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BUSINESSES FOR SALE

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Westwood Village / Ucla Restaurant With Beer And Wine

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $300274
Net Profit / Cash Flow  $80308
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2003
Number of Employees  4 - 5
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  2 weeks at 20 hours/week.
Reason for Sale  Personal.
Description  This absentee owned Westwood Village / UCLA area restaurant with a beer and wine license and favorable rent, is located in a coveted location that is ideal to cater to students and faculty, as well as to Westwood, West Los Angeles and Brentwood businesses and residents. The location benefits from fantastic street exposure and freeway access, heavy foot traffic, proximity to the campus and student housing, and plenty of nearby public parking lots. Asking Price $89,000. This prominently located 1,500 square foot facility with parking leases for $5,172 per month plus an additional $750 in property related expenses on a secure lease, with a new lease and options to be negotiated in the sale. The sale includes all of the business's assets including its Type 41 Beer & Wine license, seating for nearly 50 patrons, a POS system, surveillance system with 4 cameras and offsite viewing capability, and a complete kitchen with an oven, stove, grill, deep fryer, salad prep table, two door fridge, walk-in cooler, and three bucket sink. This restaurant does face competition on various levels in the immediate area, as Westwood Village is a highly competitive market. The venue, however, is the closest to campus and student housing when compared to others with a similar concept. As the current owner is entirely absentee this venue would save tremendously from an on site working owner that invests heavily into marketing and advertising, while simultaneously likely enhancing its customer service offering. New owners will also be able to capitalize on a new nearby student housing building that should accommodate 600 to 700 students / customer within the next few months, while also tackling still relatively untapped markets.
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