Sep 15, 2015 — This highly profitable downtown Los Angeles restaurant boasts an extraordinary buildout that is unmatched in the greater downtown area, 2 bars with are permitted to serve liquor, a fantastic chef friendly kitchen with a large walk-in cooler and separate walk-in freezer, and a customer embraced concept. The venue had over $1.2 million invested in its build-out and launch!
This 3,800 square foot restaurant leases for $12,000 month, on a secure long term lease with either two 10 year or 15 year options. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. Approximately $50,000 in beer, wine and liquor inventory will be sold at cost at close.
Downtown Los Angeles has bustling restaurant scene, particularly in the higher-end segments that also can serve as entertainment venues. This opportunity represents one of the crown jewels in its burgeoning restaurant scene. As such, competition exists, however, this highly profitable venue has already set itself apart from the competition and has become a go to venue for evening diners or revelers alike.
As the concept does approx. $2.0 ml in annual revenues, with a solid profit dropping to the bottom-line, it has already proven successful. With that said, it could still further benefit from a full-time owner operator or its promotion as a bar and lounge venue, as it does maintain an early dinner service focus. New operators may also consider operating under extended hours or a new or rebranded concept.
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