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#396
Los Angeles Restaurants For Sale

FIRST CLASS QUICK SERVE ASIAN FACILITY IN WARNER CENTER

$75,000
FIRST CLASS QUICK SERVE ASIAN FACILITY IN WARNER CENTER
This Listing is Expired
This facility has all the quality equipment and leasehold improvements one would expect from a first class International franchise. Built in 2004, this Asian restaurant should remain Asian in order to Landlord approval. There are about 2,400 Sq. Ft. for sit down and take-out in addition to some outside seating. Franchise is not included in the sale. Since this is an asset sale, no Financials are provided. The buyers must have multiple restaurants in their portfolio with a strong balance sheet or a high net worth with plenty of liquid assets.
This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
7.5 year remain + 2 Five Yr. Options
Total Monthly Rent:
$8,466

Operations

Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
Outdoor Seating:
40
Inside Sq. Ft.:
2,282

Highlights

  • First Class Quick Serve Asian
  • Approx. 2,477 Sq, Ft.
  • Nearly New Facility w/ First Class Equipment
  • Lease has 7.5 yrs left + 2 five yr options
  • Owned by large corporation - Top Quality Workmanship
  • High Density Area of Woodland Hills
  • Must Remain Asian
  • Built in 2004
  • Buyer must have Strong Balance Sheet
  • Prefer a chain Asian restaurant group

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 43,545 99,037 353,494
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 16,697 35,804 118,130
2010 Persons Per Household 2.35 2.56 2.87
Median House Value $552,000 $525,722 $508,669
Income Per Household $76,548 $73,717 $71,605
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,108 4,971 11,297
2012 Number Of Employees 89,876 141,170 256,404
2012 Total Annual Payroll $3,004,802,000 $3,948,711,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.

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