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Listing ID: 2735331

Established European Restaurant In Los Angeles, CA For Sale

Los Angeles, California, United States

$ 560,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 300,000

Cash Flow: $ 100k to 250k

Business Description

We are not selling just an established restaurant. We are selling a fine tuned well-oiled Money Making Machine Restaurant.

Our venue is located on most popular tourist destination in Los Angeles! On this street there are no residential addresses, the business location is dedicated only to Restaurants, Bars, Cafes, Lounges and other retail shops.

- The vacancy rate for a restaurant on this location is almost zero.
- Our restaurant has been open for 4 years, seeing an increase in revenue every year since our grand opening.
- Our restaurant is among the TOP 10 most popular venues on this location.
- Our clientele base is ever growing with a detailed list of regulars who love us on Yelp, among many other delivery apps and services we have spectacular reputations on.
- Some of our regulars are from the business near our location.

Sourcing through and According to The US Postal Service, within three(3) mile radius of our restaurant there are about 11,800 residential addresses. That makes roughly 46,000 potential customers only within a three mile radius. Most of the population in these surrounding neighborhoods are young professionals. We are giving a very rare opportunity for qualified and serious buyers to purchase a restaurant in the very highly demand area.

It is extremely difficult to find a place to rent in this area , our restaurant's rent is currently negotiated at a below market lease. The value of our restaurant goes high also because it's based on moratorium against more restaurants in this very busy tourist area.

Kindly contact us for more details. We only entertain qualified serious buyers.

Property Details

Years Established:

2013

Property Type:

Lease

Other Details

Premise Details:

Unique outdoor patio, not available anywhere in the neighborhood.

Competition:

No business competitors.

Expansion Potential:

Our restaurant business hours are 7 days a week from 7:00 AM - 10:00 PM. Amazing late night business opportunity available with many new customers coming from the lounges open late near by 2:00 AM.

Operation Details

Trading Hours:

7:00 AM - 10:00 PM (Monday - Sunday)

Support & Training:

Our Rolodex. This contains financial statements, our chefs, the people we work with, locations of our suppliers, warehouse, food depots, coffee or just, a plumber! The contacts and services we offer are vital for the smooth transition and operation of our venue. Two weeks training will be provided if necessary!

Miscellaneous

Reason For Selling:

Moving back to Europe.

Contact this seller

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