Bar & Restaurant For Sale Downtown Los Angeles

Asking Price$305,000

Cash Flow
$180,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$360,000

Inventory$15,000
Not included in asking price
FF&E$15,000
Included in asking price
Real EstateNot Disclosed

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Bar & Restaurant For Sale Downtown Los Angeles


Asking Price$305,000

Cash Flow
$180,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$360,000

Inventory$15,000
Not included in asking price
FF&E$15,000
Included in asking price
Real EstateNot Disclosed

Business Description
Bar Restaurant (Tapas Lounge)
Dive Bar and Restaurant, Open and Operating, Basement of the O Hotel, Trademark Collection by Wyndham, Downtown Los Angeles.
Type 47 Hard Liquor License to 2AM, served with food is tied to the Property and Lease which will be transferred to the Buyer upon an approved Purchase Agreement and Property Owner approval by and between Seller, Buyer and Property Owner. Health Department approved.
Permits and Licensing to be Delivered and Transferred: Certificate of Occupancy (C of O), Health Department permit, Type 47 license. To include, the “Brand, Recipes, Menu, inventory” included with the Purchase. NO CO-BROKERING
About the Business
Years in Operation
1
Employees
5 (3 Full-time, 2 Part-time)
Facilities & Assets
Fully Loaded. Furniture, Fixture and Equipment (FF&E)List will be drafted upon entering into a Purchase Agreement,.
Website
https://penthouseadvisors.com/restaurants-for-sale-los-angeles-county/
Market Outlook / Competition
Mild. Neighboring area have multiple bars within a close proximity.
Opportunities for Growth
Strong
About the Sale
Seller Motivation
Flipping
Transition Support
Yes
Financing Options
All Cash
Listing Info
ID
2432380
Listing Views
Business Location

Contact Seller

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Business Listed by: Roschard Paticchio-Stein Penthouse Advisors INC

Listing ID: 2432380 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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