Sold
Magical Restaurant & Bar w/ 2 Patios-Great Location & Lease
Magical restaurant with character, warmth & charm. Located in an attractive foothill community, north of downtown LA. Situated on a busy street with abundant foot traffic, famous for its festivals & farmers markets. Surrounded by shops, restaurants & pubs. Great food, wine, atmosphere & reviews. With seating for 102 people. Features 2 dining rooms, one with bar, covered dining porch, plus, courtyard patio with a water feature. 5 parking spots are included. Public parking lot in back, plus street parking. There is a large office upstairs with room for additional storage. Opened in 2013. Well-equipped restaurant. Kitchen with hood. Beer & Wine license. Owners are retiring.
Listed By: Teri Craft
Background information
Reference:
magicalrest
Year established:
2013
Reason selling:
Retirement
Finance
Sales:
$883,000
Profits:
$144,327
Operations
Employees:
8, 3 full time.
Equipment:
Imperial 6 burner stove with convection oven, Imperial grill with oven, 8.5’ hood with fire suppression system, Double fryer, 4 Lowboy Everest refrigerators, 1 Everest double door frig/freezer, 2 Everest double door fridges, 1 Everest single door freezer, 1 Everest single door merchandizing frig, 2 True beer fridges, one with spickets for 10 slim beer kegs, 1 -50 bottle wine fridge, 3 industrial microwave ovens, Astro double espresso machine and more.
Inventory:
Not included in the sale price.
Premises
Facility:
2543 sq. ft. Two dining rooms & bar, street-front covered dining porch plus, beautiful courtyard patio. Upstairs office and storage. Fully equipped kitchen. Public parking lot in back, plus street front parking.
Square footage:
2543
Rent and lease terms:
$7,625 gross lease. Includes office. Landlord will issue new lease for buyer.
Location:
Located in a charming LA suburb on a busy street with abundant foot traffic. Surrounded by multiple shops and restaurants.
Opportunities
Growth:
Able to open for breakfast & lunch daily plus, Mondays.
Price and terms
Price:
$250,000
Training:
Seller will train, 2 weeks, 20 hours per week.