Great Potential Downtown La Food Court Grill For Sale

Business description

This semi-absentee owned downtown fast food, quick service style grill is located in a food court setting that is very near to the jewelry and fashion district, as well as Staples Center. The grill, which has been permitted to sell beer and wine (the license recently lapsed), is located in a high foot traffic residential building that serves the employees and patrons of all of the nearby retail stores. The facility has a full grill, two stoves and ovens, deep fryer, salad prep tables, microwave, walk-in cooler, manager’s office and multi-station point of sale system. The location has seating for well over 100 in a setting shared with neighboring restaurants.

Property information

Real Estate:

Lease

Lease terms:

This 1,100 square foot facility leases for $4,200 per month on a lease until 2012, with one five year option.

Location:

This 1,100 square foot facility leases for $4,200 per month on a lease until 2012, with one five year option. The sale includes the business’s Type 41 Beer & Wine License (though it may need to be reactivated), as well as its furniture, fixtures, equipment, goodwill, lease rights, etc.

Size in square feet:

1,100

Other information

Expansion potential:

A new owner will likely seek to play a full-time active role in working at the business, as well as promoting it to nearby customers. Of course, depending on the concept, new management will likely seek to reactive the location’s beer and wine license, and capitalize on its usage.

Competition / Market:

This restaurant is set amongst a number of other types of fast food locations. Concepts that may thrive in this location include deli sandwiches, salads, burgers, barbeque, sushi, noodles, Mexican, Thai, etc. As the food court has a built-in client base from local residents and an adjacent building, as well as neighboring businesses employees and customers, it has a distinct advantage over restaurants in other downtown locations.

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Personal

Financing available:

Not Offered

Furniture / Fixtures value:

$20,000 (included in the asking price)

Inventory / Stock value:

$2,000