CORP BRIEF ABOUT US
Penthouse Advisors INC., a Family Owned Corporation Buys and Sells Restaurants throughout Los Angeles County. Represents Restaurant Owners, Restaurant Buyers, Commercial Property Owners (landlords) with a highly motivated, “Do It Now” agenda. Call, Text Office M 310-663-3521 for information, help or assistance with any of the below Full Services, Thank you. Penthouse Advisors INC., has created a “Full Service Corporation” when Selling and Buying Restaurants while representing Sellers and Buyers under contract. We make sure our Buyers are never left stuck in odd, expensive, non disclosed Health Department code compliance demands, Permit upgrades, illegal installations and non permitted repairs, prior to lease signing. Example, (A. When Purchasing a Restaurant with the intent to sell Beer and Wine and later finding out it is not possible to apply for or transfer the Type 41 license. B. Immediately after lease signing, upgrading the Kitchen Equipment prior to a Health Department Inspection and later finding the equipment Red Tagged by the Health Department. C. Immediately after lease signing, upgrading an Old out dated Restaurant out of current Health Department code compliance and finding that changing the existing floor plan canceled out and voided the Grand Father protection forcing LADBS Building & Safety when reviewing new permitting to have the Restaurant brought up to current code and ADA compliance which could cost tens of thousands of dollars). We cover New Lease Negotiations with Rent Abatement Allowances prior to lease signing. All permit activity at the premises, Health Department inspections and permits upon lease signing, CUB Conditional Use Beverage Permits and or alternate permitting activity and requirements for Restaurant Alcohol Licensing within Los Angeles County, Type 41 Beer & Wine licensing, Type 47 Hard Alcohol Sales, Transfers and Licensing, Buyer assistance with Sellers Permit applications, employee and manager Food Handling certificates, setting up the POS System, Business License, EDD, CDTFA and FTB, Restaurant upgrades, Repairs, Remodeling, New Equipment installations in Health Department Code Compliance, performed by our Licensed, General Contractor, supervised and signed off by Penthouse Advisors INC.
Corporation Protocol
Hidden disclosures found and uncovered through our investigations are conveyed clearly for understanding and mutual agreement before moving forward. We represent all parties fairly, equally, honestly throughout each transaction. We go out of our way to develop workable relationships with the Seller, Buyer, Commercial Property Owner (landlord) or Retail Property Manager.
Full Service Details
- ABC Alcohol Licensing All Restaurants: Specialists in ABC Alcohol Beverage Control Licensing Restaurants with “Type 41 Beer & Wine, Type 47 Hard Alcohol” in conjunction with Los Angeles County.
- Health Department Restaurant Pre-Inspections: We Specialize in Restaurant (open or closed) Health Department Pre-Inspections for non compliance. Establish and supervise all required repairs in code compliance followed by setting up appointments with the assigned Health Department inspector for final site inspections to generate permitting and facilitate ID issuance.
- Restaurants Closed over 90 days or Health Department Violation. Our Hand Drawn Blueprints are prepared for submission to Health Department Plan Check for stamped approval, prior to any changes are made. Blueprint Drafting. The floor plan, site plan, reflected ceiling plan, elevations of the Hood and cook line, elevations of the prep sink and drain line as required by Health Dept Plan-Check for approval and stamping. Stamped Blueprints must be in place prior to any Gas Equipment is installed under the hood, Restaurant Remodeling or Alterations commences.
- Restaurant “Red Tagged” Equipment-Under The Hood: As Fast As Possible, we supply our Hand Drawn Blueprints as required by Health Dept Plan-Check for approval and stamping followed by setting up a Health Department site inspection appointment to remove the Red Tagged Equipment and update the Window Sign to A.
- Restaurants “For Sale”: We are expert Restaurant Business Brokers with Asset Sale key money negotiation. Restaurant Business Sales Pricing off the monthly Monthly Gross Sales. Second Generation, vacant, fully Equipped Restaurant lease only $0 key money, deals.
- Restaurant “Acquisitions” with an Existing Lease: Prior to lease signing, the Buyer must reimburse the Sellers security deposit held in trust by the Property Owner. Firstly the Buyer’s Bank Statement and Credit Report is submitted to the Property Owner for review and approval followed by “New Lease” negotiations or “Assignment of Lease” take over instructions.
- Rent Abatement Allowances: We Negotiate “Rent Abatement” allowances on new leases drafted for our Customers, swapped out with Tenant Improvements.
- Restaurant Business Management Dilemmas: We establish customized, quick Resolutions with workable solutions.
- Equipment Installed under the Hood: Our Licensed, Bonded, General Contractor is instructed to pull express permits prior to Gas Equipment installations. A Health Department Code Requirement.
- Restaurant Repairs, Remodel, Alterations: All construction work is performed by our Licensed GC. All permits are signed off by Building & Safety inspectors as a requirement for Health Department permit issuance. (separate agreement).
- Hood Inspections: A receipt by our Hood Fire Inspection for the Insurance Company is generated listing the work performed and findings. Hood condition checked. Hood Shaft to the roof checked for Grease Cleaning. Return air “swamp cooler on roof” checked; belts, motor, exhaust flow. Hood Fire extinguisher feeding the Sprinkler System, tag checked “expiration date”. Silver Kitchen fire extinguisher tag checked “expiration date”. Dining Area Red fire extinguisher tag checked “expiration date”. Backside of the Hood filters checked for Grease. Hood Cable and Hood “Link dates” behind the Hood Filters are checked.
Corporation Owners
*Roschard Paticchio Stein CEO, Owner, Business Agent dre #02203003. Restaurant Alcohol Licensing for Public Consumption. Health Department Restaurant Pre-Inspections. Exclusive Listings, Sales, Acquisitions, Leasing Restaurants, Coffee Shops, Bars, Markets, Retail Businesses. Residential Exclusive Listing upon special request.
*Richard Stein COO Supervisor, Business Advisor, Creator, Owner/Partner. Restaurant Alcohol Licensing for Public Consumption. Restaurant Health Department Pre-Inspections. Business Advisor for Restaurant, Coffee Shop, Bar, Market, Retail Business locations, sales, acquisitions, leasing.
* Rosanna Paticchio CFO, Owner, Broker of Record dre #02332697 Reviews & Supervises all Business and Asset Sale, Purchase agreements, Listing Agreements, addendums, assignments. Rosanna Paticchio is in charge of all MIS, Exclusive, Residential Listing agreements, Purchase Agreements and addendums. Rosanna acts as the Corporation, top MLS, Contract Coordinator in preparation for Smooth Escrow closing.