This Well Established 16 Year Old East Hollywood / Melrose Area Ethnic Concept Restaurant Is Well Suited For Any Operator Seeking A Very Simple Restaurant Operation With A Steady, High Margin Cash Flow (The Current And Former Owners Are Not The Same Nationality Or Even Race As The Venue’s Concept). The Simple Operation With A Very Straightforward Menu And A Minimum Of Inventory, Operates With 1 Full-Time Working Owner, 1 Part-Time Working Owner, 1 Full-Time And 1 Part-Time Cook / Dishwasher.
This 1,450 Sq. Ft. Facility Leases For 3,350 Per Month, On A 5 Year Lease Expiring In January, 2013 With 1 Five Year Option. The Facility Has Seating For 40 Persons, A Restroom, A Small Walk-In Cooler, Deep-Fryer, Rotisserie Oven, Stove, Several Prep Areas, A 2 Door Refrigerator And A Dry Food Storage Area.
This Area Has A Relatively High Concentration Of Ethnic Restaurants Similar To This One, However, This Is One The Location Has A Unique Competitive Advantage (Via Their Method Of Cooking) That Other Area Restaurants Are Not Permitted, Nor Will Be Permitted, To Offer (According To The Seller). With A Solid Concept, A Competitive Advantage, Great Street Visibility, A Parking Lot, And Easy Access To The 101 Freeway, This Restaurant Should Be A Stable Earner For Years To Come.
As This Restaurant Has Successfully Offered Essentially The Same Menu And Concept For 16 Years, Why Change A Good Thing? Potential Avenues Of Growth May Included Further Promoting Delivery And Catering Services, Establishing A Website, And Doing Local Coupon Mailers Or Advertising Flyers.
Please Note That It Is Necessary For All Prospective Buyers To Fill Out A Non-Disclosure Agreement As Well A Buyer Profile Not Only Indicating Ability To Purchase, But Also Identifying Where Funding Will Come From. Requests For Specific Data Without Such Will Not Be Entertained, Nor Will Responses Such As Not Applicable, Bank Loan (Without Indicating % Down), Or Investors. This Opportunity Is Not Available For Co-Broker At This Time.
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