Profitable Food Court Restaurant in DTLA

Los Angeles, CA (Los Angeles County)

Profitable Food Court Restaurant in DTLA
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Asking Price: Get Financing: $215,000

Cash Flow: N/A

Gross Revenue: $600,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $7,888 /Month

Established: 2013

Profitable Food Court Restaurant in DTLA

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Business Description

Profitable downtown LA food court restaurant with potential to double sales and triple profits. Thousands of people descend daily on this food court located at the base of a high performing outdoor mall, adjacent to several DTLA high-rise buildings full of hungry lunch-time office workers. This 960 square foot restaurant has the best location within the venue of 11 other restaurants as it's the first one visitors see walking in the main doors. The kitchen has 4 hoods.

The seller's success at this location has significantly boosted his lucrative catering business and he has decided to focus on this business instead. Seller spent over $600,000 in building out this space!

5-years left on the original lease with two (2) 5-year options after that. Current total rent is $7,888/month after all NNN charges.

We will cooperate with other qualified agents and brokers.

Detailed Information

Real Estate:
Leased
Building SF:
960
Lease Expiration:
6/30/2023
Facilities:
First rate kitchen facility in a well thought out and designed food court right in the heart of DTLA.
Competition:
There are 12 restaurants in this highly popular food court.
Support & Training:
Seller will prove support and training.
Reason for Selling:
Seller to focus on lucrative catering business
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Tony Cordi

Business Listed By:
Tony Cordi

The Innate Group

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