Downtown Restaurant w/High Foot Traffic - Innovative Location!

Los Angeles, CA (Los Angeles County)

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Asking Price: $40,000

Cash Flow: $75,000

Gross Revenue: $576,000

EBITDA: $75,000

FF&E: $10,000

Inventory: N/A

Rent: $5,000 /Month

Established: 2010

Downtown Restaurant w/High Foot Traffic - Innovative Location!

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Business Description

This downtown quick service restaurant boasts a high-visibility, high foot traffic location in an innovative food court style setting. Although the venue is successful this is an asset-only sale that will not include the brand name, concept or its related goodwill. The location boasts a varied mix of local residents, students, employees and visitors. As adjacent businesses are able to serve alcohol, patrons are able to enjoy such beverages in a convivial shared atmosphere. Any number of concepts may potentially similarly thrive in this coveted space.

Detailed Information

Location:
Los Angeles, CA
Real Estate:
Leased
Building SF:
200
Lease Expiration:
N/A
Employees:
6PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This food-court style venue has an approx. 200 square foot kitchen and sales counter, with shared dining facilities. 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 and equipment will be included in the sale.
Competition:
This venue’s unique atmosphere and location help to ensure a built-in client base comprise of returning customers that work, study, reside or otherwise visit the area, as well as tourist. New patrons are introduced to the venue daily. Competing venues exist with an array of food offerings that all operators benefit from, since this helps to ensure foot traffic and exposure while presenting groups a variety of dining options.
Growth & Expansion:
New operators may continue with the existing successful concept, or any future iteration of it, 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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