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Restaurant Take - Out
Location California,United States
Asking Price Range < $250K
Gross Revenues $400000
Net Profit / Cash Flow $160000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2008
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Reason for Sale Retiring
Description Located in the heart of one of Hollywood's robust tourist neighborhood is a local favorite for quality food at great prices. It offers the very best of Lebanese foods. For an average price of $7-10 you get a complete meal of great tasting food that you can pick up, eat there or have it delivered. During its 4-year history it has become a local favorite with the many hotels, local college students and high level of pedestrian tourist traffic. They have developed a simple marketing strategy. Start with great tasting food, ample portions and budget prices. They then make it simple and convenient to order by phone or online. They developed a web site that focuses on the menu and the food. Each and every menu item is attractively pictured on the site. They then distribute attractive menus {with menu pictures} to the 10 budget hotels located within short walking distance. The flyers highlight the website where you can directly order from and either pick-up or have your meal delivered. All web orders are pre-paid by credit card. Located in the middle of Hollywood's tourist area of Sunset & Hollywood Blvd.
There are 10 moderately priced value hotels catering to budget minded guests drawn to this high tourist traffic neighborhood all located within a 1-5 block
LA Community College, a large commuter school with over 16,000 thousands budget conscious always hungry students is located within 1-mile
Low prices and large portions of great tasting food is ideally suited to taking advantage of the neighborhood hotels, colleges and local tourists pedestrians all looking for great food at budget prices
An attractive website details their entire menu pictorially and very attractively. The website provides for online ordering and payment, delivery and pick-up.
Yelp gives it 4-stars with dozens of great reviews
Owner has multiple businesses requiring a 12-15 hour work schedule. He's financially comfortable and simply want to simplify his life and semi-retir
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