Studio City Restaurant with Sidewalk Seating – Well Established!

Studio City, CA (Los Angeles County)

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Asking Price: $145,000

Cash Flow: $82,500

Gross Revenue: $678,384

EBITDA: $82,500

FF&E: N/A

Inventory: N/A

Rent: $3,114 /Month

Established: 1987

Studio City Restaurant with Sidewalk Seating – Well Established!

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Business Description

This Studio City restaurant with sidewalk seating has a storied history, with its diverse menu developed by an acclaimed chef at some of the area’s best known locations and venues. This very special restaurant does not fit into any one category. It’s known for its varied an innovative breakfast menu, but its soups, salads and sandwiches are also applauded and even carry certain superstitions with those ‘in the know’ within the community. And then of course there are its highly popular specialty items …

Detailed Information

Location:
Studio City, CA
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
N/A
Employees:
15 PT
Facilities:
This 1,100 square foot venue will lease for $2,964 per month plus $150 in common area maintenance fees (CAM). The lease expires in January 2025 with one 5 year option. All of the business’s furniture, fixtures, equipment and tremendous goodwill (including the name, menu, recipes, website, etc.) will be included in the sale. Inventory will be sold at cost at close in addition to purchase price.
Competition:
While competition exists at different levels in the immediate area for the variety of offering the venue provides, the place remains a customer favorite in its neighborhood and beyond for a number of its food items. With a following that started to develop prior the venue’s first location in the mid-1980s, the restaurant has a strong reputation.
Growth & Expansion:
New operators will likely want to capitalize on all of the restaurant’s best practices, while adding their own unique touches. This may include the addition of menu items or overall service offerings such as specialty coffees and bakery products, or service oriented enhancements such as increased delivery, catering or other options. Of course, with the years of celebrated recipes and developed best practices, new management may choose to use this location as a basis for a chain from which to open additional full-service, quick service or other types of locations.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Contact the Seller

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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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