Downtown Restaurant - Major High Rise Office Building
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $500000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1993
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 2 weeks at 20 hours per week.
Reason for Sale Personal.
Description Few Los Angeles locations mirror the high traffic, high customer density restaurants that exist in New York, Chicago or San Francisco. This opportunity enjoys the best of all worlds as it enjoy's the benefits of being the primary dining restaurant in a 50 story high rise, as well as the luxurious outdoor patio space (with a stellar view) and sizeable kitchen that few locations can boast. The well established restaurant has a very flexible floor and kitchen layout (with 2 ten plus foot hoods) that allows new owners to maintain and grow the current concept, expand upon it by implemending additional complementary concepts, or the abilty to implement an entirely new one. All prospective buyer will need to fill out a non-disclosure agreement as well as a comprehensive Buyer Profile indicating ability. This opportunity is not available for co-broker at this time.
Asking Price $225,000
This prestigeous 5,000 sq. ft. facility with can comfortably seat over 150 persons, and offers an oversize kitchen that can feed over 500. The restaurant offers clients indoor and outdoor seating on its spacious patio, as well as as buildout that lends itself to offering fast food or sushi, as well as sit down table service dining at once! This coveted spaces leases for $11,000 per month, with 4.5 years remaining on the lease with options to be negotiated.
New owners will seek to capitalize on this location's built-in, high discretionary income tenants and neighbors, as well as guests at an adjacent hotel. As such, new owners should promote take-out and delivery service, catering services, pre-packaged 'quick' meal and/or healthy sushi or salad offerings, as well as potential hihger end sit down dining options. New management may also seek to consider the addition of a beer and wine license.
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