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4808 Melrose Avenue

Los Angeles (City), CA 90049
  • $220,000
  • STATUS: Active
  • ON SITE: 186 Days
  • ID#: AR23190588
$220,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

Listing Agent(s): Sitong Liu of CBD Investment Inc T.C. (626-309-1900)


Description

Discover a lucrative cash cow business nestled in the heart of East Hollywood. The current owner has masterfully crafted a winning formula, operating exclusively from 4 PM to 12 AM, focusing solely on take-out orders, ensuring an impressive financial performance. This business is a financial powerhouse, with monthly sales averaging approximately $120,000 during the flat season (August-November) and an even more impressive $150,000 per month for the remainder of the year. Spanning 3,500 square feet, the business offers ample space to streamline operations, all for a low monthly rent of just $6,000, which includes NNN expenses. With three years left on the lease, you have a solid foundation for continued success. The kitchen is well-appointed with essential equipment, including a standing roast oven, a large hood for ventilation, a walk-in cooler, and a walk-in freezer all maintained in excellent working condition.The business operates with a skilled team of four employees in the back of the house and an additional front-of-house employee. The remarkable success of the business is such that even the owner occasionally steps in to assist at the front, underscoring the appeal of the operation. The seller is prepared to embark on a well-deserved retirement, leaving behind a thriving business poised for a new owner to continue reaping the benefits.Don't miss the chance to own this turnkey cash cow business in a prime East Hollywood location. Seize the opportunity to take over a successful enterprise and chart your own path to continued prosperity. Inquire today to learn more about this fantastic investment.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
www.bobkellyteam.com/homes/144326288
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4808 Melrose Avenue Los Angeles (City), CA 90049

  • Price: $220,000
  • Status: Active
  • On Site: 186 Days
  • ID#: AR23190588
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
Discover a lucrative cash cow business nestled in the heart of East Hollywood. The current owner has masterfully crafted a winning formula, operating exclusively from 4 PM to 12 AM, focusing solely on take-out orders, ensuring an impressive financial performance. This business is a financial powerhouse, with monthly sales averaging approximately $120,000 during the flat season (August-November) and an even more impressive $150,000 per month for the remainder of the year. Spanning 3,500 square feet, the business offers ample space to streamline operations, all for a low monthly rent of just $6,000, which includes NNN expenses. With three years left on the lease, you have a solid foundation for continued success. The kitchen is well-appointed with essential equipment, including a standing roast oven, a large hood for ventilation, a walk-in cooler, and a walk-in freezer all maintained in excellent working condition.The business operates with a skilled team of four employees in the back of the house and an additional front-of-house employee. The remarkable success of the business is such that even the owner occasionally steps in to assist at the front, underscoring the appeal of the operation. The seller is prepared to embark on a well-deserved retirement, leaving behind a thriving business poised for a new owner to continue reaping the benefits.Don't miss the chance to own this turnkey cash cow business in a prime East Hollywood location. Seize the opportunity to take over a successful enterprise and chart your own path to continued prosperity. Inquire today to learn more about this fantastic investment.
Property Features

Additional Parcels YN No Business Type Restaurant Leasable Area 3500 Listing Agreement Exclusive Right To Sell Total Actual Rent 6000



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
 
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The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
8898 La Mesa Blvd.
La Mesa CA, 92042
Listing Agent(s): Sitong Liu of CBD Investment Inc T.C. (626-309-1900)