Westwood Village Ucla Restaurant Wtih Beer & Wine For Sale

Business description

This absentee owned Westwood Village / UCLA area restaurant with a beer and wine license and favorable rent, is located in a coveted location that is ideal to cater to students and faculty, as well as to Westwood, West Los Angeles and Brentwood businesses and residents. The location benefits from fantastic street exposure and freeway access, heavy foot traffic, proximity to the campus and student housing (more favorable than the competition’s), and plenty of nearby public parking lots. As the business is absentee run and not marketed, tremendous potential exists for a working owner to continue the current ethnic concept, or to capitalize on the business’s stellar location, beer and wine license, and $250,000 build-out to launch a new concept!

Property information

Real Estate:

Lease

Lease terms:

This prominently located 1,500 square foot facility with parking leases for $5,172 per month plus an additional $750 in property related expenses on a secure lease, with a new lease and options to be negotiated in the sale

Location:

This prominently located 1,500 square foot facility with parking leases for $5,172 per month plus an additional $750 in property related expenses on a secure lease, with a new lease and options to be negotiated in the sale. The sale includes all of the business’s assets including its Type 41 Beer & Wine license, seating for nearly 50 patrons, a POS system, surveillance system with 4 cameras and offsite viewing capability, and a complete kitchen with an oven, stove, grill, deep fryer, salad prep table, two door fridge, walk-in cooler, and three bucket sink.

Size in square feet:

1,500

Other information

Expansion potential:

As the current owner is entirely absentee this venue would save tremendously from an on site working owner (which the indicated financials assume) that invests heavily into marketing and advertising, while simultaneously likely enhancing its customer service offering. New owners will also surely be able to capitalize on a new nearby student housing building that should accommodate 600 to 700 students / customer within the next few months, while also tackling still relatively untapped markets, including the rest of the UCLA campus and medical center, Wilshire’s thriving business district and Westwood’s luxury condominium corridor.

Competition / Market:

This restaurant does face competition on various levels in the immediate area, as Westwood Village is a highly competitive market. The venue, however, is the closest to campus and student housing when compared to others with a similar concept.

Support & training:

2 wks at 20 hrs/wk