PRICE REDUCED! This Mediterranean food "hot spot" was opened in 2019 by a restaurant investor with the goal of selling after the business was up and running. It's now ready for your expert touch! The like new, turnkey, restaurant is located within the central business district of downtown Los Angeles; near Wilshire, and surrounded by hotels, apartments, government offices, and hungry office tenants! Immediate upside potential by staying open later in the evening and offering breakfast, lunch, and dinner on the weekends. Upside potential by adding catering and kitchen sharing with chefs. A partial list of the furniture, fixture, and equipment included with the sale follows: Hood; 42x60 stone oven; two burner stove; 24 inch char-broiler; dual fryer; three compartment hot table; juice dispenser; cake case display; dough mixer; sough sheeter machine; (2) Shawarma machines; Panini bread presser; food processor; juice blender; Combi Oven Hooded; One door freezer; walk-in cooler; three flour bins; security camera system; monitor; (10) Solid wood tables; (20) dining room chairs; patio furniture; work tables; shelves; racks; carts; celing fans; menu boards; utensils, cutlery, and more!

General Info

  • OrganizationSole Proprietorship
  • Established2019
  • Current Owner2018
  • Employees2 FT/1 PT
  • Reason For SaleConsolidating

Facilities

  • Seating24 Interior. 12 Patio.
  • Square Feet1310
  • ParkingNone
  • LicensesCity Business and County Health
  • Open HoursM-F 11a-6p

Lease

  • Rent$7,600. Includes $2,000 NNN.
  • Expiration12/1/2023
  • Yearly Increase3%
  • Option1x(5) adjusted at Fair Market Value
  • Deposit$11,135

Financials

  • Monthly Revenue$30,750
  • Monthly Cash Flow$3,359
  • Annual Revenue$369,000
  • Annual Cash Flow$40,302
  • Payroll$Contact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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