A solid reputation with a consistent year-round revenue stream from a diverse customer base. 87 seat indoor dining with the elevated outdoor patio seating for a further 38 makes this premier, full-service restaurant a much sought-after Hollywood location. Additionally, the online presence has grown, with takeout and delivery sales, and the use of technology has maximized profits and customers satisfaction. 2023 Annualized sales revenues of $2.6million with 26% of the revenues from the sale of alcohol and producing $452,000 in annualized profits. Business hours are from 7am - 3pm and until 5pm on the weekends. The kitchen is fully loaded with all necessary equipment, well maintained and operational, capable of serving 1000's of customers. A well-developed craft cocktail menu fully utilizes the ABC 47 hard liquor license, helping to boost profits and sales, particularly on weekends.
Fully staffed with a seasoned and well-trained team, including managers who have all been in their roles for at least 2 years, and many team members in both FOH and BOH who have been working at the restaurant for several years or more.
The covid period was challenging but by following all protocols diligently the business expanded in other revenue sources, including launching several cloud kitchens, optimizing and growing the takeout and delivery systems, and expanding the patio seating, rent-free.
This business did well during Covid with a proactive and flexible approach, large patio, takeout sales, and the support of their landlord.
Recent residential developments nearby include over 1,000 new units and a further 276 currently in construction, making this restaurant a prime location for sustaining current business and ample future growth.
To Summarize, this is an extremely well-established business with consistent revenues year-round from a diverse customer base comprised of neighborhood residents, tourists, and local businesses. Additionally, there's great potential for the expansion of hours to include dinner and a late-night service, and a huge opportunity for growth into catering (liquor license includes catering). Other features include onsite customers and the close proximity to two major Hollywood theaters and the Hollywood Walk of Fame. This restaurant has an extremely strong and developed brand with highly structured operations and is prime for multi location expansion.
To receive more information and discuss this opportunity with the broker along with the broker's connections for a long-term SBA loan solution, please complete the 'Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
- Current Owner2008
- Reason For SaleOther Interests
- Seating87 Indoors + 38 Patio
- Square Feet3,300 + 800 Patio
- ParkingParking Structure
- LicensesABC Type 47, Health and Business Licenses
- Open HoursMonday - Friday 7am-3pm Saturday & Sunday 7am - 5pm
- Rent$16,650 Inc NNN
- Yearly IncreaseContact for Info
- Option5 year Lease Option
- Monthly Revenue$216,326
- Monthly Cash Flow$37,666
- Annual Revenue$2,600,000
- Annual Cash Flow$452,000
- Down PaymentContact For Info
- Note BalanceContact 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.