Melrose Ave./la Brea Area Turnkey Restaurant For Sale

Description

Restaurant and bar asset sale on Melrose Avenue in Los Angeles, west of La Brea Avenue.

The interior is approximately 2,484 sq ft. There is also a private patio of approximately 434 sq ft.

Space

• Interior: approximately 2,484 sq ft
• Private patio: approximately 434 sq ft
• Permitted seating: 90 seats stated under the CUB
• Private parking lot on site
• Valet available at $8 per vehicle

Liquor License

A Type 47 ABC license is included in the sale.

• Full liquor service
• 2 bar wells
• Sunday–Thursday hours: 7:00 AM to 11:00 PM
• Friday, Saturday and holidays: 7:00 AM to 12:00 AM

Lease

• Current lease expiration: October 31, 2028
• Extension options: 2 additional 5-year terms
• Annual increase: 3%
• Monthly base rent: $8,343.47
• Monthly NNN charges: $1,885

Kitchen and Equipment

• 2 Type 1 hoods
• 1 hood rated for open flame
• 2 walk-in refrigeration units
• Wood-fired pizza oven
• Prep kitchen
• Dishwasher area
• Grease interceptor

A full FF&E list is available upon request.

Area

The restaurant is on Melrose Avenue near La Brea Avenue.

Nearby businesses listed in the sale material include restaurants, retail stores, hotels and entertainment venues.

Several residential, office, hotel and production developments are also listed within the surrounding area.

Other Details

• Sale type: asset sale
• Asking price: not provided
• Revenue: not provided
• Profit: not provided
• Employee count: not provided
• Exact address: not provided