* Included in Asking Price
Historic Restaurant & Property W/beautiful Grounds 2 Large Patios, $550000 Sales $6500 Gross Rent
Asking Price: $200,000
Location: Burbank Area, Los Angeles County, California
Yearly Revenue: $540,000
Yearly Cash Flow: Contact For Info
Monthly Rent: 6500 inclusive
This historic, former beer garden restaurant was originally opened in 1937. It is situated on an acre lot, in a canyon, with mature trees and lovely romantic grounds, with parking for guests and overflow parking for valet. This quaint restaurant''s main floor is 1475 sq. ft, seats 51 inside and is loaded with charm. Adjacent is a 1000 sq.ft patio that seats 28. Restaurant can operate daily from 7am-11pm. The additional 1528 sq ft. banquet hall/tavern has a capacity of 79 seats and an adjacent 1500 sq.ft patio that seats 60. The floor above the restaurant was previously a full residence and now serves as office space, storage and bathroom. The grounds are well maintained with gardening service 3 times a week. There is an outdoor water feature/stream that can be reactivated with a permit that circles the entire restaurant with bridges outside that lead guests to the outdoor restrooms. Due to restrictions, the banquet hall can be booked one night per week. CUP to be renewed every 5 years. Equipment includes: 12 Ft. cook line, hood, American Range grill, charbroiler, 5ft steam table, 6 burner stove top, convection oven, double door refrigerator, single door freezer, bun pan rack, True salad prep table, undercounter fridge, Bev Air, triple undercounter beverage cooler, ice maker, ice storage bin, triple comp sinks. Banquet room has 30 ft bar, undercounter bar refrigeration, glass washing sinks, ice storage, 4 booths, additional table and chairs and fireplace. Seller is landlord and will negotiate lease for well qualified buyer.
Organization: Corporation | Year Established: 1937 | Current Owner: 2005 | Square Footage: 6003 includes rest/banquet hall & 2 patios | Parking: Guest lot, plus overflow lot for valet | Licenses Required: Health Dept, ABC Type 41 | Days Open/Hours: Daily 11am-9pm Fri & Sat nights till 10pm | Reason For Sale: Other Interests |
Yearly Revenues: $540,000 |
Monthly Rent: 6500 inclusive | Lease Expiration: Owner to issue new lease | Yearly Adjustment: 2% | Lease Option: 2-5 year options | Security Deposit: yes |
Seller Reference #2655
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service
before responding to any ad on our website.