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 #: 655535994
Broker Reference #: LA0412

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Business Overview:

Highly profitable, over $1M in cash flow, Iconic Restaurant located in a prime area of West Los Angeles on a major street. This upscale and traditional successful 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 West LA “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 annual revenues in excess of $2M. Gross revenues in 2017 – 2019 ranged from $2.2M - $2.6M with annual 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 annual gross revenues were over $2.6M for the year and the annual cash flow was over $1M. Year to date 2022 overall gross revenue is trending upwards by a significant amount compared to the same period in 2021. Cash flow on the tax return is over $1M. Given that this restaurant has the flexibility to provide significant outdoor, heated seating puts this restaurant in a unique and strong position to deal with pandemics or future issues. This flexibility gives the restaurant a strong competitive edge to stay in business and generate revenue from outside seating and take out service.

This highly sought-after restaurant is a unique opportunity for an industry buyer as the sellers are looking to retire. Purchase price includes $60,000 of active inventory at cost. The landlord is willing to provide a reasonable, long-term lease agreement at favorable rates and terms. 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. Only Buyers with strong credit, a strong financial statement, direct industry experience and the ability to obtain a SBA loan should inquire.

Please note this is a highly confidential matter and no additional information will be provided until a Confidentiality Agreement, verification of funds and background information has been submitted. Please hit the reply button or the Contact Seller button or contact Matt 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:

Retiring.

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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