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Eagle Rock Area Restaurant With Stellar Street Visibility For Sale

Los Angeles, California - South, US
Asking Price:
$150,000
Sales Revenue:
$521,518
Cash Flow:
$60,000

This Eagle Rock area restaurant boasts a modern, clean build-out with an open floor plan as well as stellar street visibility. The venue has multiple interior dining areas, each with its own unique ambiance. The fully outfitted kitchen has a walk-in cooler, while much of the food preparation occurs behind the open service counter. The venue has unique specialty cooking equipment.

Property Information

Real Estate:

Lease

Lease Terms:

5 year lease with one 5- ear option

Leasehold Rent:

$8,039 per annum

Location:

Main Street

Premises Details:

This 2,000 plus square foot space leases for $6,340 on a lease that expires in 2028 with one 5-year option. The venue has seating for 60 patrons inside. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. Approximately $2,000 in inventory will be sold at cost at close.

Size in square feet:
2,000

Business Operation

Expansion Potential:

New operators may continue with the current concept that has proven successful or they may capitalize on the venue’s attributes and versatility to launch any number of concepts that may thrive there. These may include quick service or fast casual restaurant concepts or a European style coffee house, amongst other possibilities.

Competition / Market:

This venue occupies a coveted location that provides it remarkable street visibility and convenience freeway and main street access. These qualities provide it a competitive advantage that other may find difficult to match.

Reasons for selling:

Personal

Years established:
2018

Other Information

Support & training:

Seller will train for 2 weeks at 20 hours per week or as negotiated.

Financing available:

Seller may consider a small secured carry for a qualified buyer, depending on overall deal terms.

Furniture / Fixtures value:
$40,000
Inventory / Stock value:
$2,000

Contact The Veld Group

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