This Calabasas area restaurant and lounge boasts a customer embraced fine dining concept with an upscale buildout, a large wine room, an indoor and an outdoor bar, a spacious outdoor patio as well as live entertainment! The sophisticated venue also has a spacious chef-friendly kitchen with a large walk-in cooler and all of the necessary equipment for any number of concepts.
This 6,400 square foot restaurant leases for $11,000 plus $3,000 in Common Area Maintenance (CAM) Expenses per month on a lease that expires in 2019 with 2 five year options. All of the business's furniture, fixtures, equipment and Type 47 Liquor License as well as any permits associated with live entertainment will be included in the sale. Approximately $15,000 - $20,000 in inventory will be sold at cost at close.
While competition exists in this popular area, this venue has carved out a unique market niche with its fine dining concept that separates it from nearby dining and revelry options, thus limiting direct competition.
New operators may wish to take this extraordinarily well-appointed venue in any number of directions. While they will need to modify the name, menu and website, new management can still build upon the current concept, or they pay prefer to capitalize on the versatile build-out and location to launch any number that could potentially thrive in this indoor and outdoor location.
Training: 2 Weeks at 20 hrs/wk
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