Active
Restaurant & Speakeasy-Over $2M Annual Sales-Full Liquor
Rare opportunity to acquire a thriving restaurant in a highly visible and desirable dining and entertainment hub of the San Gabriel Valley. Located on a prime corner with excellent foot traffic day and night. This established family-style restaurant can accommodate one or two distinct concepts under one roof. This versatile space features a front restaurant, a second dining area, a bar, and a patio—each with its own entrance and a spacious shared kitchen. Ideal for a restaurant, speakeasy, banquet space, or wine bar. Conveniently, located next to a public parking lot. Includes an ABC Type 47 license for full liquor service and a CUP. The menu features pizza, pasta, chicken, fish, sandwiches, and salads, complemented by exceptional craft cocktails and beers. The wine bar boasts an award-winning wine list, with a loyal customer base subscribed to its wine club—an asset that can be retained by the new owner if desired.
Business Highlights:
- Dual-Concept Potential: Features a front restaurant and/or sports bar, plus a second dining area, bar, and patio—each with separate entrances and a shared, well-equipped kitchen.
- Ideal for Various Concepts: Perfect for a restaurant & speakeasy, banquet hall, wine bar, or upscale lounge.
- ABC Type 47 License & CUP: Full liquor license included, allowing for a seamless transition.
- Turnkey Setup: Sale includes furniture, fixtures, equipment, and the ABC license—not the restaurant's name or menu.
- Established Staff: Current employees are interested in staying, providing operational continuity.
- Strong Wine Program: Existing wine tastings and a wine club will remain, offering a built-in customer base.
- Convenient Parking: Located adjacent to a public parking lot for easy guest access.
This is an exceptional chance to step into a well-established, fully equipped restaurant with endless potential in a bustling destination.
This is an asset sale for experienced restaurant operators with strong financials. Cash offers only, please. Name, concept and menu are not included.
Listed By: Teri Craft
Background information
Reference:
restaurantloungealh
Year established:
1998
Reason selling:
Other Interests
Finance
Sales:
$2,022,931
Operations
Employees:
10 full-time, 12 part-time, including one general manager.
Equipment:
Walk-in freezer & refrigerator, 3-door keg box refrigerator, 2 door under counter beverage case, 3 compartment sink, under bar Ice bin, espresso machine, 30" Dessert display case, 90" pizza table refrigerator, 36" sandwich table refrigerator, Roto flex pizza oven, pizza cutting table, 24" under-counter freezer, 24" fryer, 36" steam table, 48"sandwich table mega-top refrigerator, 90" pizza table refrigerator, 36" mega-top refrigerator, 2 microwaves, coffee maker, bread proofer, 30"mega-top refrigerator, 2-drawer bread warmer, 18" griddle, pasta cooker, 36" 6 burner oven, 6 top burner, 60 qt Hobart mixer, can rack, single door freezer, 6ft stainless prep table, 3 compartment dish sink, 2-door keg box, 24" vino temp wine refrigerator, 24" ice cream freezer, 36" ice underbar well, 2 bread-holding cabinets. All dinnerware, flatware, pots, pans, utensils and glassware. Plus, all tables and chairs.
Inventory:
Inventory is available in addition to the purchase price.
Premises
Square footage:
4,822
Rent and lease terms:
Rent is $13,646 plus triple net charges of $2,495 with a rent increase of 2.5% every two years. The lease expires in November 2029. There are 2 options to extend, one 5 years and one 3 years.
Location:
Prime corner location in the heart of town, offering exceptional visibility and high foot traffic.
Opportunities
Growth:
Opportunity to extend operating hours for increased revenue potential.
Market:
Sales are increasing each year.
Price and terms
Price:
$475,000
Financing:
Will consider cash offers.
Training:
Training and support with the transfer is available.