Business For Sale. Restaurant 26; Bar

Located Just Steps To The Ocean On The High-Traffic Restaurant, Bar And Nightclub Area Of One Of La';s Most Wealthy Beach Cities, This Stylish And Intimate Dining Establishment Is Surrounded By Tightly Packed, Multi Million Dollar Beachside Residences. The Young, Wealthy Locals Who Walk Over For Dinner And Drinks Enjoy The Convenience And Don';t Mind Paying High-Anywhere-Else Prices For A Simple To Prepare Steak And Seafood Menu With Great Sauces. The Impressive Profit Margins Are A Result Of High Prices, Low Rent (2300 / Month), Dinner-Only Operating Hours (Open Just 32 Hours /Week) And The Simple-To-Cook Menu Which Eliminates The Reliance On Expensive Chefs. Of Tremendous Value Is A 22;Grandfathered22; 12 Year Old, Low-Restriction Beer And Wine License. It Is Now Nearly Impossible To Get This City To Approve New Alcohol Licenses. A New, Growth Oriented Owner Can Add Tremendous Profitability By Converting The Restaurant Into A Lounge After Dinner (Not Presently Being Done) And Capturing Overflow Business From The Neighboring High-Traffic Bars And Nightclubs. The Alcohol License Allows The Business To Serve Alcohol Until 2am. This Can Readily Be An Absentee-Owner Business Or Minimal Owner Involvement Business. Minimal Hour/Absentee Businesses Are Rare And Usually Sell Quickly. For more information, contact Hoke Nagahori at 310-539-8300.