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

Hollywood Blvd Fast Food - Prime Street Frontage

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $307407
Net Profit / Cash Flow  $66166
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2002
Number of Employees  4 - 5
Inventory  20000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  TBD
Reason for Sale  Personal

This quick service fast food restaurant is ideally located in one of the most active corridors of Hollywood Boulevard. With this prime location, this restaurant caters to the street's heavy volume of foot traffic comprised of tourists, residents, other business's staff, and if an owner seeks to extend the operating hours its ideally situated to also cater to hotel guests, concert, bar, and club goers. Asking Price $175,000 This 300 sq. ft. of prime Hollywood real estate comes with another 500 sq. ft. of dry goods storage space (not suitable for onsite food prep), and leases for only $1,800 per month including common area maintenance charges. The lease is value until October 2018 with options to be determined in the sale. The quaint venue does boast a hood, as well as all of its necessary cooking equipment. This business is located in one of the most heavily trafficked areas of Los Angeles with a popular concept. As such, there is other fast food competition, however, few facilities share as ideal of locations with such low overhead and an efficient size for fast food or other types of quick food service offerings. This tried and true location has outlasted would-be competitors, and remains as consistently profitable as ever. This business has the ability to extend its operating hours to cater to the late night club crowd, however, it only does so on occasion. The business has had a great deal of public relations and promotional material in the past, however, it now does no marketing or advertising since it can simply rely on its location and signage. New owners could market its food offering via delivery to nearby hotels and businesses, promote take-out or delivery services, or use the established brand to launch a food truck. As the location is semi-absentee managed, a working owner would likely boost sales via salesmanship, thus creating a higher average ticket sale.

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