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Landmark Mediterranean Restaurant With Full Liquor License

Los Angeles, CA

Seller Financing Available

Asking Price:$550,000
Gross Revenue:$2,525,000
FF&E:$512,160
Cash Flow:$255,000
Rent:$35,000/Month
Established Year:1985
Listing ID: 2288572Listing provided by BizBuySell
BUSINESS DESCRIPTION

Staff in Place, profitable, tons of parking

Turnkey Restaurant Opportunity: This established restaurant is a community favorite, conveniently located just a short walk from the Americana shopping center. With ample parking and a full liquor license, it offers a significant advantage over nearby competitors. The business includes high-quality kitchen equipment, fixtures, and furniture, valued at over half a million dollars. A dedicated team of employees, many with decades of experience, ensures a smooth transition for the new owner. This turnkey investment presents a prime opportunity for savvy restaurateurs.

ATTACHED DOCUMENTS
Restaurant Assets.pdf.pdf Download
DETAILED INFORMATION
Location
Los Angeles, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
9,177
Lease Expiration
31/12/2033
Employees
22
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Please see attached brochure for a breakdown of all assets included.
Competition
The restaurant has been here for over 30 years, it boasts a total capacity of over 300 occupants. It has a separate upstairs area used only for large parties and banquets, a beautiful outdoor patio with main street frontage, as well as a large dining room downstairs with an adjacent small room that can be used for regular service as well as small parties.
Growth & Expansion
Since COVID owners began closing the restaurant earlier. The right operators could easily double or triple the amount of business this restaurant is doing simply by staying open later and selling more alcohol! The sky is the limit with this beautiful gem that has huge occupancy capabilities and more than ample parking!
Financing
Owners are open to financing a portion of the sale price based on buyer credit
Support & Training
Owners are open to providing as much support and training as the buyer requires, mutually agreeable details will be arranged prior to closing.
Reason for Selling
Owners are retiring.
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Allen Davidson
Allen Davidson