Downtown LA Turnkey Tapas Lounge with Full Liquor License

RRC#5337
Offered at $180,000
Location: Los Angeles County
Annual Revenue: Contact for Info
Annual Cash Flow: Contact for Info
Monthly Rent: $9232

Listing Description:

Live the dream in the DTLA Financial District! Blocks from the Crypto Center nestled in the O Hotel & Spa and next door to the Wayfarer Hotel. Completely built out and established TURNKEY tapas lounge. Take over the current concept of fusion tapas and smoked whiskey cocktails or bring your own! The perfect affordable entry for any chef or mixologist. This establishment has an industry high profit margin and ideally the new owner will continue to participate in a “hands on” style of ownership. There is a great opportunity to increase sales by extending hours (currently open less than 40 hours per week from 8pm) adding dinner, happy hour and earlier sports on the big screen projector. The kitchen can also be utilized for lunch service to the two hotels and implementing a delivery concept. The lease currently has 3 years left with two 5 year options which includes a full 47 liquor license and is allowable to open until 2am 7 days a week.Approximately 2,700 square feet, $9,232 including NNN. Equipment includes electric kitchen, VCS hood, walk-in refrigerator, grills, beer system, POS system, and much more.