West Hollywood Restaurant w/Patio & Parking – On the Boulevard!

West Hollywood, CA (Los Angeles County)

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Asking Price: $125,000

Cash Flow: $34,279

Gross Revenue: $454,750

EBITDA: $34,279

FF&E: N/A

Inventory: N/A

Rent: $7,700 /Month

Established: 2017

West Hollywood Restaurant w/Patio & Parking – On the Boulevard!

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Business Description

This West Hollywood restaurant with an outdoor patio and onsite parking boasts a high visibility location ‘on the boulevard’ in the heart of West Hollywood. The venue has seating for approximately 20 persons inside and 10 on the outdoor patio. The customer area includes 2 reach-in display coolers and dry goods retail shelving, a deli display case, as well a coffee, juice and smoothie equipment, soup warmers, panini presses and a countertop oven and warmer under a spacious hood. The back of the house has a 2 door fridge and 2 door freezer, deli slicer, 3 bucket sink and separate manager’s office.

Detailed Information

Location:
West Hollywood, CA
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
5-6 PT
Facilities:
This 1,200 square foot venue leases for $7,192 per month plus approximately $508 in common area maintenance expense (CAM) on a lease until October 2022 with one 5 year option. While the name, menu and concept will not be included in the sale, all of the business’s non-brand specific furniture, fixtures and equipment will be included.
Competition:
This bustling corridor of Santa Monica Boulevard hosts a variety of concepts, leaving no shortage of competition. This location’s onsite parking lot(s), street front visibility and outdoor patio provide it a distinct advantage over several competing venues.
Growth & Expansion:
New operators may wish to implement any number of concepts in this versatile location. Everything from a take-out or delivery oriented fast food or fast casual food outlet may work, a deli, dessert or retail oriented concept may similarly thrive given the location’s attributes. Sushi should not likely be considered since there is a venue in the same complex.
Support & Training:
1 Week 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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