Business Summary:
This well established Westwood restaurant and bar with full liquor and two patios is ideally located on popular Westwood Boulevard (South of Wilshire – not in Westwood Village and not directly adjacent to the U.C.L.A. campus). This restaurant boasts two patios, a service bar providing for alcohol along with food service, a spacious kitchen, separated dining areas, a manager’s office, separate employee rest room, and a parking lot with additional spaces on lease. This restaurant has been a neighborhood favorite for decades, and can continue to thrive under its current concept, or under a modified concept.
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| Year
Business was Established: 1994 |
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| Number of Employees:
10 PT |
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| Facilities / Terms of Lease:
The 2,640 square foot facility leases for $7,000 per month on a lease until 2013, with options to be negotiated during the sale. The sale includes all of the business assets (except for a few minor items), including a fully built out bar and seating for over 90 patrons (over 70 indoor). The liquor license is included and will transfer in the sale. |
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| Potential
Growth/Expansion:
A new owner may seek to capitalize on the business’s full liquor license and patios by promoting a more extensive drink menu and cocktail-oriented food offerings. They may also seek to convert a portion of the facility to a private dining room for large families or special events. |
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| Competition:
The corridor of Westwood Boulevard, between Wilshire and Pico, is a highly popular area for formidable bar and restaurant venues. As such, competition naturally exists. This business has a natural competitive advantage due to its decades of goodwill, parking availability, full-liquor license, and its ease of access to the U.C.L.A. Campus, the 405 Freeway, and several additional major throughways. |
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| Owner
willing to finance:
Not Offered |
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| Owner
willing to train:
2 wks at 20 hrs/wk |
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| Reason for selling:
Retirement |
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Seller Reference Number: WestAlian
BusinessMart.com Listing Number: 69322 |
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