This Downtown Los Angeles fast casual restaurant boasts a full bar with liquor and a tremendous and highly flexible buildout. While not currently used, the conditional use permit may even allow for live entertainment (thought no dancing). This venue is located in a popular high traffic area of downtown Los Angeles's financial district (as opposed to Little Tokyo, the Arts District, the Fashion District or the Spring Street enclave). This venue is being offered at a fraction of the amount that any new buildout would cost, yet comes with 2-3 hoods and a Type 47 Liquor License (valued at more than the asking price). The venue has plenty of hood space in an open kitchen set up. It has seating for 143 patrons.
This 4,361 usable square foot (4,891 rentable) location leases for $17,890 per month plus approximately $3,000 in triple net (NNN) on a lease that is valid through August 2023 with 2 5 year options at fair market value. All of the business's furniture, non-branded fixtures, equipment and Type 47 liquor license with a condition use permit that allows for restaurant service until 2 am on weekends will be included in the sale. The venue's name, exact concept, branding and brand related fixtures and associated goodwill will not be included. $5K - $10K in liquor inventory will be sold at cost.
Downtown Los Angeles is popular high traffic area, particularly during the weekday lunch crowd rush. This venue's prime location, high traffic area, bar with liquor entitlements, provide it several competitive advantages for the right concept.
New operators may capitalize on this facility's tremendous location, expensive build-out and liquor (and perhaps even live entertainment) entitlement's to launch any number of concepts that may thrive in the bourgeoning Downtown Los Angeles business, education, and residential communities.