Prime Los Angeles Restaurant

Los Angeles County, CA

Prime Los Angeles Restaurant
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Asking Price: $79,000

Cash Flow: $61,249

Gross Revenue: $1,367,297

EBITDA: N/A

FF&E: $75,000

Inventory: N/A

Rent: $13,485 per Month

Established: 2012

Prime Los Angeles Restaurant

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Business Description

This Los Angeles restaurant's location is in prime real estate; four demographics keep this location humming. Business clients come from the business district, the area is lined with affluent, densely populated residential buildings, college students frequent the area for dining and entertainment, and college faculty and staff visit the neighborhood day and night.

The space is completely up to date: 3 POS terminals, a gargantuan double hood, dual bathrooms, walk-in refrigeration, and rear entry for deliveries. The kitchen and dining room are well laid out, maintaining an open feel to the space while allowing customers to watch their food as it's made. The restaurant has excellent use of space: there is enough kitchen to keep up with the mealtime rush, while still maximizing dining room seating.

The founder has steadily grown his food service empire over the past seven years; however, between the restaurants and the catering business (which serves Southern California's most demanding, high-end, A-list clientele), he has become spread far too thin. It's difficult to grow effectively in both markets; restaurants and catering have different growth strategies. So the owner has decided to focus on his core catering, and put the restaurants on the market. He's looking for an experienced restaurateur to bring their growing, established brand to these signature locations.

The Seller has two signature, high traffic, high visibility locations; visit our website (BottomLine Business Brokers, listing #2398) to view the other store. Both buildouts are professional, with no corners cut. One lucky Buyer will step into a $450,000 signature buildout for 25% of the cost! The brand may also be available to the right qualified Buyer; discuss this option with the Agent. Rarely do such prime locations become available, but this Los Angeles restaurant is on the market today. If you've been looking to expand, this is the opportunity for you. Reach out to the Agent today!

Detailed Information

Location:
Los Angeles County, CA
Real Estate:
Leased
Building SF:
2,350
Lease Expiration:
11/30/2028
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Focusing on high-end catering
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Mark Pieter

Business Listed By:
Mark Pieter

BottomLine Business Brokers


Sponsoring Broker:
Bill Corley - BottomLine Business Brokers

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