Sunset Strip-Restaurant & Full Bar w/Covered Patio Plus $3.8 Million in Annual Sales
Listed for $2,250,000. Own one of LA’s premier, high-volume restaurants and bars on the stellar Sunset Strip, in operation for over 15 years. SBA pre-approved for financing. Annualized sales are nearly 4 million dollars, and the annual net income is approximately $600,000. This highly visible restaurant boasts an attractive décor with a dramatic spacious dining room and open bar area. The real gem is the large covered & heated patio with fire pits that comfortably accommodate guests daily, morning to late night, year-round. The building with patio is approximately 6,000 sq. ft., and the lot is over 20,000 sq. ft. with valet parking for 40 cars on site. The restaurant can accommodate 233 guests. The menu includes a variety of classic dishes, some delectable international bites for lunch and dinner, specialty coffees, cocktails and late-night desserts. Comes complete with an ABC type 47 & 58 ABC license for full liquor service and catering. This very popular bar & grill has it all, great food, cocktails, location and steady revenue. The owners are mostly absentee and this is a manager-run business. They also offer catering
The bar area features an 18-foot bar complete with 8 beers on tap, 5-door under-counter refrigerators, two blenders, an ice machine, a small prep station, a double espresso machine, a coffee brewer, and more. There is a large service station with food drawers, a panini grill, a toaster, a prep area, and ice machine.
The kitchen features a large walk-in cooler, a walk-in freezer, and two hooded cook lines. The first cooking area has a 20-foot hooded cook line with 2 six burner stoves, an Imperial stacking oven, grill, charbroiler, double fryer, 13 chef’s drawers, two panini grills, food warmer, refrigerated prep station, giant salamander, storage area over prep line and microwave. The additional cook line has an 8-foot hood complete with Baxter stacking pizza oven, prep table, refrigerated prep station, proofing rack, slicer and more.
Comes complete with a 6-station POS system, security system, sound system, 5 TVs & large dry storage area. Plus, all furniture, smallwares, dinnerware, flatware and glassware.
Listed By: Teri Craft
Background information
Reference:
sunsetgrill
Year established:
2005
Reason selling:
Other Interests
Finance
Sales:
$3,871,768
Profits:
$598,250
Operations
Employees:
Approximately 40
Equipment:
Well equipped throughout. Including a walk-in cooler, walk-in freezer, 2 hooded cook lines, stacking pizza ovens, all furnishings, POS system, 8 beer tap system and more.
Inventory:
Inventory is included
Premises
Facility:
The building with patio is approximately 6,000 sq. ft. and the lot is over 20,000 sq. ft. with valet parking for 40 cars on site. The restaurant's capacity is 233 guests.
Square footage:
6,000
Rent and lease terms:
Monthly rent is $22,381 plus, property tax of approximately $30,000 a year, half paid twice a year. The lease expires August 2027, plus there is a 5-year option. With annual increases of 3% to 6% each year. We can work with buyer and landlord to secure a longer lease.
Location:
Prime corner location on historic boulevard in the heart of Los Angeles/Hollywood area. Great visibility.
Opportunities
Growth:
One can increase revenue by opening for breakfast daily and earlier for brunch on weekends.
Market:
Strong revenue and income!
Price and terms
Price:
$2,250,000
Financing:
SBA pre-approved
Training:
Training will be provided.