9,300 SF DTLA 2nd Gen. restaurant + 960SF patio - seats 300 people
Asset Sale Description
Located In Downtown Los Angeles Historic Core, the space is housed in a Historic building, built at the beginning of the XXth Century.
Renovated into a luxurious space in the early 2010's at no spare cost, this restaurant has a ground floor at street level with its bar, plus a round around mezzanine with its own bar.
During the day it is a beautiful oasis, tranquil & bright, but at night it transforms into an upscale fine dining restaurant, bar, lounge.
This sale includes the ABC 47 that includes DJ entertainment, all the Furniture, Fixture & Equipment (FFE), the leasehold improvements and more. The value of the abondant assets is higher than the ask price.
RENT - Great rent rate
2 options:
Base rent of $22,000/month + 9% percentage rent. = $1.75/SF/mo + 9% rent
or rent of $33,314/month = $2.39/SF/month
LEASE - There is a lease through May 2027 in place + two five-year options, however, the Landlord will provide
a New Lease to a qualified tenant.
Renovated into a luxurious space in the early 2010's at no spare cost, this restaurant has a ground floor at street level with its bar, plus a round around mezzanine with its own bar.
During the day it is a beautiful oasis, tranquil & bright, but at night it transforms into an upscale fine dining restaurant, bar, lounge.
This sale includes the ABC 47 that includes DJ entertainment, all the Furniture, Fixture & Equipment (FFE), the leasehold improvements and more. The value of the abondant assets is higher than the ask price.
RENT - Great rent rate
2 options:
Base rent of $22,000/month + 9% percentage rent. = $1.75/SF/mo + 9% rent
or rent of $33,314/month = $2.39/SF/month
LEASE - There is a lease through May 2027 in place + two five-year options, however, the Landlord will provide
a New Lease to a qualified tenant.
Detailed Information
- Years in Operation
- 13
- Facilities & Assets
- 9,300 SF restaurant with a ground floor and an all around mezzanine, 2 bars, private offices, + approx. 960 SF outdoor patio, and a 305 SF boutique or food market (which could be take-out, or selling your products, possibly a coffee shop/bakery, etc.)
This location is an absolute gorgeous space with stunning architecture, sumptuous furniture, and fully equipped kitchen
Seats 300 people.
Continue the concept or bring your own.
Remodeled at a cost over $4M
List of equipment on demand.
About the Sale
- Transition Support
- As needed
- Financing
- Prospective tenant needs to provide financials
Listing Info
- ID
- 2342256
- Listing Views
- 490
Listing ID: 2342256 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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