Business For Sale

Profitable Restaurant Chain – 2 Stellar Locations!

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$7,000,000 $9,145,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Restaurant Chain – 2 Stellar Locations! Broker: Ryan Clark
License #: 01410769

Quick Facts

Asking Price: $7,000,000
Annual Revenue: $9,145,000
Net Profit: Not Disclosed
Cash Flow: $1,260,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 6574929
Broker Reference #: LA2Rest

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Business Overview:

This formidable 2 location restaurant chain with a proven concept operates from 2 of the most prestigious, high-profile locations that the city has to offer. One location is positioned to provide high quality mid-range to fine dining cuisine to those in the greater Beverly Hills and West Los Angeles areas, while the second caters to the most affluent areas of the San Fernando Valley.

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Property Features and Assets:

The premises are 3,500 square feet with a 1,100 square foot patio and 4,300 with a 1,700 square foot patio. Each creates an ambiance that complements the popular food concept. Both are in high profile locations with abundant parking and complementary neighboring businesses. The facilities lease for $43,000 and $31,500 per month including base rent and triple net (NNN) and/or common area maintenance (CAM) fees. The leases expire in June 2028 and May 2022 respectively. Each locations furniture, fixtures, equipment and Type 47 Liquor Licenses will be included in the sale, as will the well-known brand’s tremendous goodwill – comprised of the concept’s name, menu, recipes and other intellectual property, vendor and customer list, etc. Approximately $25,000 in beer, wine and liquor inventory per location will be sold at cost at close.

Market Competition and Expansion:

While competition exists in both highly popular dining and entertainment destinations, this branded concept has set itself apart by its chef created menu, recipes and wine selection, stellar customer service, authentic atmosphere and dining ambiance. For these reasons, coupled with the brand’s high traffic locations, customer following that has been amassed from nearly a decade of never disappointing meals served, the concept is considered to be long-term and sustainable. This is not only evidenced by each location’s revenues, but also by their loyal client base and reviews. New operators will likely wish to capitalize on the brand’s goodwill and established following to open comparable locations. If a regional chain is desired, the concept could thrive in areas such as Santa Monica, Hollywood, Downtown Los Angeles, the South Bay Beach Cities as well as prestigious coastal cities like Newport Beach, Laguna, San Diego, Santa Barbara or Las Vegas. Since the business has been professionally managed and its model established with years of best in place, new management may consider licensing or franchising options to grow the brand.

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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