This downtown Los Angeles restaurant is located in the heart of the Fashion District and boasts a conditional use permit (CUP) for liquor to be served until 2 am. The restaurant is ideally suited for downtown catering events and private parties as it includes a large kitchen and dining room, as well as a commercial loading dock easily accessible for deliveries and large vehicles. The liquor license is not included however a new buyer may purchase and transfer a Type 47 License, or apply for a beer and wine license with the ABC.
The restaurant's versatile layout could easily accommodate a sports bar, diner, cafe, or number of other full service restaurants as it includes a full bar, separate lounge, dining room (capacity 124) and wine storage room. This is an asset sale only; financials will not be provided.
Asking Price $65,000
This 4,000 square foot restaurant leases for $9,000 per month on a lease until February 2017, however a new lease will likely be negotiated. All of the furniture, fixtures, equipment and will be included in the sale. The Type 47 license is not included in the sale however a buyer may capitalize on the existing entitlement.
Competition is considered to be medium as other restaurants exist in the area, however this is a rare opportunity to capitalize on a fully built-out and entitled restaurant and bar at a fraction of the cost to reconstruct.
Many opportunities for growth exist. As the existing owner at one point was generating over $100,000 in monthly revenues, the restaurant has the potential to produce at that level again. The facility and location are ideal for a number of concepts including breakfast and lunch cafe, sports bar, salad based restaurant, diner (restaurant permit allows to serve until 4 am), and much more!