Business Overview:
This Hollywood Boulevard quick service restaurant with beer and wine has been operated by the same family for 50 years! The venue is located in a prime tourist location with heavy foot traffic and stellar street exposure. It is in the heart of Hollywood’s entertainment, shopping and sightseeing district. The spacious facility has a large walk-in cooler, a 3 door freezer, a manager’s office and plenty of dry storage space. The hood covers a two bucket deep fryer, griddle and 6 stove burners and a large oven. There is also a beer tap system.
Training: 2 Weeks at 20 hours/week.
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Property Features and Assets:
This nearly 2,500 square foot facility leases for $10,800 per month on a lease until September 30, 2020 with options to be negotiated in the sale. All of the business’s furniture, fixture, equipment, 50 years of goodwill and Type 41 Beer and Wine license will be included in the sale. Inventory will be sold at cost at close.
Market Competition and Expansion:
While the central Hollywood corridor is a popular one and has a variety of quick service concepts, including those housed in the Kodak Theatre complex, this one has almost as much established goodwill as Musso and Frank’s has. As are result, it is the incumbent player in its respective food category.
New operators may wish to utilize the business’s goodwill by maintaining a proven concept that can dramatically benefit from renewed energy, or they can capitalize a location that has proven itself for a half of a century to launch any number of new quick service, fast casual or other concepts that could thrive in this high traffic area.
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.
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