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Exquisite High-Volume Restaurant & Bar-Full Liquor-Outdoor Dining


Cocktail_1886_istock-978310990

Exquisite, upscale American restaurant and bar serving refined steaks, seafood, brunch, and world-class cocktails in an elegant, converted Craftsman cottage with 3 patios & multiple fireplaces. This lovely and inviting restaurant with a warm décor and lushly landscaped patios is meticulously maintained, inside out with seating for 180 guests. Renowned throughout So. California for lunch, dinner, and weekend brunch plus special events, including intimate weddings since 1975.

This high-volume restaurant & bar is perfect for a seasoned owner-operator or skilled chef. The restaurant features multiple dining areas. A fully covered patio with ceiling fans, heaters and a roll-down media screen can be fully enclosed in inclement weather and accommodates 60 to 80 people. The main dining room seats approximately 40 guests. An intimate and attractive bar seats 20 guests for specialty cocktails, fine wines, desserts and small bites. The quaint, trellised back patio serves 20-24 guests and the garden patio with stone fireplace seats 40 comfortably for private parties and dining or 60 or more for cocktails. There are two fireplaces, one indoors and one outside.

Setting the bar even higher when it comes to craft cocktails, they have an ice room complete with a 300 lb ice block maker, butcher’s band saw (for ice), cold draft ice machine and a wine cooler. Creating an opportunity to sell ice to other restaurants and bars.

The chef’s kitchen was rebuilt 8 years ago with all new equipment. The building also features a downstairs storage area complete with ice machine, walk-in cooler, walk-in freezer, caged liquor storage, wine fridge and small wares. Other features include a back office, storage room, plus a large, dish and storage area.

Equipment is as follows:  Kitchen- 2 Jade 6 burner range with refrigerator drawers, 1 Jade Griddle + 2 burner range with oven, 1Jade Gril, 1 Pitco fryer, 2 Jade Salamanders, Hot/Expo Line- 2 door under counter fridge, 2-drawer under counter fridge, Countertop induction burner, Warming drawer, Blodget double oven, Salad/prep station with under counter fridge, 2 X 2 door under fridge with counter work stations, Ice cream freezer, 1 Sous Vide, dish pit. Bar- Perlick glass chiller, True 24” wide tall fridge, True 2 door under counter fridge, glasswasher, stereo system & TV. Basement: vacuum sealer, Slicer, Hobart mixer, Hoshizaki ice machine, freezer, Beverage Area: 2 door under counter fridge-service station, Coffee maker, La Marzocco Espresso machine, Burn coffee grinder- Office:  2 desk top PC’s, Copier/Printer (Leased), True 24” wide tall fridge for wine. Ice Room: 300 LB ice block maker, butcher’s band saw (for ice), cold draft ice machine & freezer. Other Items Include: Toast POS system with 4 stations, security system & cameras, all tables, chairs, umbrellas, outdoor heaters, pots, pans, utensils, dishware, glassware, flatware etc.

This is an asset sale.



Listed By: Teri Craft

Background information

Reference:

therestaurant

Year established:

1962

Reason selling:

Other interests

Finance

Sales:

$3,139,560

Operations

Employees:

46 employees, 10 are kitchen staff, most part-time.

Equipment:

Kitchen- 2 Jade 6 burner range with refrigerator drawers, 1 Jade Griddle + 2 burner range with oven, 1Jade Grill, 1 Pitco fryer, 2 Jade Salamanders, Hot/Expo Line- 2 door under counter fridge, 2 drawer under counter fridge, Countertop induction burner, Warming drawer, Blodget double oven, Salad/prep station with under counter fridge, 2 X 2 door under fridge with counter work stations, Ice cream freezer, 1 Sous Vide, dish pit. Bar- Perlick glass chiller, True 24” wide tall fridge, True 2 door under counter fridge, glasswasher, stereo system & TV. Basement: vacuum sealer, Slicer, Hobart mixer, Hoshizaki ice machine, freezer, Beverage Area: 2 door under counter fridge-service station, Coffee maker, La Marzocco Espresso machine, Burn coffee grinder- Office: 2 desktop PC’s, Copier/Printer (Leased), True wine frigde. Ice Room: 300 LB Ice Block Maker, Butcher’s Band Saw (for ice), Cold Draft ice machine (leased), True 24” wide tall freezer. Other Items Include: Toast POS system with 4 stations, security system & cameras, all tables, chairs, umbrellas, outdoor heaters, pots, pans, utensils, dishware, glassware, flatware etc.

Inventory:

Approximately $80,000

Premises

Facility:

1,890 sq. ft. building with 3 patios, plus, an additional 800 sq. ft. of storage, 150 sq. ft. of office space and a 100 sq ft ice room. Parking for 13 cars in addition to street parking and valet. This is an impeccably maintained building and property.

Square footage:

1,890

Rent and lease terms:

$10,500 monthly base rent, plus triple net charges including: property tax, insurance, and gardener, equal to approximately $2,860 a month. Seller to issue a 5-year lease with a 5-year option, at market rate. 3% annual increase each year.

Location:

On Major Blvd.

Opportunities

Growth:

2022 is on track to be a very strong year! Filming can also be a good source of revenue.

Market:

Sales are strong!

Price and terms

Price:

$650,000

Financing:

Cash offers are preferable

Training:

The seller will offer training.