Hollywood Restaurants With Stable Cash Flow
Location:
United States
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California
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Southern California - Los Angeles Area
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Los Angeles
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This well established 16 year old East Hollywood / Melrose Area ethnic concept restaurant for sale is well suited for any operator seeking a very simple restaurant operation with a steady, high margin cash flow (the current and former owners are not the same nationality or even race as the venue's concept). The simple operation with a very straightforward menu and a minimum of inventory, operates with 1 full-time working owner, 1 part-time working owner, 1 full-time and 1 part-time cook / dishwasher. Asking Price $299,500.
This 1,450 sq. ft. facility leases for $3,350 per month, on a 5 year lease expiring in January, 2013 with 1 five year option. The facility has seating for 40 persons, a restroom, a small walk-in cooler, deep-fryer, rotisserie oven, stove, several prep areas, a 2 door refrigerator and a dry food storage area.
This area has a relatively high concentration of ethnic restaurants similar to this one, however, this is one the location has a unique competitive advantage that other area restaurants are not permitted, nor will be permitted, to offer. With a solid concept, a competitive advantage, great street visibility, a parking lot, and easy access to the 101 Freeway, this restaurant should be a stable earner for years to come.
As this restaurant has successfully offered essentially the same menu and concept for 16 years, why change a good thing? Potential avenues of growth may include further promoting delivery and catering services, establishing a website, and doing local coupon mailers or advertising flyers. Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile not only indicating ability to purchase, and identifying where funding will come from. Requests for specific data without such will not be entertained.
Financials
Asking Price Range: < $250K
Gross Revenues:
$328,500
Cash Flow:
$96,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 2008
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 20 hours / week.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700102883
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