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

Los Feliz Area Restaurant With Patio & Parking

Location  California,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $2055175
Net Profit / Cash Flow  $367305
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2012
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

This well established absentee owned Los Feliz Area restaurant with patio and parking is the perfect opportunity for a an absentee owner who wishes to own a stable investment opportunity with a stable return on investment and a secure long term lease with nearly 20 years remaining at a favorable rate. This neighborhood and Greater Los Angeles hipster favorite is truly a turnkey business with a built in customer base and loads of personality. Asking Price $899,000. This 3,000 square foot restaurant with parking and a patio leases for a remarkable $5,200 per month on secure lease with 8 years remaining and 2 five year options, with 5% annual increases. All of the business's furniture, fixtures, equipment and inventory will be included in the sale. While there is no shortage of restaurants in the Los Feliz Area, few can match either the longevity or the market position of this neighborhood favorite. While there are ways to further increase this venues revenues, as the last few years have proven, the beauty of this opportunity is that its already quite successful, so if it's not broken, perhaps its best to not tinker with the magic formula! The most natural additions would include an expanded menu, opening additional locations or licensing or franchising the name. This restaurant caters to an array of customers but remains a favorite among the local hipsters; it could still stand to benefit from a ''late-night specials'' offering to cater to those hailing from the area's entertainment venue in the wee hours of the night and morning.

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