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#5301
Los Angeles - Hollywood - DTLA

Mediterranean Restaurant with PARKING on Busy Street

$135,000
Available
Mediterranean Restaurant with PARKING on Busy Street
This Listing is Expired

BEAUTIFULLY BUILT RESTAURANT IN GREAT LOCATION WITH INCREASING REVENUE READY FOR NEW OWNER!

Nicely built-out, turn key restaurant with the look and feel of a National Chain Concept on a busy street WITH PARKING (in an area where parking is not common for nearby facilities). This restaurant has been serving Lebanese style Mediterranean Foods for many years. Sales were in the $3,000 a day range until the owner was unable to work the business and employees let it slip all the way to $500 per day.

Since the current owner took-over the business 7 weeks ago and cleaned it-up, changed the name and staffed it with great people. One of the owners works the business daily which has translated into sales of $1100 per day and growing steadily. The working owner and his family have decided to move out of the country, which is the reason they need to sell the business, as the silent partner has other business obligations and cannot devote the time needed to continue to bring the sales up to their previous averages. The restaurant is currently Closed on Sundays. A new owner could open Sundays and see sales increases right away.

The restaurant is well-equipped and has a great aesthetic.The woodwork on walls and white marble style table tops, a nice order counter, and beverage area all blend together creating a warm and inviting atmosphere. The owner is torn having to sell the place because he knows where this restaurant is headed as sales continue to rise.

The food and guest service reviews are almost a perfect 10, showing their commitment to high quality and great customer service is paying off.

There are many businesses in the area that have begun ordering catering for office meetings. The area has many homes and apartments with a large population of people that could begin frequenting the restaurant. The website features the menu, as well as, catering options. They are also using third party delivery services to allow customers to get their delicious food delivered directly to their homes with out having to schedule extra labor that would be needed to do deliveries yourself.

Between the great, centralized location, good food, a warm atmosphere to bring people back, and continuous trends upward in sales, this is an opportunity that doesn't come around every day! 

To get more information, the name, address and see a number of pictures of this restaurant just go to the tab "Sign NDA" and see if this is not the opportunity you have been looking for. Remember during your visit to keep this confidential while you are at the restaurant.

 

                                

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
July 31, 2023 + 5 yr option
Total Monthly Rent:
$5,202
Security Deposit:
$10,000

Operations

# of Full-Time Employees:
3
# of Working Owners:
1
Hours Open:
10:30AM - 9:00PM Mon - Sat
Closed Sunday
Year Established:
2018
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
# of Parking Spots:
allot shared
Inside Sq. Ft.:
1113

Highlights

  • Located on Busy Street
  • Large Parking Lot
  • Pole Sign at streets edge
  • Restaurant has recently been remodeled
  • Sales are growing steadily
  • High Yelp reviews Customer love the place

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Expired

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 39,809 276,851 618,536
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 14,089 104,444 221,717
2010 Persons Per Household 2.67 2.54 2.66
Median House Value $458,300 $569,893 $537,156
Income Per Household $36,906 $51,872 $51,265
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 638 7,556 15,393
2012 Number Of Employees 11,950 202,718 439,250
2012 Total Annual Payroll $231,497,000 $4,294,967,295 $4,294,967,295

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, foreward 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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