Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$525,000	Inventory
Gross Income	$1,080,000	Real Estate
Cash Flow	Not Disclosed	Year Established	2006
FF&E	N/A	Employees	6

* included in the asking price

** not included in the asking price

Great business for sale

This massive 3rd Street Restaurant, Bar and Lounge is ideally located on 3rd Street s coveted Restaurant Row in between La Cienega and La Brea. The 5,000 square facility boasts a recent $1.5 ml renovation, however the Seller s multiple successful business investments are forcing him to walk away from this one at a loss. Let his loss be your gain. This restaurant and bar / lounge are Las Vegas style ultra chic, but can easily be converted to any number of high end concepts, or at the priced its being offered for, even downgraded to a more casual concept! Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile not only indicating ability to purchase, but identifying where funding will come from. Requests for specific data without such will not be entertained, nor will responses such as Not Applicable, Bank Loan (without indicating % down), or Investors.

Facilities: The 5,000 square foot restaurant and bar leases for $16,000 per month including CAM, on a lease until October of 2011 with 2 five year option. The sale includes the furniture, fixtures, equipment (including an advanced point of sale system), Type 47 Liquor License, lease rate, established goodwill, as well as the tremendous investment the seller has infused into the facility s renovations over the past 3 years.

Competition: Do to this restaurant s prime Third Street location, it contributes to and benefits from its high-end neighbors. This facility, however, likely occupies a larger facility than the majority of its celebrated neighbors, while enjoying the benefits of its ability to serve full liquor thus providing it a competitive advantage and enabling it to capitalize on the after dinner lounge client segment seeking a lounge style atmosphere.

Growth/Expansion: With this restaurant and lounges size and liquor license, the sky is the limit in terms of the directions a buyer may seek to take this venue. A buyer may seek to continue to organically grow the business current concept, or more likely, capitalize on it and expand it via menu additions, public relations, and most importantly marketing and promotion.

Financing: Not Offered ... but owner may consider

Support/Training: Owner does not have the time to manager the restaurant, let alone train (thus the reason for the sale), however he will appoint a more capable party (e.g. his general manager) to train as necessary.

Reason Selling: Time Constraints brought on by other Investments