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#676
Los Angeles Restaurants For Sale

Specialty Sandwich Restaurant on corner location

$75,000
Sold
Specialty Sandwich Restaurant on corner location
This Listing is Sold
This Specialty Sandwich Restaurant located on a highly visible corner location in Culver City brings in customers from all over town to try their tasty sandwiches. There is 1,745 sq. ft., with seating inside for 45 and convenient parking in the back. The base rent is $3,309.22 per month, plus CAM charges of $437.50 per month. The lease has 2 years remaining with a 5 year option. The seller reports sales to be approx. $24,000 per month. Great opportunity for owner/operator to build on concept and increase sales by adding Pizza to the menu. The restaurant has an 80-btu pizza oven, that is not currently being used. Additional equipment include: 18' hood, 8'griddle, 2-fryers, refrigeration & freezer units. The Seller has been in the business for many years and is ready to move on to new opportunities. The trade name and logo are not included in the sale.
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:
2 yr remaining + 5 year option)
Total Monthly Rent:
$3,309
Security Deposit:
$7,000

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
2
Hours Open:
11:00am-8:00pm-weekedays
11:00am-9:00pm-weekends
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
45
Inside Sq. Ft.:
1,745

Highlights

  • Specialty Sandwich Restaurant (with Pizza capability)
  • Located on a highly visible corner location in Culver City
  • Tasty sandwiches draw in customers from all over town.
  • There is 1,745 sq. ft., with seating inside for 45.
  • Rent is $3,309.22 per month, plus CAM $437.50 per month.
  • Lease has 2 years remaining with 5 year option.
  • Seller reports sales to be approx. $24,000 per month.
  • Build on concept & increase sales by adding Pizza.
  • Equipment : 80-btu pizza oven, 18
  • 2-fryers, refrigeration & freezer units.

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 75,590 328,420 901,003
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 32,197 133,281 362,790
2010 Persons Per Household 2.24 2.35 2.34
Median House Value $654,558 $658,463 $668,049
Income Per Household $60,261 $62,910 $61,399
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,260 14,105 36,747
2012 Number Of Employees 74,076 397,352 996,322
2012 Total Annual Payroll $2,532,134,000 $4,294,967,295 $4,294,967,295

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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