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#572
Los Angeles Restaurants For Sale

Attractive Chinese Restaurant in West San Fernando Valley

$150,000
Attractive Chinese Restaurant in West San Fernando Valley
This Listing is Expired
This beautiful, remodeled Chinese restaurants, located in an affluent area on west end of the San Fernando Valley, serves buffet lunches and sit-down dinners. This highly, successful restaurant has been in business for 17 years, the last seven with the current owner. This 3,500 sq. ft. venue has ample parking. Base rent is $6,600, with 4 years left and two 5 year options. Monthly revenues are approximately $40,000 with plenty of upside. Recent renovation includes new kitchen equipment. Priced to sell, as owner needs to move due to family reasons.
Partner Ron Lam

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
4yr remaining + 2 - 5 yr. options
Total Monthly Rent:
$6,600

Financials

Last Year's Annual Gross:
$500,000

Operations

Liquor License:
41
# of Full-Time Employees:
5
# of Part-Time Employees:
2
# of Family Employees:
1
Year Established:
1989
Hood System Type 1:
Yes

Facilities

Indoor Seating:
150
Outdoor Seating:
12
Inside Sq. Ft.:
3,500

Highlights

  • Beautiful Chinese Restaurant located in West San Fernando Valley
  • Recent remodel, including new kitchen equipment
  • Buffet lunch, sit-down dinners, can easily be converted to fine dining
  • Affluent neighborhood
  • 150 seats with ample parking
  • Priced to sell, as seller needs to move due to family reasons

Financing

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

Demographics

Population 3-mi. 5-mi
2014 Total Population 26,280 77,415
Households 3-mi. 5-mi
2010 Number Of Households 9,208 27,929
2010 Persons Per Household 2.76 2.69
Median House Value $680,600 $648,401
Income Per Household $109,675 $110,691
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,326 3,352
2012 Number Of Employees 31,556 74,780
2012 Total Annual Payroll $950,452,000 $2,320,373,000

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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