Description

This well-established restaurant with a beer and wine license, onsite parking and patio operates from a prime Silver Lake area location. The restaurant has developed a loyal customer following over the past 20 years. The facility has excellent street front exposure with high visibility and an ideal location that allows it to capture a ton of foot traffic. The continued development of Silver Lake and Echo Park make this a unique opportunity for a new owner to capitalize on the tremendous potential the area provides.

This restaurant leases for $6,653 per month on a lease that expires in 2018 with one 5 year option. All of the business’s furniture, fixtures, equipment and the beer and wine license will be included in the sale. Inventory will be sold at cost at close in addition to the asking price.

Due to the popularity of this area, competition is considered to be high. This business, however, has built a loyal following over its 20 years in business and boasts a highly coveted beer and wine license which not all nearby restaurants can offer.

The current owner has done a great deal to maintain and build upon clientele. They are active on social media, but a new owner may seek to expand on this to continue to grow the current concept, or implement one they already have.

Posted Jul 24, 2015

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