Asking Price: $499,000 Gross Revenue: $3,000,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $10,000 not included in asking priceFF&E: $100,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This Beverly Hills restaurant and lounge boasts a full bar and open air lounge with liquor, an indoor / outdoor patio, parking, entertainment and an attractive long term lease. The venue is in one of the most coveted and post prestigious Golden Triangle locations available. It is reported that $5 million was invested in its truly spectacular build-out.
About the Business
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Mo.:
This prominent 5,587 square foot location will lease for $27,655 per month plus $9,000 in monthly triple net (NNN) expenses on a new 18 year lease. There will also be a 6.0% of gross over a natural $461,000/month breakpoint, which equates to approx. $5.53 million per annum. The current tenant has a parking arrangement for 59 in lieu parking spaces for an additional $86k per annum with the City of Beverly Hills, though this is subject to change. The venue has an approx. 244 patron occupancy, with the ability to host private events in a semi-private dining room. $10,000 in wine and liquor inventory will be sold at cost at close.
Beverly Hill’s Golden Triangle is renowned worldwide for its world-class shopping, hospitality and dining options. As such, strong competition exists for all varieties of dining and entertainment options. With that said, this venue’s distinguished location amongst the best of the best will allow the restaurateur, chef or their brand to operate a flagship-style location in one the world’s most celebrated dining corridors.
Growth & Expansion:
New management can capitalize on this versatile build-out to implement any number of dining and entertainment driven concepts. The venue may be a signature location for a new concept or one of an existing restaurant chain’s crown jewels.
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
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