LOS ANGELES, California
| Asking Price |
$250,000 |
Year Established |
2022 |
|
| Annual Revenue |
$360,000 |
Reason for Selling |
Personal |
|
| Annual P/L |
$0 |
Attention |
Ryan Clark |
|
| Annual Cash Flow |
$0 |
Listing Number |
1012355 |
|
| # of Employees |
5 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
This Hancock Park area restaurant with sidewalk seating boasts a high visibility location with a liquor license, and onsite parking. The restaurant offers a cozy, inviting atmosphere in a highly accessible location in an affluent area. The venue is surrounded by a residential neighborhood, which draws steady foot traffic throughout the week.
Seller also agreed to take $150k downpayment.
Property Features and Assets:
<p>This 1,206 square foot venue leases for $11.4k per month on a lease until 2027 with two 5-year options. The location sublets 700 square feet of its space for $4k/month. While its name and menu will not be included, all of its furniture, fixtures, equipment and Type 47 Liquor License will be included. An estimated $5k in beer, wine and liquor inventory will be sold at cost at close, in addition to purchase price.</p><p> </p>
Market Competition and Expansion:
<p>While other establishments may rely heavily on brand recognition or fast-casual concepts, this restaurant stands out with its authentic Italian offerings and warm, sit-down atmosphere. Its prime location—nestled within a busy retail plaza with strong anchor tenants and ample parking—gives it an edge by capturing both destination diners and spontaneous foot traffic from nearby shoppers and residents.</p><p><br></p><p> </p><p>New operators may choose to capitalize on this high visibility corner location to launch any number of concepts. The venue’s location, liquor license and onsite parking lot provide a strong foundation, while its flexible layout, and kitchen equipped with 2 stoves, an oven, grill, griddle and deep fryers, provide management a variety of options when taking the location forward. </p><p> </p><p> </p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity