GOOD FAMILY BUSINESS OPPORTUNITY
Located in a high traffic area in Downtown Los Angeles in the Little Tokyo Area, this little gem is just waiting for an owner that will release the potential.Surrounded with Business Offices for a solid Lunch business and with towering residential town homes apartments and hotel for Dinner Hours. Then there's a Strong Weekend crowd that visits the area so there is no reason a seasoned restaurant professional could not see a substantial business established here.
Current owner has not been working the business and has it run by employees so it has never had that personal Owners touch. Then limiting the hours to ONLY 5 Hours a day Monday through Friday as she did not have the funding to back additional hours or trained employees to cover additional hours.
Owner will be moving from the Los Angeles area in the near future so its time to open this up to someone looking for an inexpensive fully operating restaurant at a fraction of the cost to open a new place. The restaurant underwent a very nice face lift upon current owners taking over so there is very little for a buyer to do to make the restaurant appealing to guests.
With all the things working against this place it still has a 4.5 Star review on Yelp showing people are enjoying their visits here, so a buyer could keep everything already here and add personal touches OR a Buyer could come in and change it all up with a completely new concept.
Restaurant is equipped with a hot air hood that allows an oven or any other cooking equipment that does not require fire suppressing features (check with local health department). There is a Turbo Chef Conveyor Toasting Oven, NU-VUE single door convection oven, Soup Kettle, Hot Plate Cooker and all the refrigeration and work tables, shelves and more.
With a rent all in at $4500 for a downtown location with 767 sq ft, Lease runs to June 30, 2022 with a 3 year option.
There is a large Parking Structure across from the restaurant.
Please remember when visiting do NOT talk to employees about it being for sale.
This is a a Paramount Restaurant Brokers, Inc. listing.
|2014 Total Population||25,172||292,316||1,042,664|
|2010 Number Of Households||10,327||103,865||329,803|
|2010 Persons Per Household||2.12||2.67||3.01|
|Median House Value||$394,500||$394,946||$434,331|
|Income Per Household||$28,879||$30,911||$36,537|
|2009 Number Of Businesses||1,247||14,809||29,509|
|2012 Number Of Employees||45,776||472,976||897,504|
|2012 Total Annual Payroll||$1,268,118,000||$4,294,967,295||$4,294,967,295|
Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it. In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.