Established in 2008 – SBA Loan Pre-Approved - Highly Profitable 3300 sq ft - Breakfast/Lunch with ABC Hard Liquor License
Location: Los Angeles
Description:
A solid reputation with a consistent year-round revenue stream from a diverse customer base. 87 seat indoor dining with the elevated outdoor patio seating for a further 38 makes this premier, full-service restaurant a much sought-after Hollywood location. Additionally, the online presence has grown, with takeout and delivery sales, and the use of technology has maximized profits and customers satisfaction. 2023 Annualized sales revenues of $2.6million with 26% of the revenues from the sale of alcohol and producing $452,000 in annualized profits. Business hours are from 7am - 3pm and until 5pm on the weekends. The kitchen is fully loaded with all necessary equipment, well maintained and operational, capable of serving 1000’s of customers. A well-developed craft cocktail menu fully utilizes the ABC 47 hard liquor license, helping to boost profits and sales, particularly on weekends.
Fully staffed with a seasoned and well-trained team, including managers who have all been in their roles for at least 2 years, and many team members in both FOH and BOH who have been working at the restaurant for several years or more.
The covid period was challenging but by following all protocols diligently the business expanded in other revenue sources, including launching several cloud kitchens, optimizing and growing the takeout and delivery systems, and expanding the patio seating, rent-free.
This business did well during Covid with a proactive and flexible approach, large patio, takeout sales, and the support of their landlord.
Recent residential developments nearby include over 1,000 new units and a further 276 currently in construction, making this restaurant a prime location for sustaining current business and ample future growth.
To Summarize, this is an extremely well-established business with consistent revenues year-round from a diverse customer base comprised of neighborhood residents, tourists, and local businesses. Additionally, there's great potential for the expansion of hours to include dinner and a late-night service, and a huge opportunity for growth into catering (liquor license includes catering). Other features include onsite customers and the close proximity to two major Hollywood theaters and the Hollywood Walk of Fame. This restaurant has an extremely strong and developed brand with highly structured operations and is prime for multi location expansion.
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
If you are interested in the opportunity, please contact the seller through the form on this page.
Financial Information:
Monthly Revenue: $216,326
Monthly Cash Flow: $37,666
Annual Revenue: $2,600,000
Annual Cash Flow: $452,000
Annual Payroll: $763,500
General Info:
Ownership: LLC
Established: 2008
Current Owner: 2008
Employees: 34
Reason For Sale: Other Interests
Monthly Rent: $16,650 Inc NNN
Expiration: 2027 plus 5 year Lease Option
Facilities:
Square Feet: 3,300 + 800 Patio
Seating: 87 Indoors + 38 Patio
Parking: Parking Structure
Licenses: ABC Type 47, Health and Business Licenses
Days/Hours of Operation: Monday - Friday 7am-3pm Saturday & Sunday 7am - 5pm
