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Customer Embraced Downtown Restaurant – Innovative Setting!

Los Angeles, CA (Los Angeles County)

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Asking Price: $175,000

Cash Flow: $75,000

Gross Revenue: $576,000

EBITDA: $75,000

FF&E: $10,000

Inventory: N/A

Rent: $5,000 /Month

Established: 2010

Customer Embraced Downtown Restaurant – Innovative Setting!

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Business Description

This customer-embraced downtown restaurant boasts an innovative setting in a highly popular location. The concept’s popularity has resonated with its loyal client base, which is comprised of a healthy mix of local residents, students, employees and visitors. Any number of concepts may potentially similarly thrive in this high foot and drive by traffic, high visibility location.

Detailed Information

Location:
Los Angeles, CA
Real Estate:
Leased
Building SF:
200
Lease Expiration:
N/A
Employees:
6 pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This venue has a more than enough kitchen, food preparation, dishwashing and sales counter and customer dining space to successfully operating in its unique location. The kitchen has a grill, deep fryer and the necessary equipment for the business to be self-sufficient. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. Its inventory will be sold at cost at close in addition to the purchase price.
Competition:
While competition exists in the area for similar fare, this venue’s unique atmosphere and location provide it the draw for its client base. Competing venues exist with different food offerings however all operators benefit from this as it brings customers to this area with a high concentration of various options.
Growth & Expansion:
New operators may continue to operate with the existing brand or any future iteration of it, which has already proven successful or they may choose to capitalize on the prime high visibility, high foot traffic location to implement their own food concept.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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