This absentee owned Westwood Village / UCLA area
restaurant with a beer and wine license and favorable
rent, is located in a coveted location that is ideal to cater
to students and faculty, as well as to Westwood,
West Los Angeles and Brentwood businesses and
residents. The location benefits from fantastic street
exposure and freeway access, heavy foot traffic,
proximity to the campus and student housing, and plenty
of
nearby public parking lots.
This prominently located 1,500 square foot facility with
parking leases for $5,172 per month plus an additional
$750 in property related expenses on a secure lease, with
a new lease and options to be negotiated in the
sale. The sale includes all of the business’s assets
including its Type 41 Beer & Wine license, seating for
nearly
50 patrons, a POS system, surveillance system with 4
cameras and offsite viewing capability, and a complete
kitchen with an oven, stove, grill, deep fryer, salad prep
table, two door fridge, walk-in cooler, and three
bucket sink.
This restaurant does face competition on various levels in
the immediate area, as Westwood Village is a highly
competitive market. The venue, however, is the closest to
campus and student housing when compared to
others with a similar concept.
As the current owner is entirely absentee this venue
would save tremendously from an on site working owner
that invests heavily into marketing and advertising, while
simultaneously likely enhancing its customer service
offering. New owners will also be able to capitalize on a
new nearby student housing building that should
accommodate 600 to 700 students / customer within the
next few months, while also tackling still relatively
untapped markets.
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