West Hollywood Restaurant on Restaurant Row

Location: California, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $105,000
Cash flow: Not Disclosed
Revenue: Not Disclosed
Gross Income: $207,000
Inventory: $60,000 - Included in the Asking Price
FF&E $52,563 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This ultra clean operation is located on West Hollywood s restaurant row . The quaint restaurant s historical concept has been gourmet French Bistro / Asian fusion, with impeccable highly personalized service. In fact, the unmatched service has been so unique, this restaurant is able to tout celebrities, personalities, and even dignitaries such as Nancy Reagan as regular clients. As the restaurant s location is ideal for a wide variety of concepts (with the exception of Sushi), new management may likely seek to convert the restaurant to be an alternate style gourmet venue, or even a high volume take out or quick turn venue. The facility has a 30 person occupancy with room for up to 10 on the patio, a clean type 42 beer and wine license (with sales approved from 2 pm until midnight), separate male and female restrooms, and a kitchen that would make any chef proud to work in!

Facilities:
This business operates out of a 960 square foot facility with a monthly rent of $2,500 (including CAM). The sale includes over $60,000 of kitchen equipment, in pristine working order, as well as all of the cooking accessories (pots, pans, etc.), furniture, fixtures and equipment necessary to make this a turn key operation. While not owned by the Seller, the restaurant does have a 2 duct 14 foot hood in a well laid out kitchen.

Financing:
None Offered

Support:
2 Weeks at 20 Hours/Week

Competition:
Competition in the area is considered high as it is in a primary restaurant corridor, however, this also adds to the location s natural competitive advantage.

Growth:
Many opportunities for growth exist. The restaurant is currently open only 5 days a week with pre reservations required, for dinner only service and a set menu. New owners will likely seek to significantly modify the existing restaurant concept, or dramatically expand upon the existing concept via and expanded services offering (i.e. 7 days per week, including lunch, with no reservations required), and/or increasing marketing and advertising.

General Information

Reason Selling: Personal

Number of Employees: 2
Year Established: 1999