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#954
Los Angeles Restaurants For Sale

Thai Restaurant in San Fernando Valley

$200,000
Thai Restaurant in San Fernando Valley
This Listing is Expired
This Thai restaurant has a long and well established history of success in the area but the owner must return to Thailand due to family issues. It is in a great location in the west end of San Fernando Valley in an upscale area. It has fantastic visibility from street with clear view on signage from the street. Beer and Wine license included in sale. Lease expires 2015 with additional 2x5 year options.

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This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
aug. 2015 + 2 - 5 yr options
Total Monthly Rent:
$4,593
Security Deposit:
$5,000

Financials

Last Year's Annual Gross:
$660,000

Operations

Liquor License:
41
# of Full-Time Employees:
4
# of Part-Time Employees:
3
# of Family Employees:
3
Hours Open:
Open Daily 9 AM till 11PM
Year Established:
1987
Hood System Type 1:
Yes

Facilities

Indoor Seating:
60
# of Parking Spots:
30
Inside Sq. Ft.:
1,375

Highlights

  • Thai Restaurant Est 20+ Years
  • Very Busy Street Intersection
  • Sits on Main Street Corner Location
  • Well know with a great reputation in area
  • New hardwood floors in Dining Area
  • Lease expires 2015 with 2 - 5 year options
  • Beer and Wine License included
  • Restaurant seats 60 people
  • Gross Sales average $55,000 a month

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
30%

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 37,024 72,713 153,360
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 13,425 25,195 51,018
2010 Persons Per Household 2.66 2.75 2.87
Median House Value $438,500 $519,458 $482,857
Income Per Household $78,414 $88,138 $73,290
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,944 2,466 4,759
2012 Number Of Employees 72,378 81,106 139,628
2012 Total Annual Payroll $1,791,869,000 $1,917,144,000 $2,965,122,000

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, 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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