This Silver Lake restaurant with beer and wine is located in the heart of the community's evolving entertainment and dining district. This opportunity is in a prime location on a major thoroughfare, includes parking and excellent visibility, and is surrounded by Silver Lake's newest hotspots. Silver Lake and Echo Park operators continue to produce successful restaurant concepts which naturally create a built-in customer base seeking out high quality, offbeat establishments. This restaurant provides a new owner an excellent opportunity to enter the Silver Lake market at a bargain price. The current beer and wine license permits for sales up to 10 pm nightly.
This 1,200 square foot facility leases for $4,425 per month and expires in December 2012 with an option to renew for an additional five years. The sale includes all the assets of the business including the furniture, fixtures, kitchen equipment, beer and wine license and goodwill.
Competition is medium as other restaurants exist in the area, however Silver Lake is consistently one of the city's fastest growing communities with a strong demand for new restaurant and eating facilities.
The business has a lot of potential and room to grow. This location's exposure will provide an owner with a built in traffic base via Sunset Blvd. Concepts in demand include pizza, Italian, Indian, Mediterranean, Sushi or Japanese, sausages houses, burgers, breakfast and diners, among many others.
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|Sector:||Accommodation & Food Services|
|Classification:||United States // Pacific States // California // Los Angeles|
|Sales:||Between $100 Thousand And $500 Thousand ($174,000)|
|Profits:||Under $100K ($28,900)|
|Profit Type:||Seller's Discretionary Cash Flow (SDCF)|
|Asking Price:||Less than $100K ($99,000)|