Downtown Los Angeles Fast Casual Restaurant w/Liquor!

Los Angeles, CA (Los Angeles County)

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Asking Price: Get Financing: $50,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Lease Rate: N/A /SF

Established: 2015

*not included in asking price.

Downtown Los Angeles Fast Casual Restaurant w/Liquor!

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Business Description

This Downtown Los Angeles fast casual restaurant boasts a full bar with liquor and a tremendous and highly flexible buildout. While not currently used, the conditional use permit may even allow for live entertainment (thought no dancing). This venue is located in a popular high traffic area of downtown Los Angeles’s financial district (as opposed to Little Tokyo, the Arts District, the Fashion District or the Spring Street enclave). This venue is being offered at a fraction of the amount that any new buildout would cost, yet comes with 2-3 hoods and a Type 47 Liquor License (valued at more than the asking price). The venue has plenty of hood space in an open kitchen set up. It has seating for 143 patrons.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,361
Lease Expiration:
N/A
Facilities:
This 4,361 usable square foot (4,891 rentable) location leases for $17,890 per month plus approximately $3,000 in triple net (NNN) on a lease that is valid through August 2023 with 2 – 5 year options at fair market value. All of the business’s furniture, non-branded fixtures, equipment and Type 47 liquor license with a condition use permit that allows for restaurant service until 2 am on weekends will be included in the sale. The venue’s name, exact concept, branding and brand related fixtures and associated goodwill will not be included. $5k - $10k in liquor inventory will be sold at cost.
Competition:
Downtown Los Angeles is popular high traffic area, particularly during the weekday lunch crowd rush. This venue’s prime location, high traffic area, bar with liquor entitlements, provide it several competitive advantages for the right concept.
Growth & Expansion:
New operators may capitalize on this facility’s tremendous location, expensive build-out and liquor (and perhaps even live entertainment) entitlement’s to launch any number of concepts that may thrive in the bourgeoning Downtown Los Angeles business, education, and residential communities.
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 International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. 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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