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#5422
Los Angeles - Hollywood - DTLA

Profitable - SBA Loan - Long History - Culver City - Prime Location

$275,000
In Contract

Go visit this restaurant by selecting the link to the left 'Get Name/Address" and make sure not to talk to anyone about it being for sale!

This Culver City restaurant is a neighborhood favorite with plenty of opportunity to grow the business with simply increasing the hours and days of operation as well as adding beer and wine to grow the evening dinner business.  The owner has cut back the hours and days of operation to spending more family time. This is his reason for selling. He wants more quality time with his wife and three small children. 

The facility was completely renovated in 2012 with a new kitchen, bathrooms, dining area, plumbing and electrical and it shows. 

BY THE NUMBERS: 2018 Revenues were $759,000 with working owner cash flow of $106,000. 

OPERATING HOURS: The owner reduced the hours by closing for dinner on Monday and Tuesday.  The business is closed Sundays. And this location is the perfect brunch location with a wonderful garden style patio waiting to be filled on Sundays with people dying for a place to hangout for a great bite. So you can continue to operate the business with these limited hours or you can expand the hours and take advantage of the great location and attract more crowds. 

TRAINING & RECIPES: The owner will train the buyer as well as provide the buyer with recipes. 

PATIOS: The restaurant has two patio locations. First is the outside street patios seating perhaps a dozen people while the rear patio seats about 20 people. The rear patio is a garden style patio

ONLINE ORDERING: This business has been taking advantage of the online ordering services with good growth taking roots. This is another area of opportunity if the hours were expanded, particularly in an area where people tend to be up during late hours. 

 

 

 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
New Lease to Be Issued with similar terms
Security Deposit:
$7,000

Financials

Last Year's Annual Gross:
$759,000
Last Year's Owner's Cash Flow:
$106,934
Last Year's Food Cost %:
38.3
Last Year's Payroll Cost %:
28.0
Last Year's Rent %:
12.2

Operations

Liquor License:
None
# of Full-Time Employees:
3
# of Part-Time Employees:
5
# of Family Employees:
2
Hours Open:
Mon-Tues-Sat 10am-3:30pm
Wed-Fri 10am-9pm
Year Established:
2009
Hood System Type 1:
Yes

Facilities

Indoor Seating:
52
Outdoor Seating:
45
# of Parking Spots:
Street Parking
Inside Sq. Ft.:
2000

Financing

Down Payment:
$51,000
Will SBA Finance:
Yes
Est. Monthly SBA Loan Payment:
$2,442
Est. Annual Interest Rate:
7.5%
Will Seller Lend To Buyer:
No

Demographics

Population 5-mi
2014 Total Population 0
Households 5-mi
2010 Number Of Households 0
2010 Persons Per Household
Median House Value $0
Income Per Household $0
Businesses 5-mi
2009 Number Of Businesses 0
2012 Number Of Employees 0
2012 Total Annual Payroll $0

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.

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