Versatile Restaurant With Patio On Sunset Strip
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $259000
Net Profit / Cash Flow $360000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2005
Number of Employees 4 - 5
Inventory <1500
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description For the restaurateur who seeks to have maximum high-profile exposure in an A+ West Hollywood location, this may be the place to showcase your new concept or to take over and improve upon the existing one. This restaurant for sale includes approx. 1,000 square feet of prime Sunset Strip street frontage with seating for 30 plus inside, and an on-street patio accommodating up to 40 person, and an additional 1,200 sq.ft. of space that is being used for manager's offices, dry storage, and food prep, with roughly 600 sq.ft. of it being potentially suitable for additional seating This location could work well as quaint gourmet, high-end coffee, sushi, salads, deli, fast food/quick service, pizza, dessert house, bakery, yogurt store, or even a take-away Famina or delivery-based Yummy style convenience store.
This 1,000 prime, plus patio and 1,200 additional square foot restaurant leases for $6,355 per month total (no additional CAM or NNN) on a fantastic tenant friendly lease valid until June 2015, plus two five year options (new base rent in 2015 will only be $7,829!). The sale includes a point of sale system and all of the necessary furniture, fixtures and equipment fully paid off in the sale. The facility boasts relatively new kitchen equipment, an 8-10 foot hood, and potential additional dining space with a multi-million dollar view. Benefits from its unmatched street side visibility, its 'captive' audience of nearby hotel guests, bar and club goers, walk-by tourists, Sunset Boulevard commuters, and local residents with limited nearby dining options.
The current concept generates healthy gross revenues, however, the non-restaurateur owners are not engaging in traditional industry practices to achieve 'normal' revenues for the concept, let alone advertising the business via the typical means.
Unfortunately, this pizza restaurant does not seek to offer delivery services to these nearby hotels, or local resident and businesses. They do allow LaBite.com to deliver.
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