No Rent Next 16 Years! Hot Hot LA Location-Very Attractive

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Asking Price:
$1,450,000

Gross Revenue:
$1,671,039
Cash Flow:
$128,604
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

No Rent Next 16 Years! Hot Hot LA Location-Very Attractive Rest & Beer Garden-Built in 2018

RRC#: 3347
Asking price: Offered at $1,450,000
Location: Los Angeles County
Annual Revenue: $1,671,039
Annual Cash Flow: $128,604
Monthly Rent: contact for info

Description:
Opened in 2019. New construction from the ground up! Over $1,500,000 in annual sales and growing! Bright and airy with high ceilings & walls of glass. ABC Type 41 license. Over $1,200,000 spent on the construction of the building, kitchen and patio garden. Featuring all new electrical, plumbing, HVAC, flooring, kitchen, bathrooms and handsome furnishings. They opened their doors in January 2019 and sales are increasing each month. Serving pub food, vegan items and craft beers with happy hour during the week and breakfast/brunch on weekends. Rent would be approximately $10,000 a month for this location. Lease allows for rent abatement for over next 15 years. No triple net charges. Parking for 5 cars plus street parking. Lot is approximately 5200 sq ft. Equipment includes: 12- Beer Tap Tower System with glycol machine, one-door reach in refrigerator, 20 quart stand mixer, 2-door True counter refrigerator, sandwich prep, 2 door
proofer, 1 door Duke double gas convection oven, 5 ft. maple top baker table, 4 drawer chef stand, 6 burner cook top, 2- 35 pound deep fryers, 2 gold metal waffle irons, 2 door reach in freezer ( off site), walk in freezer, walk in cooler, 3 Hagasaki state of the art on demand hot water heaters, 1 hot water booster, No-salt water, softening system, Quadruple reverse osmosis water filter, full drip irrigation system, state of the art grey water collection system, 4 built in Sunpack S-34 patio gas heaters, state of the art Russ-Sound system/ indoor and outdoor, 8 camera DVR security system, True 2 door bottle cooler, glass doors, double Espresso Machine Simonelli,
Espresso Grinder, True undercounter 1 door refrigerator, Bunn Brew Wise Dual Soft Heat Brewer with extra satellite warmer, Bunn Brew wise grinder, Bunn Ice Tea brewer, Ice O Matic undercounter 350 pound ice maker, reach-in ice cream freezer. Tables, chairs, patio furnishings.

General Information:
Organization: Corporation
Established: 2019
Current Owner: 2018
Employees: 26
Reason For Sale: other interests

Financial Information:
Monthly Revenue: $139,253
Monthly Cash Flow: $10,717
Annual Revenue: $1,671,039
Annual Cash Flow: $128,604
Payroll: contact for info
Monthly Revenue: $139,253
Monthly Cash Flow: $10,717

About the Business

Location:
Los Angeles, California

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Listing Info

ID:
1648761
Ad Detail Views:
382

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Business Listed by

Teri Craft

Restaurant Realty Company
License# 01345105

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View My 29 Active Listings
Sponsoring Broker:

Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA
Restaurant Realty Company
License# 00976818


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