Restaurant with hookah.

Los Angeles, CA
listing image
Asking Price:$110,000
Gross Revenue:$180,000
BUSINESS DESCRIPTION

Great location in famous Fairfax District. Has full visibility on a major Blvd, with lots of cars and foot traffic. Surrounded by residential, commercial and retail stores, this venue was established 20 years ago by current seller. The building size is approximately 1,500 SF, seats 30 patrons inside, and 25 outside along a wide sidewalk. Has a separate room to prepare the hookahs, a small office, storage area and 2 bathrooms.8 foot hood above the cooking area Kitchen is equipped with: gas grill W/brickets gas griddle, 4 burner stove W/oven gas,2 compartment electric fryer,1 electric pizza oven countertop,2 single door freezer,1 reach in freezer, 1 meat slicer Hobart, 2 rice cooker electric, 1 electric Panini press, 3 microwaves, 5 refrigerators, 2 under counter 2 door fridge 4 feet, 1 six foot deli, sandwich prep table, one register, 1 clover processing machine,6 floor heaters,65” television, coffee maker, coffee grinder, and 30 hookahs. Menu includes: hookah with all different flavors, chicken, beef plates and wraps, kibbeh, hummus, baba ghanooj, olives, falafel, grape leaves, spinach pies, tabouleh, garlic fries, grilled eggplants and zucchini, zaatar bread, salads, soups, stews, burgers, rice pilaf, shrimps, cucumber yogurt, grilled vegetables and more. As to the drinks: a menu of hot teas, all kinds of coffees; Turkish coffee, espresso, cappuccino, mocha, chai latte, cold drinks, sodas juices and the baklava sweet. Business opens 7 days 11:00 am- 11:00pm, run by a husband and wife and one employee. The major monthly expenses are: rent $4,400 NNN included, utilities $1000 and payroll $2,000. Landlord would give the new buyer a 5 years lease term. Current annual gross sales are $180,000, used to make much more. Business does not engage in any marketing efforts relying only on word of mouth. A savvy buyer can increase the sales volume by: advertising, using social media, starting a customers’ loyalty program etc.
This opportunity with all licenses and permits in place is most convenient for an owner/operator, or as a family run business. Old age and health condition are forcing sale.


DETAILED INFORMATION
Location
Los Angeles, CA
Inventory
Not Included in asking price
Employees
1
Facilities
Building size is approximately 1,500 SF. Seats 30 patrons inside and 25 outside. Rent is $4,400/MO, Landlord will give the new buyer a 5 years lease.
Competition
Business is in a prime location , full visibility on a major Blvd with lots of cars and foot traffic. No close competition. Serves Mediterranean food and hookah.
Growth & Expansion
There is a great room to grow. Seller does not engage in any marketing efforts relying on word of mouth. A savvy buyer can the sale volume by : advertising, using social media, starting a customers' loyalty program etc.
Support & Training
Seller will train in managing the business and will give the buyer his food recipes.
Reason for Selling
Old age and health reason forcing sale.
Report an Issue with this listing
Michael Raad
Berkshire Hathaway golden realty
Michael Raad