High End Steakhouse Available In The South Bay!

Business Overview:

Absolutely stunning High-End Steakhouse complete with Gorgeous Buildout, State of the Art FF&E, and a Liquor/Wine Inventory List to die for – all included in the sales price! Opened in 2020, this one-of-a-kind restaurant weathered Covid to emerge as one of the premier upscale steakhouses in a renowned Los Angeles beach city. The current owners spared no expense building out the space, hiring top notch personnel, and sourcing choice ingredients that all accommodate a true fine dining experience. The business has become a fixture of the community, entertaining numerous repeat steak lovers eager for a tantalizing escapade. The sizable annual gross revenue is undeniable, and now the opportunity is ideal for a new owner to put their personal stamp on marketing and operations for a more robust net at the end of each year. Or, a buyer could take advantage of the equipment and inventory, ushering the dining adventure in an entirely different direction. The sale also includes a 47 Liquor License, not to mention the mile long wine and booze inventory that comes along with it! Hundreds of organic Google and Yelp reviews are at a 4.6 and 4.7 rating respectively, proving the quality and IP are all there. The current sellers have achieved their dream of operating a fine dining eatery, and they are seeking other business opportunities, much to the benefit of a buyer with their sights set on a special location to wine and dine upscale clientele. General Manage yourself or operate as an Absentee owner. Either way, inquire now!

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Property Features and Assets:

This Asset Sale business has a leased location of 5,480 square feet with a total monthly rental of $19,974. The seller is active in business with 10 Full Time and 41 Part Time employees. Hours of operation are Tuesday - Thursday 5-9pm, Friday 5-10pm, Saturday 11am-2pm and 5pm-10pm, Sunday 11am-2pm and 5pm-9pm (Tuesday - Sunday). Included in asking price are $144,825 in inventory, $459,600 in equipment and fixtures, $1,400,000 in leasehold improvements, and $2,000 in supplies.

Reason for Selling:

Pursuing Other Business Interests

Additional Details:

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