High-End Steakhouse in Los Angeles, CA

This is a unique opportunity to acquire a stunning, high-end steakhouse located in a prime Los Angeles beach city. Opened in 2020, the restaurant features a gorgeous buildout, state-of-the-art FF&E, and an extensive liquor and wine inventory, all included in the asking price. Despite navigating the challenges of Covid-19, the business has established itself as a premier upscale dining destination with a strong community following and excellent online reviews (4.6-4.7 on Google and Yelp). The sale includes a valuable 47 Liquor License. The current gross revenue is substantial, presenting an ideal opportunity for a new owner to enhance marketing and operations for increased profitability, or to pivot the concept. The business operates from a leased 5,480 sq ft location with a monthly rent of $19,974. It is supported by 10 full-time and 41 part-time employees. The asking price includes $144,825 in inventory, $459,600 in equipment and fixtures, $1,400,000 in leasehold improvements, and $2,000 in supplies.