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.
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