of a layout or as spacious patio space.
Growth & Expansion
New operators may continue with the current concept, which has proven successful for over 40 years , with the exception of the COVID years and the recent writer’s strike, or they may capitalize on the venue’s flexible layout and entitlements to become a new location for an existing chain, or the flagship location from which a new concept may be launched.
At a Glance
