Sale Pending
Urban Coastal Restaurant & Bar w/Full Liquor-Multiple Patios-High Volume-
Popular, urban, coastal restaurant and bar serving full liquor. Located in a bustling, walkable area of the city, the restaurant boasts multiple attractive patios in a beautiful setting and lively atmosphere. The establishment comes with a 47, full liquor license, 36 beers on tap and indoor and outdoor seating that accommodates 150 guests. SBA Approved for financing.
The restaurant features an upscale casual menu with a focus on burgers, chicken, fish, salads, appetizers and of course, craft beers, stellar cocktails, brunch and dessert. With multiple TVs throughout, it is the perfect spot for customers to watch their favorite teams play.
This is a turn-key restaurant with a loyal customer base, over $2,000,000 in annual revenue, a proven history of success and strong income. Overall, this restaurant and bar is an exceptional opportunity for an experienced restaurant, operator looking to own a thriving business in a prime location. Located near restaurants, shopping and theatres. The restaurant is 2,700 sq. ft. with seating for 80 inside and 70 people outside. Alcohol sales are permitted until 11 PM on weeknights and midnight on weekends.
Some equipment and fixtures include-Walk-in beer cooler, kegerator, 36 tap glycol system, glass washing machine, 12-foot hood, 12 TVs, liquor cooler, walk-in food cooler, 4 cold prep stations, double griddle, double fryer, grill, charbroiler, salamander, 2 stoves with oven, Toast POS system, security system, sound system, dinnerware, glassware, flatware, all smallwares plus, all furnishings including- indoor tables, chairs, bar stools, all patio tables, chairs & umbrellas and more. Inventory is available in addition to the sale price.
SBA financing is available for a well-qualified restaurant operator with 10% or more cash down. The landlord requires an experienced restaurant operator with a 3 million dollar net worth. The owner is retiring and this is priced to move fast!
Listing price is $450,000.
Listed By: Teri Craft
Background information
Reference:
marinarestaurant
Year established:
2015
Reason selling:
Retirement-Seller moving out of state
Finance
Sales:
$1,929,711
Profits:
$197,904
Profit type:
Net Income
Operations
Employees:
25 employees including one general manager. The general manager is paid $72,000 a year. The owner spends less than 15 hours a week in the business.
Equipment:
Walk-in beer cooler, kegerator, 36 tap glycol system, glass washing machine, 12-foot hood, 12 TVs, liquor cooler, walk-in food cooler, 4 cold prep stations, double griddle, double fryer, grill, charbroiler, salamander, 2 stoves with oven, Toast POS system, security system, sound system, dinnerware, glassware, flatware, all smallwares plus, all furnishings including- indoor tables, chairs, bar stools, all patio tables, chairs & umbrellas and more.
Inventory:
Inventory is available in addition to the purchase
Premises
Facility:
2,666 sq. ft restaurant plus 2 outdoor patio areas. Located in an attractive, walkable residential area, near restaurants, shops and theatres. Street parking is available.
Square footage:
2666
Rent and lease terms:
The monthly base rent is $15,996 and cams are $5,732. The lease expires in November 2023. There is one five-year option to extend the lease. We will assist with the issuance of a new lease or the assignment.
Location:
Greater Marina Del Rey area.
Opportunities
Growth:
High-volume restaurant with increasing sales and profit!
Market:
Priced below market for quick sale!
Price and terms
Price:
$450,000
Financing:
SBA pre-approved for lending.
Training:
Seller and or manager will provide training for the transition.