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Restaurant And Patio, 47 Lic In Los Angeles County For Sale

Los Angeles County, California - South, US
Asking Price:
$649,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,150,899
Cash Flow:
$249,085

This unique restaurant is nestled in the heart of a very affluent city in Los Angeles county. The food is outstanding, the vibe is fine dining, and you choose from a fantastic selection of hand-crafted cocktails or fine wines on their curated wine list. It’s the perfect experience for a first date or a family brunch -- comfortable attire and without outrageous prices. Located in a historical district, the restaurant is a stones’ throw from a large destination hub. The restaurant also draws patrons from the surrounding affluent neighborhoods (by car and by foot) and is also a destination for diners driving in from the nearby communities.

The buildout spared no detail, from the antique solid wood bar to the 60-person sidewalk patio that attracts droves of patrons who enjoy the outdoor ambiance and people watching. The dining room provides seating for 50 plus 40 in the bar, which generates great bookings for private events such as weddings and banquets. The restaurant functions like a well-oiled machine: the kitchen is pristine, clean, well-organized and offers an efficient floorplan to ensure productivity. The equipment is well-maintained and deep cleaned weekly. Best of all the employees are seasoned, tenured and the seller has a lead manager that runs the operation when the owner is offsite.

The owner is taking a long-term sabbatical to care for a sick parent, so it is time for an experienced restaurateur to pick up the torch and take this neighborhood gem to the next level. It is already very profitable, but an energetic Buyer can take it to a whole new level. See the Highlights and Amenities section for the top 7 ways to immediately boost business!

This restaurant is an opportunity to step into a business that generates great profits on Day 1. It has been a staple in this community for almost 10 years, yet still has so much room to grow. The lease terms are outstanding, the books are in excellent order, and the restaurant enjoys an excellent repeat clientele. This will sell fast, so contact the Agent today!

Property Information

Real Estate:

Lease

Lease Terms:

$7800mo, Exp 2/2028, 1 x 5yr option.

Leasehold Rent:

$93,600 per annum

Premises Details:

7 fantastic ways to boost business:

First and foremost, open seven days a week, not five.
Add a weekday lunch shift serving lighter fare and brunch on weekends.
The Seller only uses Uber Eats. Join all the delivery services to increase revenue!
Reinstate monthly wine dinners: pre-pandemic, the restaurant offered four-course meals featuring fine wines.
The Seller has gotten this far on word of mouth alone, invest in marketing and advertising for onsite and offsite events, banquets, and catering to grow this side of the business.
We’re in the social media era: build a robust social media presence and reach a whole new demographic!
Participate in the Local Farmers Market

Size in square feet:
2,500

Business Operation

Reasons for selling:

Owner relocating back to France to visit Family/Parents

Employees:
9
Years established:
2013

Other Information

Support & training:

Owner will Train and Support and has a tenured lead employee that runs the operation along with owner.

Furniture / Fixtures value:
$75,000 - included in the asking price
Inventory / Stock value:
$10,000 - included in the asking price

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