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Businesses For Sale   >>   Restaurants and Fast Food (Non-Franchise) Businesses For Sale

Mid-Wilshire Area Restaurant With Patio

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $720000
Net Profit / Cash Flow  $50000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2013
Number of Employees  20 - 34
Inventory  40000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

This newly built out Mid-Wilshire area restaurant with a patio provides its buyer an ideal location for any cafe, bakery, organic / healthy food, or any other concept at a fantastic price as the name, menu and exact concept will not be included in the sale. The well-appointed facility boasts a large kitchen that could be ideal for catering or delivery, plenty of indoor and patio seating, and great street visibility in one of the city's most sought after areas for both walk traffic and commuters. Asking Price $135,000 This 2,085 square foot restaurant leases for $7,900 per month including common area maintenance (CAM) expenses on a lease with 4 years remaining and 5 - 5 year options! It is estimated to have occupancy for 60 inside and 25 on the patio. All of the business's furniture, fixtures & equipment, including walk-ins, will be included in the sale. The trade name, website, menu, recipes and brand will not be included. Competition naturally exists in this highly desirable area however this venue is able to capitalize on its prime street location, which constantly helps it draw a crowd - especially during weekend breakfast and lunch hours. A new owner may seek to expand on the social media outlets this business has already created, and been active in, by implementing search engine optimization, pay per click, and twitter based promotions and additional marketing technique. They may also seek to expand weekday hours to offer breakfast, bakery items and coffee based specials to draw in the work crowds on their morning commute to further capitalize on their prime street location.

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