Business for Sale Overview:
This Greater Los Feliz / Hollywood Area restaurant with full liquor and a patio is located in a coveted area, in a center that restaurateurs have sought to secure a space in for years. The restaurant, which has excellent street visibility as well as freeway access, is well positioned to service local residents via take-out and delivery services.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The 2,600 sq. ft. restaurant plus patio currently leases for $5,700 per month plus an additional $1,600 in common area maintenance expenses on a lease until July 2011. A new 3 year lease will be offered at $10,500 per month, plus an additional $2,000 in common area maintenance expense. The new lease will likely include at least one three year option to renew). The asset sale includes a full liquor license, as well as the restaurant’s furniture, fixtures, equipment, menu and years of goodwill.
Market Competition and Expansion:
This restaurant is located in a coveted location in the Greater Hollywood / Los Feliz Area. Many concepts could thrive in this coveted location, however, Japanese would be discouraged due to formidable nearby competition.
This restaurant can remain ‘as is’, since it has been an established earner for a number of years and has such a fantastic location with excellent freeway access. Alternately, a new owner may seek to capitalize on the venue’s liquor license, patio and versatile build-out and expand-upon the restaurant’s current concept, or modify it all together.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.