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#6471
Los Angeles

26 years established Thai restaurant for sale in Los Angeles Thai town

$225,000
Available
26 years established Thai restaurant for sale in Los Angeles Thai town



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Established Thai restaurant for sale in Thai Town, Los Angeles. This restaurant hasn’t been on the market for over 25 years! Located in the heart of Thai Town on world famous Hollywood Blvd. with many other restaurants, shops, and cafes nearby. Freestanding building with 13 parking spaces and men/women’s restroom. The interior feels like a homestyle Thai restaurant with a large aquarium inside. Approximately 1344 sq ft with 200 sq ft outdoor dining patio and 13 dedicated parking spaces. There is a 30 foot high monument LED sign on the property for the tenant. You can see the sign a mile away. Lease amount is $9000 + NNN. Gross income a year is currently $900,000/yr. Some of the equipment included are 20 feet type1 hood, walk in cooler, 6 burner stove, 3 wok station, food warmer, 2-door freezer, gas grill, deep fryer, 2-door under the counter prep table + refrigerator. There is also a large storage container outside in the back the restaurant for extra storage. The side of the restaurant can also be used for various purposes.

This is a Grand Realty Group listing.
Business brokering-Industrial-Retail-Leases Tommy Tran DRE License #01439113

Lease

Region:
Los Angeles
Lease Term:
Landlord will provide new lease
Total Monthly Rent:
$10,000

Financials

Last Year's Annual Gross:
$900,000

Operations

# of Full-Time Employees:
7
# of Part-Time Employees:
5
Hours Open:
open everyday from 11-9pm
Hood System Type 1:
Yes

Facilities

# of Parking Spots:
13
Inside Sq. Ft.:
1344 + 200 outdoor dining

Highlights

  • can convert

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 46,410 243,067 839,483
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 21,929 99,488 330,072
2010 Persons Per Household 1.99 2.26 2.40
Median House Value $793,200 $628,127 $604,957
Income Per Household $47,993 $45,829 $48,276
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,267 7,946 24,892
2012 Number Of Employees 47,634 231,648 630,350
2012 Total Annual Payroll $1,339,483,000 $4,294,967,295 $4,294,967,295

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Disclaimer

This information has been secured from sources we believe to be reliable but we make no representations, warranties, express or implied, as to the accuracy of the information. Listing broker has been given enough information to provide only a preliminary interest in the property. The materials are not to be considered fact. The information contained herein is not a substitute for thorough due diligence investigation. References to square footage, zoning, use, or age are approximate. Any renderings should be considered conceptual in nature and such renderings do not represent the current condition or what can or may be done to the property. Neither broker or landlord represent that this space is suitable for your use. Tenant or Buyer must verify the information at their own expense and bears all the risk for any inaccuracies.


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