High End Restaurant & Bar

Asking Price: $ 1,300,000
Type of Business: Restaurant and Bar
Location: Los Angeles County
Hours of Operation: 11 am – 9 pm Monday – Friday
Gross Sales: $ 1,725,000 annually
Adjusted Net Profit: $ 400,000 annually
Total Rent: $ 12,050 Base Rent
NNN: $ 2.950
Length of Lease: 7 1/2 years
Options: 5 + 5 years
Sq. Ft. 8,737
Number of Employees:
Full time:  12       Part-time:  13
Payroll: $ 37,000 mo.
Insurance: $ 2,500 mo. inc. workers comp
Gas: $ 825 mo.
Electric: $ 3,400 mo.
Water: $
Phone: $ 250 mo.
Trash: $ 600 mo.
Internet and TV: 700 mo.
Cost of goods: N/A
Business description.

Large, Beautiful Restaurant and Bar. Freestanding building located next door to a high rise office building. Business persons lunch and dinner location. Lots of offices and businesses surrounding this very busy location. Currently only open Monday – Friday for lunch and dinner. There is a big opportunity to open weekends for a nightclub venue. Seller currently opens for the nightclub weekends sporadically. Promoters pay about $5,000 per night to use this venue. Think about the extra revenue available to the new buyer. This one is a must see.