Semi Absentee Restaurant with full liquor license type 47 on Melrose
Business Description
This established restaurant operation on prestigious Melrose Boulevard represents a prime hospitality investment opportunity with over three decades of continuous operation since the 1990s. The business holds a coveted Type 47 full liquor license, providing comprehensive beverage service capabilities that significantly enhance revenue potential and market positioning.
The establishment has cultivated a distinguished reputation for exceptional culinary offerings, professional service standards, and an expertly curated wine and spirits program. This reputation has generated a loyal customer base and sustained market presence in one of Los Angeles' most sought-after dining corridors.
Operational Structure:
- Current operating schedule: 5 hours weekdays, 7 hours weekends
- Semi-absentee ownership model with established management systems
- Owner involvement limited to purchasing and procurement functions
- Experienced staff manages daily operations independently
Growth Opportunities:
- Expansion of operating hours to pre-COVID schedule (11am-12pm)
- Implementation of food delivery services to capture additional market share
- Flexible concept conversion potential, particularly suited for Mexican cuisine given location demographics
The business benefits from its strategic Melrose Boulevard location, offering high visibility and foot traffic in an established entertainment and dining district.
This opportunity combines the stability of an established operation with significant upside potential through expanded service offerings and extended operating hours. The Type 47 liquor license adds substantial value and competitive advantage in the competitive Los Angeles restaurant market.
BUILDING & PARKING: Street Front with 7 parking spaces located in the Real
SEATING CAPACITY: Approx. 70 more or less
DAYS OPEN & HOURS: 05:00pm to 10:00pm, weekend close @ 12pm
STORE SIZE: Approx. 1,900 SQ. FT. + Patios
HOW LONG EST: Since 1995 and operated by current owner since 1995
NO. OF EMPLOYEE: 9 part-times
OWNER'S WORKING HOURS: Owner works 2 days a week or equal to 6 hours a week or less
LEASE, Approx.: sale is subject to a new lease to buyer with landlord's approval of the same
This restaurant May convert to other type of a restaurant subject to landlord' approval of the same
Please, under any circumstances, do not Disturb discuss the sale of the business with any employer/seller, employee or business neighbor, For more information please contact Listing Broker REMY CHEN @ contact info listed herein-with. Broker/Agent does not guarantee the accuracy of the income, expenses or other information concerning the business provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals.
The establishment has cultivated a distinguished reputation for exceptional culinary offerings, professional service standards, and an expertly curated wine and spirits program. This reputation has generated a loyal customer base and sustained market presence in one of Los Angeles' most sought-after dining corridors.
Operational Structure:
- Current operating schedule: 5 hours weekdays, 7 hours weekends
- Semi-absentee ownership model with established management systems
- Owner involvement limited to purchasing and procurement functions
- Experienced staff manages daily operations independently
Growth Opportunities:
- Expansion of operating hours to pre-COVID schedule (11am-12pm)
- Implementation of food delivery services to capture additional market share
- Flexible concept conversion potential, particularly suited for Mexican cuisine given location demographics
The business benefits from its strategic Melrose Boulevard location, offering high visibility and foot traffic in an established entertainment and dining district.
This opportunity combines the stability of an established operation with significant upside potential through expanded service offerings and extended operating hours. The Type 47 liquor license adds substantial value and competitive advantage in the competitive Los Angeles restaurant market.
BUILDING & PARKING: Street Front with 7 parking spaces located in the Real
SEATING CAPACITY: Approx. 70 more or less
DAYS OPEN & HOURS: 05:00pm to 10:00pm, weekend close @ 12pm
STORE SIZE: Approx. 1,900 SQ. FT. + Patios
HOW LONG EST: Since 1995 and operated by current owner since 1995
NO. OF EMPLOYEE: 9 part-times
OWNER'S WORKING HOURS: Owner works 2 days a week or equal to 6 hours a week or less
LEASE, Approx.: sale is subject to a new lease to buyer with landlord's approval of the same
This restaurant May convert to other type of a restaurant subject to landlord' approval of the same
Please, under any circumstances, do not Disturb discuss the sale of the business with any employer/seller, employee or business neighbor, For more information please contact Listing Broker REMY CHEN @ contact info listed herein-with. Broker/Agent does not guarantee the accuracy of the income, expenses or other information concerning the business provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals.
About the Business
- Years in Operation
- 31
- Employees
- 9 Part-time
- Opportunities for Growth
- Can be converted to other type of restaurant, ideal location for Mexican restaurant
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,900
About the Sale
- Seller Motivation
- Seller is 82 years old wants to retire
- Financing Options
- all cash
Listing Info
- ID
- 2552563
- Listing Views
- 16
Listing ID: 2552563 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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