Los Angeles Restaurants For Sale
Indian Restaurant w/Beer & Wine - Major Hollywood Location For Sale
THE 411: Serving AUTHENTIC Northern Indian cuisine, this is the premiere Indian restaurant for 34 years, successfully catering to this diverse community. “This restaurant draws customers from the local entertainment businesses that surrounds it, from thousands of tourists walking the streets daily and from all the locals in the area who appreciate a great Indian cuisine.
THE RATINGS: There are numerous 5 Star Yelp Reviews to support how great the food is here as well Trip Advisors giving it a 5 star rating. So you're not buying a dog; rather you're buying a Jewel. Owner has taken great pride in inviting guests into an authentic Indian experience while dinning here.
DEMOGRAPHICS: Population density of area does not get much better than here. Click the demographics link on the SellingRestaurants.com website and take a look and remember, it doesn't count all those tourists roaming the streets of Hollywood.
REASON FOR SELLING: Owner lives about 40 miles away, which is practically a days drive in L.A. and the commute has gotten the best of him after more than a decade. He also owns another business in OC that is taking a great deal of his time. So as he has pulled away from this restaurant to work other business and have some family time he has noticed sales have slid down and he just can't commit to more time in running this very successful business. So he has decided that it is time to allow someone that can come into a thriving business and spend the time to oversee its growth back to previous sales and beyond.
REVENUES: This restaurant use to be open 7 days a week. He decided to close on Tuesdays. The area can certainly support the business. He lost $6-8,000 of revenues a month as a result, but he had to make a quality of life choice. Current reported sales range $55 - $60K per month(sales numbers and profit must be validated by buyer SellingRestaurants doesn't verified). New owner can see sales jump just by opening on Tuesdays.
Restaurant offers a Lunch Buffet and Full Menu service. Deliveries make up a good portion of sale and also has great potential of increase to an owner that promotes it to guest a little more.
So here you have it - Great Hollywood Location - Long Established History in area - Reputation for Superb Food and still room to grow business.
To get the name and location along with photos of this restaurant, please visit our website at SellingRestaurants dot com.
Restaurant Broker Stuart Schlosser DRE License #01809021
Lease
Operations
CLOSED TUESDAY (owners choice)
Facilities
Highlights
- Established 34 years ... Current Owner 11 years
- Very Busy Area Highly Populated
- Security Guard on site (Parking Enforcement)
- Many tourist from all over world come to the area
- Frequented by many of Hollywoods Famous
- 41 Beer and Wine License
- Delivery business is good BUT can be expanded as well
- Re-Open on Tuesdays for immediate sales increase
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 51,333 | 296,439 | 806,173 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 28,534 | 143,821 | 347,918 |
| 2010 Persons Per Household | 1.69 | 1.89 | 2.15 |
| Median House Value | $873,100 | $805,690 | $747,073 |
| Income Per Household | $52,641 | $65,705 | $57,740 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 2,003 | 16,492 | 37,032 |
| 2012 Number Of Employees | 26,724 | 367,046 | 826,714 |
| 2012 Total Annual Payroll | $522,089,000 | $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, 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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