Active
Mediterranean Restaurant w/Thriving Catering Biz-$500,000 Annual Net Income
Mediterranean Restaurant & High-Volume Catering Business with Stellar Reviews & High Income
Step into ownership of a highly successful Mediterranean restaurant and catering operation, ideally located in the bustling Los Angeles/Hollywood area. This well-established business features a charming 2,200 sq. ft. space with both indoor and outdoor dining, a small bar, a fully equipped kitchen for high-volume catering, and a valuable beer and wine license.
Situated on a prime corner with inviting outdoor seating, this restaurant attracts both locals and tourists, providing a vibrant dining experience. The catering side of the business is booming, with a loyal client base and established corporate accounts that generate consistent, repeat revenue through on-premise and off-premise events. Known for its authentic Mediterranean cuisine and exceptional service, the business enjoys an outstanding 4.7-star Google rating.
This is a seamless, well-run operation, fully staffed with 8 dedicated full-time employees, 3 part-time team members, and additional catering staff as needed. It’s a perfect opportunity for experienced restaurateurs or catering professionals looking to invest in a profitable, community-loved business with a solid reputation.
Additional Highlights: Prime location in the LA area, Favorable lease terms: $9,671 monthly base rent + $1,600 CAM, Great online presence and reputation Smooth operations with dedicated staff and established systems.
This is more than just a restaurant; it’s a unique investment in an authentic, profitable business that brings Mediterranean flavors and ambiance to LA’s vibrant dining scene. Don’t miss this opportunity!
Some equipment includes: Walk-in cooler, 18-foot hood, Baker’s Pride double bread/pizza oven, stacking ovens, 2 prep stations, 5 prep tables, 6 burner stove top, single burner, 4 burner stove top, flat grill, charbroiler, double fryer, 2 freezers, double convection oven, dishwasher, salamander, food warmers, POS system, dough mixer, dough sheeter, robot coupe, 3 immersive blenders, meat grinder, bread slicer, juicer, beer refrigerator, display refrigerators, large refrigerator, water boiler, coffee maker, floor mixer, ice machine, chaffing dishes, tables, chairs, pans, utensils, dinnerware, flatware, glassware, sound system, etc.
Listed for $975,000.
Listed By: Teri Craft
Background information
Reference:
medrestcatering
Year established:
December 2022
Reason selling:
Other interests
Finance
Sales:
$1,853,318
Profits:
$500,119
Profit type:
Net Income
Operations
Employees:
8 full-time, 3 part-time with additional catering staff as needed
Equipment:
Walk-in cooler, 18 foot hood, Baker’s Pride double bread/pizza oven, stacking ovens, 2 prep stations, 5 prep tables, 6 burner stove top, single burner, 4 burner stove top, flat grill, charbroiler, double fryer, 2 freezers, double convection oven, dish washer, salamander, food warmers, POS system, dough mixer, dough sheeter, robot coupe, 3 immersive blenders, meat grinder, bread slicer, juicer, beer refrigerator, display refrigerators, large refrigerator, water boiler, coffee maker, floor mixer, ice machine, chaffing dishes, tables, chairs, pans, utensils, dinnerware, flatware, glassware, sound system, etc.
Inventory:
Inventory is available.
Premises
Facility:
This 2,200 sq. ft. restaurant on Highland Ave. offers outdoor dining with a seating capacity of 92 total. 52 indoors & 42 outside. Features 2 new HVAC units and water heater. There is a 6,000 sq. ft. event space next door with a full liquor license that can be utilized for special events. (additional fees and or rent will apply).
Square footage:
2,200
Rent and lease terms:
The monthly rent is $9,671 per month plus CAM charges of $1,600. The lease expires November 30, 2025 and there is one 5-year option to extend. We can assist with the negotiations of a longer lease if desired.
Location:
Centrally located in the L.A-Hollywood area on a major boulevard.
Opportunities
Growth:
Ability to open on Sunday's and additional hours if desired. Their marketing presence continues to be strong and effective.
Market:
Business continues to be strong and is increasing!
Price and terms
Price:
$975,000
Financing:
SBA financing is not available.
Training:
Training is available.