Successful money making restaurant/banquet hall and Grocery for sale.

Hollywood, CA (Los Angeles County)

Could be like this
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Asking Price: $1,399,000

Cash Flow: N/A

Gross Revenue: $1,220,000

EBITDA: $345,000

FF&E: $725,000

Inventory: $15,000

Rent: $14,900 /Month

Established: 1993

Successful money making restaurant/banquet hall and Grocery for sale.

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Business Description

This gorgeously structured restaurant and banquet hall is located in the heart of Hollywood, which is one of the busiest cities in Southern California and a city known for huge tourist attractions. The restaurant/banquet hall draws customers year-round due to its beautiful interior, inviting ambiance and high street visibility. It is also well known for their delicious food and friendly service.
Grocery store owned by the same owner is included in the same price. Great, money making opportunity for any ambitious buyer.
The 4,000 sq. ft. restaurant and banquet hall is the perfect setting for any type of event that can accompany an approximate of 142 to 180 guests with plenty of parking for guests. It is equipped with high-end front and back of the restaurant/banquet hall furniture, fixtures and equipment. Along with the state of the art kitchen setup with several large walk-in coolers and freezers as well as ample storage space.
This restaurant/banquet hall is well-established and rooted surrounded by a growing commercial and residential area. In operation for over 25 years, the owners have made and maintained customer service and quality cuisine a top priority. Ownership is retiring after 30 years in the same business. Seller is looking for ambitious, serious and all cash buyer. Seller will stay for 30 days training of new owner and to help be similarly successful and much more.
Seller is looking for all cash buyer with ambitions and great ideas to double or triple the business income. Possibilities are endless.

Attached Documents


Detailed Information

Location:
Hollywood, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This gorgeously structured restaurant and banquet hall is located in the heart of Hollywood, which is one of the busiest cities in Southern California and a city known for huge tourist attractions. The restaurant/banquet hall draws customers year-round due to its beautiful interior, inviting ambiance and high street visibility. It is also well known for their delicious food and friendly service.
Competition:
Great for Thai Restaurant, any Franchise restaurants, Nightclubs.....in the heart of Hollywood.
Growth & Expansion:
Unlimited with an ambitious buyer/owner.
Support & Training:
30 Days
Reason for Selling:
Retirement from business
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Contact the Seller

(from currently available funds)
 
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Ludwig Parsamian, Ph.D, Broker, CRS

Business Listed By:
Ludwig Parsamian, Ph.D, Broker, CRS

City Center Realty Group

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