Details

Aug 14, 2017This well established North Hollywood quick service restaurant with beer and wine has been a neighborhood favorite for nearly 60 years and has operated under the same ownership for almost 40 years! The venue is located in a highly visibility main street location with excellent drive by traffic and well as foot traffic. It boasts a popular delivery and catering business, and has still has room for growth!

This 1,500 square foot quick service restaurant leases for $3,500 per month. A new 5 year lease with one 5 year option is anticipated to be offered in the sale to a qualified buyer. All of the business's furniture, fixtures, equipment (except for some personal and decorative items or items on a revenue share) and beer and wine license will be included in the sale. Approximately $1,000 in in inventory will be sold at cost at close.

While competition exists in this popular area, this is one of the most established quick service options in the vicinity and its concept has been a neighborhood favorite for generations. Its tremendous goodwill, established client base and attractive lease rate provide it a long term sustainable advantage over industry entrants or competing venues.

New operators may wish to advertise and promote the business to newcomers to the area as well as add a website. They may also extend the operating hours to include breakfast service, and capitalize on the beer and wine license by promoting alcohol sales or hosting special events. They can also promote the location as a television and film location, as its build-out is popular with film scouts.

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