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#5291
Los Angeles - Hollywood - DTLA

PROFITABLE Long Time Donut Shop on BUSY STREET - Low Rent

$125,000
Sold
PROFITABLE Long Time Donut Shop on BUSY STREET - Low Rent
This Listing is Sold

Click Here To Visit This Donut Shop

This location has it all! ESTABLISHED business with a SMALL-TOWN FEEL in high traffic area of Los Angeles!

Located on a busy street in Hollywood, this charming Donut Shop and Bakery has stood the test of time with OVER 25 YEARS of operation behind it!!!

Location is near the theater district, recording studios, and film studios which brings in regular business. There is a 750-unit apartment complex under construction on the adjacent corner, making this the perfect time to get in on this investment! Continue the success of the current customer base and see a potential jump in sales upon the opening of the urban housing complex. There is a quick-serve national brand market and a laundry mat on either side that bring in customers throughout the day. Little things like handwritten notes on the takeout bags add a small-town touch that is greatly appreciated by both new and returning customers in a large city like Hollywood.

Sellers Profit and Loss statements show a $50,000+ profit expectation for 2018. Major sales increases have been reported since the new owner has added new menu items and contracted with secondary delivery services. They have opened on several occasions from 9PM to 5AM doing delivery ONLY and have had sales of up to $600 during these traditionally slower times. This could be increased to 7 days a week if there was staff to accommodate this. These numbers are backed by sales tax returns. SellingRestaurants has not verified the numbers.

MENU: Besides fabulous Donuts there is also fresh-baked croissants, muffins, loaf breads and an array of drinks from fresh brewed coffee, hot chocolate, cold brew coffee, smoothies, and shakes. There are Breakfast sandwich and Lunch sandwich selections. Between the exceptional food quality and the detail-oriented customer service, this location has been given a 4 1/2 Star review on YELP.

Seller has found the drive from the far west side of San Fernando Valley to be too much daily and is taking time away from family. She has decided to sell and let someone else take advantage of the tremendous opportunity here. There is currently no website for the location. Adding a website and order feature for catering orders could see an even bigger growth potential. This is a rare opportunity to strike while the iron is hot by taking advantage of an already flourishing business at the beginning of another wave of ongoing success. The right person can carry on its legacy and prepare for the opportunity to see a great return on their investment.

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

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
Dec 2022
Total Monthly Rent:
$3,000
Security Deposit:
$3,000

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
2
# of Working Owners:
1
Hours Open:
5AM - 6PM Monday - Friday
6AM - 2PM Sat and Sun

Various nights 9PM - 6AM Delivery only
Year Established:
1993
Hood System Type 1:
Yes

Facilities

Indoor Seating:
20
# of Parking Spots:
shared lot
Inside Sq. Ft.:
975

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 62,761 435,788 970,654
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 26,892 179,744 382,924
2010 Persons Per Household 2.06 2.25 2.36
Median House Value $563,694 $709,101 $636,337
Income Per Household $32,812 $45,184 $46,804
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,367 13,701 36,208
2012 Number Of Employees 59,182 288,716 873,716
2012 Total Annual Payroll $2,212,274,000 $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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