European Restaurant & Deli With Loyal Client Base

Business Overview:

This European restaurant is the ‘go to’ venue for meetings, events, and dinner out for those craving the favorites that mom and grandma used to make in the old country. The location, which boasts stellar street visibility and onsite parking, lends itself to a casual lunch on its spacious covered patio, or a more formal affair for a gathering or celebration. The restaurant operates in conjunction with an attached deli that features the most sought after regional food products, deli items and pre-made dishes.

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Property Features and Assets:

This combination restaurant and retail location leases for $17k per month. All of the company’s furniture, fixtures, equipment, goodwill and Type 47 Liquor License and Type 58 Catering permit will transfer in the sale. An estimated $45k in inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

This operation occupies a price location in one of Los Angeles’s most sought after areas. Despite it hosting a specific but broad ethnic fare, the venue is popular with neighborhood residents and tourists, as well as those that will travel from all areas of the city to enjoy their favorite dishes in a heartwarming atmosphere.

This restaurant has amassed a reputation for its specialty alcohol offerings, as well as its vibrant dining scene. New management will want to capitalize on these attributes by hosting events, potentially extending the operating hours, or brand collaborations. With their unique offerings and cultural appeal, both establishments are well-positioned to capitalize on the area’s diverse, trend-conscious customer base while also attracting those loyal patrons that are nostalgic for a taste of home.

Reason for Selling:

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