$70,000 Asset Sale - Modern Asian Restaurant in fashionable Los Feliz area of Los Angeles

RRC#5313
Asking Price: $70,000
Location: Los Angeles County
Annual Revenue: $674,460
Monthly Rent: $9,700

Listing Description:

Price reduced to $70,000.

Los Feliz area Restaurant for sale, priced at $70,000.

The business name and recipes are not included in the sale. The sale includes all the physical assets inside the space (fixtures, furniture, and equipment). Buyer will need to operate under their own name and concept, and the Seller is highly motivated so a quick sale is preferable.



The current owner spent several months preparing the space before opening new in early 2025, resulting in a fully ADA-compliant, move-in-ready restaurant. Appliances were bought new and are paid for, sewage lines were de-scaled prior to opening, and new tankless water heater installed, allowing for smooth operations from day 1 and extremely low annual maintenance.



Located on a world famous street, in Los Feliz, adjacent to Kaiser, and Children's Hospital, and walking distance to Art Barnsdall Park and multiple new apartment complexes, this restaurant is blessed with high foot traffic and is often packed with customers on their way to the nearby Griffith Observatory, the Hollywood Bowl, the Greek Theater, and many other nearby attractions. The nearby Hollywood Hills provides a wealthy customer base.



The fully equipped facility boasts an open kitchen layout allowing customers to watch their food being prepared, type 1 hood and fire suppression system, Beer & Wine ABC type 41 license, patio seating, cute indoor bar seating 6 and chef's counter also seating 6.



The concept can be altered to suit a new operator. Long lease remaining at $9,700 monthly for this prime corner location with huge curb appeal and the benefit of a brand-new restaurant. This is an asset sale at $99,000 which is an extremely reasonable price for such an opportunity.



To receive more information and discuss this opportunity with the broker, please complete the ‘Non-Disclosure Agreement’ on our website and receive the name and address immediately, along with the full financial history, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.