Highly Profitable Iconic Restaurant in West LA

Not Disclosed, CA
Los Angeles County

West Los Angeles

Asking Price: Annual Revenue:
$2,699,000 $2,478,183

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Highly Profitable Iconic Restaurant in West LA Broker: Matt Coletta
License #: 01417096/01009458

Quick Facts

Asking Price: $2,699,000
Annual Revenue: $2,478,183
Net Profit: Not Disclosed
Cash Flow: $1,085,150
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Over 30 years
Employees: 23
BBN Listing #: 19335994
Broker Reference #: LA0412

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Business Overview:

Highly profitable Iconic Restaurant located in a prime area of West Los Angeles on a major street. This upscale and traditional restaurant has been in business for over 30 years and offers indoor and outdoor dining. Its menu and impressive wine collection are highly rated by long-term loyal customers and attracts Foodies from all over. This restaurant is known for it’s strong customer base and “regulars” who frequent the restaurant on a consistent basis.

This turnkey restaurant has had consistent year after year increases in gross revenues with Pre-Covid revenues in excess of $2M. Gross revenue in 2017 – 2019 ranged from $2.2M - $2.6M with cash flow ranging from $823K - $1.1M. Since May 2021 when indoor dining resumed, the restaurant experienced month after month increases in gross revenues. The monthly average gross revenue since May 2021 ranges from $215k to $255k per month making these monthly revenues consistent with 2019 when the restaurant grossed over $2.6M for the year and the cash flow was over $1M. 2021 overall gross revenue is approximately $2.5M with over $900K+ in cash flow, even with the restaurant having limited seating capacity for the first 4 months in 2021. Given that this restaurant has the flexibility to provide significant outdoor, heated seating under a tent, puts this restaurant in a unique and strong position to deal with Covid or any future issues. This flexibility with this location has been determined to be significant in order to maintain revenue and cash flow compared to other locations that have struggled due to limited flexibility.

This highly sought-after restaurant is a unique opportunity for an industry buyer as the sellers are looking to retire. The purchase price includes $60,000 of active inventory at cost. Any inventory over $60,000 at cost will be available to purchase. The landlord is willing to provide a reasonable, long-term lease agreement at below market rent for the first few years. Seller will provide necessary training based on the Buyer’s needs. Loyal, long-term staff (front of the house and back) is in place. The business has excellent books and records and tax returns with very few add-backs. The business qualifies for SBA finance with 10-15% down for a well-qualified, industry Buyer.

Please note this is a highly confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button to contact Matt and to receive a confidentiality agreement and to learn more about this opportunity.

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Property Features and Assets:

Prime location in West LA Free standing restaurant building 2,600 +/- square feet as per Seller

Market Competition and Expansion:

Impressive, loyal customer base Several growth opportunities that the seller will discuss with a qualified buyer.

Reason for Selling:


Additional Details:

  • The property is owned.
  • 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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