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#715
Los Angeles - Hollywood - DTLA

7000 Sq. Foot Restaurant Facility in High Traffic Area!

$79,000
Sold
7000 Sq. Foot Restaurant Facility in High Traffic Area!
This Listing is Sold
Price Just Reduced, Motivated Seller! This Chinese Buffet is located in a busy strip mall in the heart of Antelope Valley. You will be impressed by the size, condition and potential. There is approx. 7000 square feet seating approx. 190 people and a large private banquet room seating approx. 75 people. The kitchen is well equipped and can accommodate a large volume of food. It has 2 large walk in refrigerators, 2 freezers(one a walk in),8 woks, a large hood, several prep tables, too much to list. Banquet room has potential to bring additional income for private events. The rent is currently $10,700 including CAM charges. There is approx. 2 years left on the lease. Landlord is willing to negotiate a new lease for a longer term. There is plenty of parking available in this strip mall. Seller is in process of obtaining beer and wine license in the next 20 days, adding more potential for additional income. Sellers have never managed a restaurant before purchasing this buffet. They don't feel they have the proper management experience to successfully operate the business and have made the choice 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. This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
2 Years Remaining
Total Monthly Rent:
$10,700
Security Deposit:
$10,700

Operations

# of Full-Time Employees:
5
# of Part-Time Employees:
5
# of Family Employees:
2
Hours Open:
Sunday Thru Thursday 10:30AM-10:30PM
Friday & Saturday 11:00AM-11:00PM
Year Established:
2001
Hood System Type 1:
Yes

Facilities

Indoor Seating:
265
# of Parking Spots:
100
Inside Sq. Ft.:
7000

Highlights

  • Chinese Buffet located in a busy strip mall in the heart of Antelope Valley.
  • Approx. 7000 square feet.
  • Seating approx. 265 people total.
  • Private banquet room seats approx. 75 people.
  • Banquet room can bring extra income from private events.
  • Kitchen is well equipped and can accommodate a large volume of food.
  • 2 Walk in refrigerators, 1 walk in freezer with an additional 2 door freezer.
  • There is plenty of parking available in this strip mall
  • You will be highly impressed by the size, condition and potential

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 5-mi
2014 Total Population 42,286
Households 5-mi
2010 Number Of Households 14,038
2010 Persons Per Household 2.74
Median House Value $131,800
Income Per Household $35,892
Businesses 5-mi
2009 Number Of Businesses 1,254
2012 Number Of Employees 45,028
2012 Total Annual Payroll $844,551,000

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, foreward 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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