One Of A Kind Silverlake Fast Food Restaurant For Sale

Business description

This 30 plus year old Silverlake quick service / fast food restaurant is truly one of a kind. As such, little description will be provided here as the landlord (and broker) seek to hand select the best candidates to provide this ‘gift’ to, and only seek to work with straight shooters who are truly motivated. Any experienced operator with a solid quick service concept will thrive in this location, as it has all of the attributes necessary for success (except perhaps a beer and wine license). While business’s current profitability will not be disclosed, we will share that the business is not being priced merely based on its profits. If it were, the asking price would likely be significantly higher. In this unique case, the business is being priced as it is to incentivize the buyer to apply $200,000 in facility improvements (in addition to purchase price). As such, the landlord will only consider established operators with solid concepts who are financially capable of doing so, and will commit to a significant level of improvements at the outset.

Property information

Lease terms:

This 1,800 square foot facility will lease for approximately $6,500 per month plus triple net expenses, on a five year lease with 3.5% annual increases, with at least one five year option.

Location:

This 1,800 square foot facility will lease for approximately $6,500 per month plus triple net expenses, on a five year lease with 3.5% annual increases, with at least one five year option. The facility is outfitted with a large hood, deep fryer, stove, grill, prep tables, walk-in cooler, walk-in freezer, and separate rest rooms for employees versus male and female customers.

Other information

Expansion potential:

Due to this restaurant’s ideal attributes, the current tenant has not done any advertising in any form in over 30 years, nor has he felt the need to. New owner can implement a number of forms of marketing and advertising programs shall they deem it necessary. These may include coupon mailers to local residents, delivery service, newspaper or money mailer advertisements, etc.

Competition / Market:

Competition There is no shortage of fast food or alternate quick service food venues in the area, however, no competitor can boast the positive attributes that this restaurant has. This business will likely be successful with any number of concepts including pizza, burgers, rotisserie chicken, BBQ, Mexican Middle-Eastern, Chinese, Thai, Indian, etc.

Support & training:

1 wk at 20 hrs/wk

Reasons for selling:

Personal

Trading hours:

Mon-Sat 11-9pm

Financing available:

Not Offered

Furniture / Fixtures value:

$25,000 (included in the asking price)