This Downtown Los Angeles fast casual restaurant is located in a prime up and coming area. The business is surrounded by a number of new apartment buildings and luxury condominiums, with more under construction underway. As the location provides direct access to the center of downtown's financial hub, and the population density increases in the adjacent residential high rises, the venue is positioned to be one of a few restaurants that will be able to capitalize on the limited dining options. The restaurant was recently built-out and is ideally outfitted with two hoods, a walk-in refrigerator and freezer, and a large dedicated sidewalk patio. It currently does not have a beer and wine license however one should be obtainable as it already has two (handicap accessible) restrooms.
Asking Price $139.000.
This 1,780 square foot facility leases for $4,388 per month, plus $1,120 in CAM expenses, on a lease with 5 years remaining and two 5 year options. All of the business's furniture, fixtures and equipment are included in the sale. Inventory estimated at $5,000 will be sold in addition to the purchase price at cost at close.
Competition is considered to be low for this business as there are very few restaurant options available. The area has been slowly developing over the last five years and now boasts a high concentration of residences. As such, high profile businesses are beginning to make their way into the community, and well known restaurants are vying for the limited space availability.
There are many ways for a new operator to capitalize on the built-in customer base, and near certain continue growth. Although one may continue with the existing concept, a number of other concepts could also be ideal due to the limited evening restaurant options available. These may include concepts such as salads, fish, pizza, Indian, Mediterranean, Japanese (sushi and/or ramen), Thai or several others.