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Description

OFF-MARKET

Southern Style Breakfast & Lunch Restaurant by LAX
Los Angeles – (California)
90045

  • Asking Price: $285,000
  • Cash Flow: $113,324
  • Gross Revenue: $466,131
  • EBITA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Established: 2014
  • Employees: 7

Business Description:

The restaurant is proud to serve breakfast and lunch near Los Angeles International Airport. It is a no-frills, daytime café serving up highly-rated southern-inspired, American dishes in an easygoing atmosphere. The Business offers dine in, take out, catering.

The restaurant serves the best food products using the highest quality ingredients and plates consistently great dishes. Its core competencies and strengths include being well-established in a walkable downtown location, has a high percentage of loyal, return customers, offers a menu unique to the community with its southern twist. And serving only breakfast and lunch, its operating hours are great.

The Seller currently is not spending any budget on marketing. Customers are 100% by referral, word of mouth, walk-ins from the high-traffic neighborhood or thanks to tremendous social media reviews.

The Business has a professional website and visually strong social media presence that has helped boost revenue. Yelp shows over 600 reviews, and an average rating of 4 stars.The Business also has developed very strong vendor relationships with reliable and top-rated food service providers.

Photographs includes in the Confidential Information Memorandum crafted by ProNova Partners. NDA is required.

Detailed Information:

  • Facilities: Month-to-month lease; rent is $2,400. Site is 1,200 square feet.
  • Competition: This Business is well differentiated by its unique southern style American breakfast.
  • Growth/Expansion: Seller suggests that to increase business and boost profits, a Buyer could be more active on social media, step up marketing for catering services, register with delivering services like Uber Eats and print business cards for referrals.
  • Financing: TBD.
  • Support & Training: 4 weeks at 20 hours per week.
  • Reason for Selling: Retirement. The Seller plans to semi-retire, travel and own a small sandwich place, instead of a full-blown restaurant.

Bright Outlook

The top things the Seller would suggest a new owner do to expand the business and boost profits:

1. Increase activity on social media

2. Aggressively market catering capabilities

3. Associate with delivering services like Uber Eats

4. Print business cards to pass out for referrals

Sales and Marketing

The Seller does not spend money on marketing. Customers are 100% by referral, word of mouth, or walk-in or due to its strong social media presence and outstanding customer reviews.

Business Trend:

Increased Breakfast Traffic – Consumers are increasingly seeking fast, inexpensive restaurant breakfasts. With lunch and dinner sales having been relatively flat for years, more chains are focusing on winning over breakfast fans. Taco Bell, McDonald’s, Jack in the Box, Hardee’s, and Carl’s Jr. are among the chains that have launched marketing campaigns and menu items centered on the first meal of the day. Many establishments are also expanding their morning hours to further boost growth.

Micro Restaurant Chain Growth – Small restaurant chains are thriving in several major US cities as local and independent restaurant operators expand into new locations. Micro-chain restaurants consisting of three to 19 units have succeeded in these markets by offering higher quality menu selections that reflect emerging consumer food preferences, according to NPD Group. Independent restaurants that offer creative concepts, quality food, and differentiated customer experiences could seek opportunities to expand their footprints in major urban markets.

Contact info

Pronova Partners

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