Business Summary:
Few Los Angeles locations mirror the high traffic, high customer density restaurants that exist in New York, Chicago or San Francisco. This opportunity enjoys the best of all worlds as it benefits from being the primary dining restaurant in a 50 story high rise, as well as the luxurious outdoor patio space (with a stellar view) and sizeable kitchen that few locations can boast. The well established restaurant has a very flexible floor and kitchen layout (with 2 ten plus foot hoods) that allows new owners to maintain and grow the current concept, expand upon it by implementing additional complementary concepts, or the ability to implement an entirely new one.
All prospective buyers will need to fill out a non-disclosure agreement as well as a comprehensive Buyer Profile indicating ability.
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| Year
Business was Established: 1993 |
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| Number of Employees:
8 |
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| Facilities / Terms of Lease:
This prestigious 5,000 sq. ft. facility with can comfortably seat over 150 persons, and offers an oversize kitchen that can feed over 500. The restaurant offers clients indoor and outdoor seating on its spacious patio, as well as a flexible build-out that lends itself to offering fast food or sushi, as well as sit down table service dining at once! This coveted spaces leases for $11,000 per month, with 4.5 years remaining on the lease with options to be negotiated. |
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| Potential
Growth/Expansion:
New owners will seek to capitalize on this location's built-in, high discretionary income tenants and neighbors, as well as guests at an adjacent hotel. As such, new owners should promote take-out and delivery service, catering services, pre-packaged 'quick' meal and/or healthy sushi or salad offerings, as well as potential higher end sit down dining options. New management may also seek to consider the addition of a beer and wine license. |
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| Competition:
Downtown Los Angeles has unique competitive dynamics. This flexible restaurant enjoys a built-in client base from the building its housed in, as well as several neighboring high rises and a major hotel. The only real on-site competition includes mexican take out and traditional hamburgers. |
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| Owner
willing to finance:
Not Offered |
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| Owner
willing to train:
Owner will train for 2 weeks at 30 hours per week or as necessary. |
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| Reason for selling:
Personal |
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Seller Reference Number: AuditCafe
BusinessMart.com Listing Number: 50058 |
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