New Turnkey Restaurant w/ Very Low Rent Near Ocean Ave. w/ Beer & Wine

Asking Price: $159,000

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New Turnkey Restaurant w/ Very Low Rent Near Ocean Ave. w/ Beer & Wine


Asking Price: $159,000

Asset Sale Description
DO NOT DISTURB EMPLOYEES - TOURS BY APPOINTMENT ONLY

Introduction:
Insert yourself in the beachside dining conversation along with some of Santa Monica’s most popular restaurants. 413 Santa Monica Blvd. rubs shoulders with Blue Bottle Coffee, Alla Antico, Wake N Late, and many others sharing a rich dining public in a market that simply put, exemplifies casual dining and tremendous foot traffic. Your surrounding by high rise apartments and a young energetic crowd that loves eating or or ordering in.

Description:
Florence Pan E Vino is warm and charming 1,619sf space with a full wine bar located in the heart of Downtown Santa Monica, adjacent to the Third Street Promenade in an historic architectural building, with exposed brick detail and high ceilings. It features a full kitchen only about 2 years old, a full basement for storage is included. Building tenants include Blue Bottle, Wake & Late (opening Summer ‘26) and MIXT, with new restaurants across the street include All’a Antica, Raising Caine's, and the forthcoming Taco Bell Cantina and surrounded by high-quality dining, hospitality, and retail options.

There’s easy access to 90 minute free parking in adjacent city garages, close to the 10 freeway, Pacific Coast Highway and the nearby Downtown Santa Monica Expo Line Station at 4th St and Colorado. The restaurant enjoys a high pedestrian traffic street frontage with a vibrant visible facade on corner property.

Facility:
The restaurant has a practically new production kitchen with a 10’ long hood, and comes fully equipped with a large compliment of state of the art top line FF&E, secure and dry storage, large prep station and wine bar and can handle just about any concept. I've attached a detailed package with pictures.

Location:
Downtown Santa Monica possesses a vibrant community of tech and creative companies situated in a unique beach-urban setting. In Downtown Santa Monica, you’re spoiled for choice. Grab coffee at Blue Bottle next door or Philz or Refinery on the way in. Power through some errands. Walk to the Pier or Ocean Ave. and “brown bag” it with an ocean view. Spin at Spincycle, John Reed or Equinox gym around the corner, and your pick of yoga, Pilates, Barre, boot camp, Orange Theory all within 1 block. Treat the clients to a Michelin class dinner at Orto, Elephante, or Tar & Roses across the street. It’s all here.

Downtown Santa Monica Customer - Dining intent/Customer Mix:
• Santa Monica diners prioritize Convenience, Quality & Authenticity, Ambiance;
• Santa Monica diners become repeat customers through strong “must-order items” and presentation;
• Close proximity to Venice and Santa Monica media + entertainment offices
Highlights & Features:
• Total Monthly Rent: $5,000.00/mo. through 5/31/2027
$7,500/Mo. 6/1/27 through 5/31/2032
• Long Term Lease: Expires 5/31/2032
. Percentage Rent: 6% over $1,000,000 sales annually
. Option Periods: 2 x 5 Yrs. each @ FMV w/ min. previous months rent vs. 6% max in Adj Yr., flat thereafter
. Seating: 49 Approx.
• Parking: Free City Parking Lot Behind Bldg.
. Fully Equipped Kitchen with 10’ Type 1 Hood,
. Extensive FF&E list included,
. Exquisite Wine Bar
. Romantic Outdoor Patio W/ Electrically Operable Roof
. Type 41 ABC License Included
. Major Dining Destination
. 2024 New Construction Remodel
Detailed Information
Years in Operation
2
Facilities & Assets
HIGHLIGHTS & FEATURES
*Fully Equipped Kitchen with 10’ Type 1 Hood,
*Extensive FF&E list included, multiple lowboys, sandwich stations, ventless pizza oven, 6 burner stove and oven, pasta boiler, 2 basket deep fryer, 3 double door 6' SS refrigerators, 1-single door 6' SS Freezer, espresso maker, 3 compartment sink, prepsinks, handsinks, SS prep tables and much more. Plans available
*Exquisite Wine Bar
*Romantic Outdoor Patio W/ Electrically Operable Roof
*Type 41 ABC License available
*Major Dining Destination
*2024 New Construction Remodel
About the Sale
Seller Motivation
Focus on other larger restaurants
Financing
Price Negotiable
Listing Info
ID
2495702
Listing Views
Attached DocumentsAttachment Disclaimer

Florence SM OM.pdf

Business Location

Contact Seller

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Business Listed by: Linnard Lane High Touch Properties Inc.

Listing ID: 2495702 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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