Melrose Ave./la Brea Area Turnkey Restaurant For Sale

Description

Restaurant and bar on Melrose Avenue near La Brea in Los Angeles.

Space

• Interior: approximately 2,484 sq ft
• Private patio: approximately 434 sq ft
• Total seating: approximately 90
• Private parking lot
• Valet parking stated at $8

License and Hours

• ABC license: Type 47 stated
• Sunday through Thursday: 7:00 AM – 11:00 PM
• Friday and Saturday: 7:00 AM – 12:00 AM

The bar currently serves liquor, cocktails and wine.

Kitchen

• 2 Type 1 hoods
• Walk-in refrigeration stated
• Wood-burning pizza oven
• Prep kitchen
• Dishwashing area
• Grease interceptor
• Furniture, fixtures and equipment stated

Lease

• Current expiration: October 31, 2028
• Options: 2 additional 5-year options stated
• Base rent: approximately $8,343 per month
• NNN: approximately $1,885 per month
• Annual rent increase: 3% stated

Area

Nearby businesses named in the sale material include Benjamin, Carmel, Roots, Frankie’s, Mozza, Chi Spacca, Adidas and Palihouse Hotel.

The surrounding area also includes new residential, office, hotel and production developments stated.

Media

• Bravo mention stated
• Los Angeles Times mention stated
• Condé Nast Traveller mention stated

Other Details

• Location: Melrose Avenue near La Brea, Los Angeles
• Asking price: not provided
• Annual revenue: not provided
• Net profit: not provided
• Employee count: not provided