West Los Angeles Area Quick Service Restaurant – Onsite Parking!

Los Angeles, CA (Los Angeles County)

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Asking Price: $125,000

Cash Flow: $80,000

Gross Revenue: $600,000

EBITDA: $80,000

FF&E: $25,000

Inventory: N/A

Rent: $4,712 /Month

Established: 2013

West Los Angeles Area Quick Service Restaurant – Onsite Parking!

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Business Description

This West Los Angeles Area quick service restaurant boasts a popular corner location in a busy, high visibility shopping center with excellent street exposure and plentiful onsite parking. The venue has an open kitchen layout with a combination oven, skillet and stove, 2 - two bucket deep fryers, salad prep, under counter refrigerators, reach-in and stand-up freezer, a walk-in (used for storage), panini presses, deli counter, slicer, soup warmers, a food warmer, 3 salad prep tables as well as additional prep tables, and much more.

Detailed Information

Location:
Los Angeles, CA
Real Estate:
Leased
Building SF:
1,250
Lease Expiration:
N/A
Employees:
8pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 1,100 square foot facility leases for $4,712 per month on a 10 year lease that expires in October 2022 with two 5 year options. The business also enjoys 150 square feet of additional dry storage space included in the lease. All of the business’s non-branded furniture, fixtures and equipment will be included in the sale. As the venue is part of a small chain, its name, menu and other goodwill components (intellectual property, recipes, POS system, or small wares and 2 door fridge) will not be, though a buyer is certainly able to introduce their own somewhat similar concept to the space in order to potentially retain a sizeable portion of the established clientele.
Competition:
While competition for a variety of quick service and fast casual dining options exist in the area, this location provides the restauranteur a significant advantage as a result of its central location, strong visibility, high foot traffic shopping center and abundance of onsite parking. As a result of these factors coupled with the area’s ideal resident, employee and commuter demographics, the location has many of the key attributes critical for success.
Growth & Expansion:
The current concept is a breakfast and lunch oriented 5 day concept with a solid delivery component, but the location and area demographics lend themselves to any number of dine-in, take-out or delivery oriented possibilities.
Support & Training:
1 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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