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An iconic Los Angeles restaurant, bar, and bakery located in the heart of a pedestrian-friendly Village. The area is world-famous for its boutiques, coffee shops, restaurants, theaters, and bars. Minutes walk to two of LA's most-recognized hotspots.
The restaurant is practically an LA institution, it's been in this location since the 1930s. Many of the dining establishments in the area are known for celebrity sightings, and it's not unusual to see film crews at work or paparazzi hanging around. This is also the spot where late-night diners eat when everything else is closed. In addition to their dining revenue, The restaurant generates an additional $50k-$100K income annually from some of the biggest studios and stars, including HBO and Netflix who film at the restaurant!
The location doesn't get much better than this; the surrounding area is filled with patrons with disposable income to spend on their favorite local restaurant. One of LA's largest medical hubs is only a half mile away, and a huge number of doctors, nurses, and medical staff work there. The hub consists of three major hospitals. as well as a big cluster of adjacent medical buildings and clinics, all within a one-mile radius.
The surrounding neighborhoods are packed with businesses, tourist traffic, commercial buildings, professional companies, and movie studios. Hollywood and Sunset Blvd are major tourist attractions, known for their attractions, sightseeing, and nightlife. The area draws substantial foot traffic, and is alongside major venues. The Hollywood Walk of Fame is stacked with hotels, film studios, and commercial buildings. The clientele and disposable income in this part of town is primed for growth.
The restaurant grosses an average of $3 million prior to Covid. They still generated $2.2 million in 2020 despite Covid closures. Their revenue is based on their longevity, great location, client base and reputation: it all happens with zero marketing or community engagement.
Take the restaurant to the next level with strong, consistent traditional and digital advertising. The area is dense with companies, busy professionals, the medical center, and high-income residents, all catering customers. However, restaurant lacks a formal catering program! Their 58 license allows them to cater events offsite, and their 77 license allows them to hold events adjacent to the property. Parties, private events, industry gatherings, movie shoots: there is massive potential in the high income demographic in just the 5 miles surrounding the restaurant, & their kitchen is equipped to handle it!!
The restaurant is current a family run affair, and the owner has health issues and can no longer operate the business effectively. This is a rare opportunity for an experienced restaurateur to step into a unique location, with great revenue and profit, and grow it to the limits of their talent and capacity. Please be aware that only financially qualified, experienced Buyers will be considered for this opportunity. If that is you, here's your chance to own an iconic French restaurant in the heart of the City of Angels. It simply doesn't get better than this, call the Agent today!
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