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Highly Profitable Catering Company & Restaurant | $574k NOI YTD

Los Angeles, CA

Seller Financing Available

Restaurant Space
Asking Price:$1,200,000
Rent:$11,000/Month
Gross Revenue:$2,089,425
FF&E:$150,000
Listing ID: 2108107Listing provided by BizBuySell
BUSINESS DESCRIPTION

District Realty Group is proud to present a unique opportunity to purchase a highly profitable catering and restaurant business that also has a prime brick and mortar location in Hollywood, California. The subject restaurant/business has catered for notable establishments such as Netflix, NFL, Sephora, UCLA, and many others. With a long list of existing catering contracts, the company is positioned for continued success and longevity. NEW CONTRACTS INCLUDE First Class Airline Catering! The restaurant space that houses the restaurant/kitchen offers a newly renovated turnkey build-out with high ceilings, exposed brick finishes, a rare 35’ hood, and top-of-the-line fixtures.

Financials and a full operating memorandum are available upon a signed NDA. Serious inquiries only please.

DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,200
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
56 Seats +/-, Recently renovated the ceilings, Can use neighbors patios all week for free except Friday and Saturday , 35 Foot Hood, Beer fridges, New water heater, Bread slicer, Traulsen standing fridge, Dual Walk in cooler, approximately 150 SF, Pizza oven bakers pride, 2 Fryers Montague double convection oven- can make 800 small pies CMA Dishwasher owned (only has done 20,000+/- loads) 4 and 6 burner gas stove tops , Hobart mixer (has its own power panel) 8 month old water heater 2 x 250 amp panels 220 volt plug available Grease interceptor
Competition
The company name is trademarked nationwide. Competition exists but the catering contracts that the subject company has are very exclusive and hard to attain.
Growth & Expansion
Additional catering contracts, airline contracts, events, weddings, additional menu items, and many other value add factors.
Financing
Subject to terms and conditions
Support & Training
Full training and support is available upon request.
Reason for Selling
Seller is having children and is retiring from the business.
BUSINESS LOCATION
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