Business for Sale Overview:
Few Los Angeles locations mirror the high traffic, high customer density restaurants that exist in New York, Chicago or San Francisco. This opportunity enjoys the best of all worlds as it enjoys the benefits of being the primary dining restaurant in a 50 story high rise, as well as the luxurious outdoor patio space (with a stellar view) and sizeable kitchen that few locations can boast. The well established restaurant has a very flexible floor and kitchen layout (with 2 ten plus foot hoods) that allows new owners to maintain and grow the current concept, expand upon it by implementing additional complementary concepts, or the ability to implement an entirely new one. All prospective buyer will need to fill out a non-disclosure agreement as well as a comprehensive Buyer Profile indicating ability. This opportunity is not available for co-broker at this time.
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:
This prestigious 5,000 square feet facility with can comfortably seat over 150 persons, and offers an oversize kitchen that can feed over 500. The restaurant offers clients indoor and outdoor seating on its spacious patio, as well as as build out that lends itself to offering fast food or sushi, as well as sit down table service dining at once! This coveted spaces leases for $11,000 per month, with 4.5 years remaining on the lease with options to be negotiated.
Market Competition and Expansion:
Downtown Los Angeles has unique competitive dynamics. This flexible restaurant enjoys a built-in client base from the building its housed in, as well as several neighboring high rises and a major hotel. The only real on-site competition includes Mexican take out and traditional hamburgers.
New owners will seek to capitalize on this location's built-in, high discretionary income tenants and neighbors, as well as guests at an adjacent hotel. As such, new owners should promote take-out and delivery service, catering services, pre-packaged 'quick' meal and/or healthy sushi or salad offerings, as well as potential higher end sit down dining options. New management may also seek to consider the addition of a beer and wine license.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not 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.