Restaurant With Beer, Wine & Large Kitchen
Location California,United States
Asking Price Range < $250K
Gross Revenues $360000
Net Profit / Cash Flow $40000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1982
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 Chatsworth restaurant with beer and wine, parking and a spacious kitchen and dining area presents the innovative entrepreneur a fantastic framework to capitalize on with any number of beer and wine bar or food concepts. The sale includes all of the assets including a large kitchen and separate food prep rooms with 2 stoves and ovens, grill, deep fryer, pizza oven, several salad prep tables, ice machine, automatic dishwasher
Asking Price $79,000.
This spacious 4,200 square foot facility with 14 parking spaces (after 5 pm) leases for $3,300 per month plus $1,700 in common area maintenance (CAM) expenses. While the lease has 2 years remaining, a buyer can anticipate a new 5 year lease with a 5 year option at a comparable rate.
As this venue has been a neighborhood favorite with a loyal customer following for years it enjoys a stable recurring customer base. New owners, however, will likely seek to modify and expand upon the concept to win back market share or launch an entirely new concept from this prominent location.
New owners will likely seek to capitalize on the facility's spacious build-out as well as its beer and wine license via the launch of a variety of concepts that can capitalize on these attributes. The location could make a fine neighborhood beer and wine bar that offers craft beer, reasonably priced wines and an innovative food menu in the vein of a modern sports bar, artisan pizza restaurant or craft brew house or German beer garden with sausage and schnitzel. Similarly it could thrive with a variety of ethnic foods concepts or even American barbeque or gourmet hamburgers, French bistro or brasserie, Japanese Izakaya or sushi restaurant, etc.
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