Business Overview:
This West Hollywood restaurant has been described as a quaint and sophisticated gem that boasts stellar customer service, an unmatched wine selection and unbelievable food at reasonable prices. The nearly four year old restaurant with a ‘fresh’ Italian concept immediately posted nearly $1 million in gross sales during its first full year in business. The restaurant, which seats approximately 38, is located in a high traffic and high visibility location with low rent. As such, it could continue to thrive under its current concept or be highly successful with any number of new concepts.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This quaint 1,300 sq. ft. facility leases for $3,300 per month on a lease until December 2014 with one 5 year option. The sales includes a beer and wine license, and all of the furniture, fixtures and equipment fully paid off. The kitchen has a Imperial oven and 11 burner stove, a food warmer, grill, deep fryer, 2 refrigerated salad prep tables, two refrigerated coolers, a three door fridge, an ice machine, dishwasher (not included), 3 bucket sink, cappuccino machine, point of sales system and plenty of wine storage included in the sale.
Market Competition and Expansion:
This restaurant is located in a high tourist and residential traffic area. As such, there is no shortage of competition, however it has managed to carve out a market niche and a faithful following of food and wine lovers that have helped insure a healthy average dollar sale per customer. New owner may seek to takeover this menu, concept and staff and operate the restaurant ‘as is’, as nothing appears to be in need of changing. Conversely, the highly sought after location already has beer and wine and fantastic rent, so it may thrive under a number of new concepts as well!
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.