American Diner with Full Bar, Large Patio and Strong Sales & Revenues

Established for over a decade in the heart of Hollywood is this classic American diner serving innovative and exciting dishes which has become a staple in the community. The menu is upscale American classic comfort food with a heavy focus on Brunch and Vegan dishes. There are seasonal specialty dishes for all holidays throughout the year with a focus and support for fresh and local ingredients.

The menu ranges from pancakes, waffles, and eggs to burgers, salads, and sandwiches. The drinks include coffee, a wide range of espresso-based coffee drinks, fresh juices, and cocktails such as Bloody Mary, White Russian, Old Fashioned, and many more American classic cocktails using the freshest juices and mixes and premium liquor.

This restaurant has been featured on Food Network’s “The Best Thing I Ever Ate, as well as LA Travel Guide and CW Network’s “Foodbites”.

LEASE BUILDING INFO.
Monthly Rent: $18K Square ft: 3766
Expiration: 2035 Patron capacity: 111
Options: Buyer to qualify Patio: Yes 1265 SF
Deposit: Buyer to qualify Hours of Operation: 7 to 3 p.m.

OPERATIONS FINANCIALS
Years established: 2008
Monthly sales: $200K
No. of employees: 30
Monthly cash flow: $27k+
Monthly payroll: $60K
Annual Sales: $2.4m
Absentee run: Semi
Annual Revenue: $332k+ (approx.)

2023 MONTHLY FINANCIAL ANALYSIS (Projection)
Sales: $200k
Rent: $18k
Payroll: $60k
C.O.G.: 42K
Misc: $53k (Uncontrollable of utilities, credit card processing, maintenance, etc.) Net Potential income: $27k monthly or $332k a year

Buyer must have proof of funds of $350k+ to qualify and disclose more information
$500k creative financing available subject to buyer's qualification