High Profit Margins!
This restaurant serves classic lunch and dinner items such as burgers, fries, sandwiches, BBQ and even lobster. The location is fantastic; it’s in historic downtown Los Angeles. There is plenty of parking in the lots and structures in the surrounding area, plus street parking to boot! In 2018, the current owner foresaw the rise of the delivery services, and shifted gears to run this business as a ghost kitchen, takeout and delivery only. He's done a fantastic job with that model, turning a $200k annual profit.
The dining room buildout is fantastic. Using resources from this 100+ year old building, the owner repurposed the original redwood, creating high back private wood booths, chalkboards lined with the original copper pipes to showcase the ales on tap, and built a large rustic communal table. The cathedral ceilings are outstanding and the outdoor patio is the best seat on the block! The kitchen offers ample workspace, plenty of refrigeration and a gigantic hood equipped with all the bells and whistles.
Despite his success, the seller is planning to change careers. An ambitious owner-operator can step in and take this restaurant to the next level. Stick with the ghost kitchen model or re-open the dining room and patio and actually sell beer with that 41 license. Or do both! Increase advertising, spruce up the website, and extend the hours (currently open 6pm-3am) to catch the lunch rush in this heavy foot traffic area. Turn on the flat screen TVs, advertise for sporting events, and sell more beer and wine! Finally, apply for a full 47 liquor license (already landlord/city approved), hire a DJ and boost both the crowds and profits!
This restaurant is operating as a ghost kitchen, but has a beautiful dining room already built. If you are a driven, owner operator chef, and want to step immediately into 6-figure income, then this is an opportunity for you. Contact the Agent today and remember to ask about SBA financing if you have good credit and experience!