This downtown Los Angeles restaurant is the perfect opportunity for a new owner looking for a turn-key, easy to run business in a prime, established location in the thriving Chinatown district. This restaurant contains a full kitchen, walk-in cooler, two restrooms, dining area and parking. The location offers easy access to other downtown districts as well as the nearby metro station.
Asking Price $49,000.
This 1,500 square foot restaurant leases for $4,774 per month on a lease expiring in December 2014 with 1 - 5 year option. All of the businesses furniture, fixtures and equipment will be included in the sale. An estimated $3,000 in inventory will be sold at cost at close in addition to the asking price.
Competition is at a medium as other restaurants of this type exist in the area, but this business boasts prime visibility, excellent metro access and offers free parking.
There are numerous ways in which a new owner could grow this business. As the current owner does not maintain a website, engage in social media, or have any advertising in place, a new owner could greatly benefit from implementing those practices. They may also seek to expand hours while incorporating delivery and catering options to boost sales.