RESTAURANT FOR SALE - SANTA MONICA, CA 90405
Purchase Price: $385,000.00
Size: Approx. 1,600 rentable sq. ft.
Seats: Approx. 65 seats
Lease Term: March, 1, 2021
Option: 5 year option – tenant extends to March. 2026
Rent: $7,803.00 per monthly includes the triple nets.
Type 41 Beer & Wine License: If the Buyer wants this license the Key Money is $350,000.
Type 47 Alcohol License: If the Buyer wants this license the Key Money is $385,000.
Outdoor Dinning: There’s approx 10 outdoor seating in front of the restaurant.
This is a separate license agreement with the city of Santa Monica. Cost is approx. $129.00 per month.
Inceases: 2% annualy