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Gorgeous Downtown Restaurant/Grill with Scalable Concept

California, Los Angles
Asking Price $99,000.00
Gross Income $360,000.00
Cash Flow $360,000.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • RESTAURANTS

  • Steak Restaurant
Overview
This Gorgeous Downtown Restaurant / Grill boast a modern and highly scalable concept, great street visibility with sidewalk seating in a bustling area with heavy foot traffic, a large managers office and dry food storage area, ADA approved restrooms and a build-out that is beer and wine ready , a large walk-in cooler, and perhaps most alluring a spacious double kitchen (one with a open, modern layout and one that is fully enclosed with plenty of food prep space). This venue was built out from scratch with patron comfort, the location s ambiance, and the chef s ideal layout in mind at a cost of roughly $500,000, so no expense has been spared!
Business Details
Location and Facilities: This well appointed 2,200 square foot space leases for $4,800 per month on a 5 year lease that expires in September 2013 with one 5 year option to renew. The sale includes all of the venue s furniture, fixtures and equipment, as well as its tremendous goodwill, extraordinarily well thought out concept which includes its menu and recipes, trademark, website and additional intangible assets. The kitchen itself boasts a large walk-in cooler, 2 hoods compete with a deep fryer, 2 griddle / grills, 2 stoves, 2 convection ovens, a tremendous salad prep ar

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: As this restaurant / grill is only open during peak afternoon hours due the owner extraordinarily busy schedule, new management will certainly seek to expand the concept to cater to both the breakfast as well as the dinner crowd as the venue is not open during these times. In addition, since the business is closed on weekends, new management may seek to promote the venue via tie ins with specific events, or host themed nights that the well appointed restaurant lends itself to (e.g. spoken work poetry, celebrity chef nights, etc.). Naturally, since This downtown Los Angeles venue is located in a highly sought after and very busy area due the neighborhood s explosive growth, heavy foot traffic and ideal client demographic largely comprised of high discretionary income professionals as well as the perfect blend of young, vibrant, and health and food conscience students and workers. Competition naturally exists, however, this tremendously well thought out concept has cemented this restaurant s place in its intended market niche resulting in little direct immediate competition.

Reasons for Selling: Personal

Financing:

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