Profitable Restaurant Chain w/Proven Concept – 2 Locations!
This formidable 2 location restaurant chain with a proven concept operates from 2 of the most prestigious, high-profile locations that the city has to offer. One location is positioned to provide high quality mid-range to fine dining cuisine to those in the greater Beverly Hills and West Los Angeles areas, while the second caters to the most affluent areas of the San Fernando Valley.
The premises are 3,500 square feet with a 1,100 square foot patio and 4,300 with a 1,700 square foot patio. Each creates an ambiance that complements the popular food concept. Both are in high profile locations with abundant parking and complementary neighboring businesses. The facilities lease for $43,000 and $31,500 per month including base rent and triple net (NNN) and/or common area maintenance (CAM) fees. The leases expire in June 2028 and May 2022 respectively.
While competition exists in both highly popular dining and entertainment destinations, this branded concept has set itself apart by its chef created menu, recipes and wine selection, stellar customer service, authentic atmosphere and dining ambiance. For these reasons, coupled with the brand’s high traffic locations, customer following that has been amassed from nearly a decade of never disappointing meals served, the concept is considered to be long-term and sustainable.
Growth & Expansion
New operators will likely wish to capitalize on the brand’s goodwill and established following to open comparable locations. If a regional chain is desired, the concept could thrive in areas such as Santa Monica, Hollywood, Downtown Los Angeles, the South Bay Beach Cities as well as prestigious coastal cities like Newport Beach, Laguna, San Diego, Santa Barbara or Las Vegas. Since the business has been professionally managed and its model established with years of best in place, new management may consider licensing or franchising options to grow.
At a Glance
Asking Price $7,000,000
Gross Revenues $9,145,000
Potential Cash Flow $1,260,000
Location Los Angeles, CA