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Listing View: Downtown Los Angeles Modern Italian w/Beer & Wine – High Traffic w/Ideal Rent! - Los Angeles, California


Downtown Los Angeles Modern Italian W/beer & Wine – High Traffic W/ideal Rent!
Los Angeles, California

Offered at:
$345,000

Office Listing #   RunCafe
Revenue: $600,000 / year
Cash Flow: $160,000 / year
Lease Rent: $2,600 / month
Square Feet: 2350

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 Listing Description

This downtown Los Angeles modern Italian restaurant with beer and wine is ideally located in a high daytime foot traffic area. This highly sought after location offers an operator a desirable rent and has a built-in professional and student clientele. The venue, which comes with patio seating, a large storage and dry storage area, and spacious manager’s offices, may be ideal for an owner who seeks to maintain the current proven concept, or for the entrepreneur who seek to capitalize on the build-out, client base and fantastic rent to launch a new concept. This prominently located 2,350 square foot facility leases for $2,600 per month on a lease until November 2016, with options to be negotiated. The sale includes all of the business’s assets including a kitchen with a stove, grill, convection oven, salad prep tables, a walk in cooler, a two door and a one door freezer, a beer and wine license and seating and service for the 72 plus patrons its authorized to serve. Nearby parking spaces lease for $120 per month, whereas they are far less only blocks away. This restaurant does face competition on various levels in the immediate area, however, it has carved out a dominant niche in its category. As such, new owners may seek to maintain the proven concept or only slightly modify it. The current business caters to the restaurant’s dominant lunch crowd. As such, new owners will seek to capitalize on the tremendous growth that downtown Los Angeles has experienced by modifying the evening offering to draw in patrons who reside in the area. To do so, they may seek to modify the dinner menu, offer event nights such as jazz or alternately themed nights (subject to the conditional use permit), etc.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   2007
Current Owner:   2007
# of Employees:   6
Seating:   72 +
Square Foot/Size:   2350
License(s) Required:   Contact For Info
Reason For Sale:   Personal
     
Financial Information
Revenue:   $600,000 / year
Cash Flow:   $160,000 / year
Payroll:   Contact For Info
Lease Information
Lease Rent:   $2,600 / month
Lease Expiration:   November 2016
Lease Option:   To be negotiated
Listed by:   R Clark
 The Veld Group
Email: Email Seller
Phone:  (310) 652-8353
Website:  www.theveldgroup.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
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The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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