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North Hollywood Quick Service Rest. w/Low Rent

This North Hollywood (Valley Village adjacent) quick service restaurant is ideally located near a major high traffic intersection. The secured low rent of $1,300 per month helps an owner achieve high profit margins, thus maximizing cash flow. The restaurant, which specializes in Mediterranean cuisine, is open Monday through Saturday from 10 – 8 pm, and offers Mediterranean cuisine. The concept may be continued or converted to a number of other concepts such as Italian, Greek, Indian, Japanese, or Teriyaki, though Mexican may be preferred due to the location’s predominantly Hispanic market. This simple restaurant is clean and appears to be very well maintained.

The restaurant is located in a 1,000 square foot facility that leases for $1,300 per month (including CAM). The lease includes a five year term that expires in 2011, with one 5 year option. The sale includes all the business assets including the restaurant’s name, buildout, equipment, furniture, fixtures, customer base, goodwill and approximately $2,000 in inventory.

Competition is considered medium as other restaurants exist in the area, however this facility’s low rent (occupancy cost of less than 10% of total sales) coupled with its excellent location, provides the owner the opportunity to capitalize on the densely populated residential market with strong commuter traffic.

This business has a great deal of growth potential. As the existing owners do not advertise, a new owner could promote the restaurant via direct mail, coupon books, lunch specials, door flyers and local business co-op specials. A new owner may also consider adding a beer and wine license, introducing a buffet special, or modifying the menu to include pizza, chicken wings, gyros, kabobs, sushi, or Mexican food.