Hancock Park Area Restaurant w/Sidewalk Seating
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This Hancock Park area restaurant with sidewalk seating boasts a high visibility location with a liquor license, and onsite parking. The restaurant offers a cozy, inviting atmosphere in a highly accessible location in an affluent area. The venue is surrounded by a residential neighborhood, which draws steady foot traffic throughout the week.
Seller also agreed to take $150k downpayment.
Seller also agreed to take $150k downpayment.
About the Business
- Years in Operation
- 4
- Employees
- 5 Part-time
- Facilities & Assets
- This 1,206 square foot venue leases for $11.4k per month on a lease until 2027 with two 5-year options. The location sublets 700 square feet of its space for $4k/month. While its name and menu will not be included, all of its furniture, fixtures, equipment and Type 47 Liquor License will be included. An estimated $5k in beer, wine and liquor inventory will be sold at cost at close, in addition to purchase price.
- Market Outlook / Competition
- While other establishments may rely heavily on brand recognition or fast-casual concepts, this restaurant stands out with its authentic Italian offerings and warm, sit-down atmosphere. Its prime location—nestled within a busy retail plaza with strong anchor tenants and ample parking—gives it an edge by capturing both destination diners and spontaneous foot traffic from nearby shoppers and residents.
- Opportunities for Growth
- New operators may choose to capitalize on this high visibility corner location to launch any number of concepts. The venue’s location, liquor license and onsite parking lot provide a strong foundation, while its flexible layout, and kitchen equipped with 2 stoves, an oven, grill, griddle and deep fryers, provide management a variety of options when taking the location forward.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,206
- Rent
- $11,400.00 per month
About the Sale
- Seller Motivation
- Personal
- Transition Support
- Seller will train for 2 weeks at 20hrs per week or as negotiated.
- Financing Options
- Seller may consider a $100k carry for 3 years for a qualified buyer.
Listing Info
- ID
- 2518357
- Listing Views
Listing ID: 2518357 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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