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#774
Los Angeles Restaurants For Sale

Mediterranean Restaurant in Prime Glendale location!

$139,000
Mediterranean Restaurant in Prime Glendale location!
This Listing is Expired
This new Mediterranean Restaurant is located in an office building with heavy foot traffic off a major street in the Glendale area. There is approx. 2200 sq. feet. with 50+ seats inside restaurant and plenty of parking in the attached parking structure. Base rent is approx. $4525 per month and the lease has 10 years remaining. Owner opened restaurant in July 07 after doing a three month remodel. With only being open a short time, restaurant already established good lunch business and steady customers with take out and catering increasing daily. This restaurant has unlimited potential. Seller just purchased a 3 deck oven to add pizza to to the menu. Due to a unexpected family situation oversees, owner needs to sell. Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.
Broker Heidi Benhamou DRE License #01268266

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
10 year lease
Total Monthly Rent:
$4,525
Security Deposit:
$4,525

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
2
# of Family Employees:
1
Hours Open:
Monday-Sunday 10:30am-11:00pm
Year Established:
2007
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
# of Parking Spots:
100
Inside Sq. Ft.:
2,200

Highlights

  • New Mediterranean Restaurant..
  • Located in an office building with heavy foot traffic off a major street in the Glendale area.
  • Plenty of parking in the attached parking structure.
  • Base rent is approx. $4525 per month .
  • Lease has 10 years remaining.
  • Approx. 2200 sq. feet
  • Seating for 50+ people inside.
  • Lots of growing potential.

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 15,297 255,461 478,909
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 5,222 98,808 182,476
2010 Persons Per Household 2.59 2.47 2.51
Median House Value $360,575 $611,746 $595,711
Income Per Household $44,702 $54,457 $55,959
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,408 7,559 13,428
2012 Number Of Employees 47,922 205,790 343,964
2012 Total Annual Payroll $1,391,605,000 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, 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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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