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For Sale: Restaurant Chain - 2 Locations - Los Angeles

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Current Status: Active     Posting #: 245189     Last Refreshed: 6/13/19    
Contact: Ryan Clark At 310-652-8353  -  Also Email This Contact Below
Price:  $7,000,000     Down:  $7,000,000     Adjusted Net:  $1,260,000     Revenue:  $9,145,000    
Business Address:  None Given     City:  Los Angeles     Zip:  None Given    
Attributes:  Training & Support     Cooperation With Brokers?  Call

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  Description About This Posting: Restaurant Chain - 2 Locations
This formidable 2 location restaurant chain with a proven concept operates from 2 of the most prestigious, high-profile locations that the city has to offer. One location is positioned to provide high quality mid-range to fine dining cuisine to those in the greater Beverly Hills and West Los Angeles areas, while the second caters to the most affluent areas of the San Fernando Valley.

The premises are 3,500 square feet with a 1,100 square foot patio and 4,300 with a 1,700 square foot patio. Each creates an ambiance that complements the popular food concept. Both are in high profile locations with abundant parking and complementary neighboring businesses. The facilities lease for $43,000 and $31,500 per month including base rent and triple net (NNN) and/or common area maintenance (CAM) fees. The leases expire in June 2028 and May 2022 respectively. Each locations furniture, fixtures, equipment and Type 47 Liquor Licenses will be included in the sale, as will the well-known brand's tremendous goodwill comprised of the concept's name, menu, recipes and other intellectual property, vendor and customer list, etc. Approximately $25,000 in beer, wine and liquor inventory per location will be sold at cost at close.

While competition exists in both highly popular dining and entertainment destinations, this branded concept has set itself apart by its chef created menu, recipes and wine selection, stellar customer service, authentic atmosphere and dining ambiance. For these reasons, coupled with the brand's high traffic locations, customer following that has been amassed from nearly a decade of never disappointing meals served, the concept is considered to be long-term and sustainable. This is not only evidenced by each location's revenues, but also by their loyal client base and reviews.

New operators will likely wish to capitalize on the brand's goodwill and established following to open comparable locations. If a regional chain is desired, the concept could thrive in areas such as Santa Monica, Hollywood, Downtown Los Angeles, the South Bay Beach Cities as well as prestigious coastal cities like Newport Beach, Laguna, San Diego, Santa Barbara or Las Vegas. Since the business has been professionally managed and its model established with years of best in place, new management may consider licensing or franchising options to grow the brand.

To get more information about this Restaurant Chain - 2 Locations business for sale in Los Angeles please phone Ryan Clark (Broker) at 310-652-8353 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #245189 on BizBen.com. In addition to phoning Ryan Clark, make sure you email Ryan Clark above to get more info about this Restaurant Chain - 2 Locations, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

  Related Links And Information Regarding This Posting
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  Helpful Resources To Assist In Selling And Buying California Businesses

Mike Brewer: Liquor License Brokers, ABC Consulting Services

Liquor license brokerage and consulting services. We provide: Alcohol License Transfers Application Consulting & Processing, Liquor License Purchases & Sales, City Zoning Permits & Land Use Entitlements, Public Convenience or Necessity Findings and Letters. Phone Mike Brewer direct at 800-437-1100.

Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance

For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.

Diane Boudreau-Tschetter: Escrow And Bulk Sale Services

California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.

Helen Yoo: Escrow & Bulk Sale Services - Southern California

New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Services

Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.


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