Established in 2008 – SBA Loan Pre-Approved

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$1,195,000 $2,530,156

Food & Beverage: Coffee, Cafe, Dessert


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RE: Established in 2008 – SBA Loan Pre-Approved Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $1,195,000
Annual Revenue: $2,530,156
Net Profit: Not Disclosed
Cash Flow: $625,546
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2008
Employees: 34
BBN Listing #: 10611533
Broker Reference #: 4455

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Business Overview:

Established in 2008 – SBA Loan Pre-Approved - Highly Successful 3,000 square feet - Breakfast/Lunch with ABC Hard Liquor License

RRC# 4455
Location: Los Angeles

Description:
A solid reputation with a consistent year-round revenue stream from a diverse customer base. 87 seat indoor dining with the elevated patio seating for a further 38 makes this premier, full-service restaurant a much sought-after Hollywood location. Additionally, the online presence has grown, with takeout and delivery sales, and the use of technology has maximized profits and customer satisfaction.
The kitchen is fully loaded with all necessary equipment, well maintained and operational, capable of serving 1,000’s of customers. A well-developed craft cocktail menu fully utilizes the ABC 47 hard liquor license, helping to boost profits and sales, particularly on weekends.

Fully staffed with a seasoned and well-trained team, including managers who have all been in their roles for at least 2 years, and many team members in both FOH and BOH who have been working at the restaurant for several years or more.

The covid period was challenging but by following all protocols diligently the business expanded in other revenue sources, including launching several cloud kitchens, optimizing and growing the takeout and delivery systems, and expanding the patio seating, rent-free.
This business did well during Covid with a proactive and flexible approach, large patio, takeout sales, and the support of their landlord.

Recent residential developments nearby include over 1,000 new units and a further 276 currently in construction, making this restaurant a prime location for sustaining current business and ample future growth.

To Summarize, this is an extremely well-established business with consistent revenues year-round from a diverse customer base comprised of neighborhood residents, tourists, and local businesses. Additionally, there's great potential for the expansion of hours to include dinner and a late-night service, and a huge opportunity for growth into catering (liquor license includes catering). Other features include onsite customers and the close proximity to two major Hollywood theaters and the Hollywood Walk of Fame. This restaurant has an extremely strong and developed brand with highly structured operations and is prime for multi location expansion.

To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

Financial Information:
Monthly Revenue: $210,846
Monthly Cash Flow: $52,129
Annual Revenue: $2,530,156
Annual Cash Flow: $625,546
Annual Payroll: $778,655

General Info:
Ownership: LLC
Established: 2008
Current Owner: 2008
Employees: 34
Reason For Sale: Other Interests
Monthly Rent: $16,650 Inc NNN
Expiration: 2027 plus 5 year Lease Option

Facilities:
Square Feet: 3,300 + 800 Patio
Seating: 87 Indoors + 38 Patio
Parking: Parking Structure
Licenses: ABC Type 47, Health and Business Licenses
Days/Hours of Operation: Monday - Friday 7am-3pm Saturday & Sunday 7am - 5pm

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Square Feet: 3,300 + 800 Patio; Seating: 87 Indoors + 38 Patio; Parking: Parking Structure.

Reason for Selling:

Other Interests.

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.

Relevant Links:

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