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#3437
San Fernando Valley Restaurants For Sale

Ventura Blvd. Restaurant For sale

$75,000
Ventura Blvd. Restaurant For sale
This Listing is Expired

Casual Gourmet Mexican Cuisine in a refined,  fun atmosphere on prime Ventura Blvd.- West San Fernando Valley.  Another great restaurant for sale in the San Fernando Valley !!

This fantastic restaurant is only nine months old, has had no advertising, no website and no beer and wine, yet sales keep climbing and yelp reviews continue to support their claims of excellent food and service. I can personally attest to the service and food through personal experience, when I sampled their chipotle carnitas at a candle lit outdoor table.  I have eaten here several times since and continnue to be impressed with the quality and sophisticaton of their food.  Sale does not include name or recipes.

The space was meticulously renovated in late 2010, with the addition of a few pieces of new equipment on the hot line line, cosmetic changes which produced an open chef’s kitchen,  enhanced interior lighting changes, a full( internet based) camera system and a tasteful awning to support al fresco dining.

The addition of a beer and wine license should increase business by 25% to 30% (paperwork is completed and signed off by the Landlord) and with proper advertising and an active customer outreach program, this location will become an operators dream. 

The areas local population actively supports many restaurants which are all adjacent to the upscale communities of Hidden Hills and Calabasas and only a stone’s throw from Warner Center.  Numerous office buildings provide lunch traffic and a Southern facing exterior patio provides shade from the sun to support comfortable early evening, al fresco, dining.  This area loves it “locals only” restaurants; resulting in high retention and repeat business.  Many  neighboring restaurants have been in continuous operation for over 30 years and some longer than that.

The Landlord will issue a new lease to a qualified Buyer with a minimum new 5 year term and a five year option at FMV.  There is ample parking in the main parking lot and abundant street parking for overflow.

Come and enhance the current concept or bring your own sense of adventure and diversity with something new.

Listed by ELITE RESTAURANT BROKERS INC. 

Broker/Lawyer Laurent O'Shea

Lease

Region:
San Fernando Valley Restaurants For Sale
Lease Term:
new 5 year lease with one five year option
Total Monthly Rent:
$2,880
Security Deposit:
$2,880

Financials

Last Year's Food Cost %:
26
EBITDA:
$36,000

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
3
# of Family Employees:
2
Hours Open:
11:00 am to 9:00 pm 7 days per week
Year Established:
2010
Hood System Type 1:
Yes

Facilities

Indoor Seating:
44
Outdoor Seating:
10
# of Parking Spots:
15
Inside Sq. Ft.:
980 +/-
Outside Sq. Ft.:
100 +/-

Highlights

  • at $75 000 this wont last!
  • BEATIFULLY REMODELED WITH OUTDOOR DINING AND OPEN KITCHEN
  • IN MIDST OF MINI RESTAURANT ROW
  • SOME OF THE BEST GOURMET MEXICAN FOOD IN LA
  • BEER AND WINE LICENSE READY TO GO!!!
  • ADJACENT TO CALABASAS , HIDDEN HILLSAND WARNER CENTER
  • HIGH PROFILE LOCATION WITH EXCELLENT PARKING
  • NEW LEASE TO NEW OWNER WITH FAVORABLE TERMS AND OPTIONS
  • OWNER SAYS BRING ALL OFFERS

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
10%

Demographics

Population 5-mi
2014 Total Population 0
Households 5-mi
2010 Number Of Households 0
2010 Persons Per Household
Median House Value $0
Income Per Household $0
Businesses 5-mi
2009 Number Of Businesses 0
2012 Number Of Employees 0
2012 Total Annual Payroll $0

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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