Active
Iconic Family Restaurant w/Bar Lounge-$3,392,000 Annual Sales
Iconic Family-Style Restaurant & Lounge – Established 1962
This is a beloved institution in the greater Los Angeles area and a truly iconic family-style restaurant and lounge that has been serving the community since 1962. Known for its welcoming atmosphere and full liquor service, the restaurant offers breakfast, lunch, dinner, late-night bites, and cocktails daily.
With 6,000 sq. ft. the restaurant accommodates approximately 277 guests and has been recently upgraded throughout with new booths, flooring, and fresh paint. The well-designed restaurant includes a main dining room with booth and counter seating, a second dining room with booth seating throughout, a separate bar/lounge with bar and booth seating plus a separate entrance. It boasts an expansive cook line, plus a well-equipped kitchen with a walk-in cooler, dishwashing area, storage area, liquor storage, and dedicated waitstaff service area, four restrooms and a private owner’s office. They can easily accommodate over 30 guests for outdoor dining and they have ample parking.
Operating hours are Sunday – Thursday: 7:00 AM – 9:00 PM and Friday & Saturday: 11:00 AM – 11:00 PM. They have 41 employees including 3 managers. The owner comes in a few days a week for a few hours each visit.
This is a rare opportunity to acquire a high-revenue, long-established restaurant with a strong local following. Only offers from experienced restaurant operators with strong financials will be considered.
Some equipment includes: Kitchen- Walk-in cooler, (2) hoods, hooded cook line, large ice machine, (2) six-burner stoves with ovens, floor mixer, meat grinder, slicer, Robot Coupe, built-in wall freezers, (3) waffle makers, double pressure cooker, double fryer, (2) grills with (8) chef’s drawers, salamander, (2) prep stations, microwave, ice cream freezer, soup warmers, heat lamps, pots, pans, and utensils. Beverage & Service Equipment: Coffee machine, juice machine, juicer, iced tea maker, soda station, under-counter refrigeration, dinnerware, flatware, glassware. Technology & Security: Sound system, security system, POS system. Bar Area: Fully stocked and equipped.
Cash Offers Preferred
Listed By: Teri Craft
Background information
Reference:
familyrestbar
Year established:
1962
Reason selling:
Other interests
Finance
Sales:
$3,392,129
Profits:
$273,159
Profit type:
Net Income
Operations
Employees:
41 including 3 managers.
Equipment:
Kitchen- Walk-in cooler, (2) hoods, hooded cook line, large ice machine, (2) six-burner stoves with ovens, floor mixer, meat grinder, slicer, Robot Coupe, built-in wall freezers, (3) waffle makers, double pressure cooker, double fryer, (2) grills with (8) chef’s drawers, salamander, (2) prep stations, microwave, ice cream freezer, soup warmers, heat lamps, pots, pans, and utensils. Beverage & Service Equipment: Coffee machine, juice machine, juicer, iced tea maker, soda station, under-counter refrigeration, dinnerware, flatware, glassware. Technology & Security: Sound system, security system, POS system. Bar Area: Fully stocked and equipped.
Inventory:
Inventory is available
Premises
Square footage:
6,000 sq. ft.
Rent and lease terms:
The monthly rent is $27,661.49 including CAM charges. The lease expires January 31, 2031, plus two 5-year options to extend through January 31, 2041.
Location:
Located in a shopping center on a main boulevard with great visibility.
Opportunities
Growth:
This is a fantastic opportunity for an experienced, restaurant, owner-operator with the desire to run it.
Price and terms
Price:
$749,000
Financing:
Cash offers are preferred.
Training:
Training is available