This is a steal! The asking price has just been reduced to $250,000! This Restaurant, which has been in the same location for over 25 years, is in the City of Diamond Bar, on the Eastern side of L.A. County, and is considered the finest upscale Italian Style Ristorante in the area. The moment you walk in you're impressed with the warmth of the rich interior, elegant table settings and mood lighting. The ambiance is only surpassed by the delectable award winning menu and first class service. This landmark restaurant is located on a major boulevard with full front exposure, which is easily accessible from three major freeways and is also close to several large hotels. For years, it's been the meet, greet and dining location for local residents as well as recording and entertainment artists, city officals, politicians and businessmen. Although currently serving only wine and beer, you could add a full 47 liquor license and easily increase sales and profits another 20% plus. The building has 3050 sq.ft, seating 75 inside with an additional 300 sq. ft of patio seating out front, which can be expanded on the side of the building as well. It has a large, fully equipped kitchen, prep and work area with walk-in refer, dry storage area and wine storage. A fully computerized POS order & sales tracking system is included, along with a complete surveilance camera system. There is plenty of parking available, with easy access. This would be a great opportunity for a family run operation, i.e. husband and wife team or business partners. Owner is motivated to sell, so bring your offer now!
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This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409
Lease
Region:
San Fernando Valley Restaurants For Sale
Lease Term:
Dec. 2008 + 5 yr + 5 yr
Total Monthly Rent:
$8,660
Financials
Last Year's Annual Gross:
$492,692
Last Year's Owner's Cash Flow:
$229,000
Operations
# of Full-Time Employees:
2
# of Part-Time Employees:
10
Hours Open:
mon-thurs lunch 11am to 3pm
dinner 5 to 9:30pm
fri-sat dinner 4 to 10:30pm
sun dinner 3 to 9:30pm
Highlights
- Beautiful Fine Dining Italian Restaurant!
- Established Clientel!
- In Business Over 25 Years!
- Relaxing Patio Dining
- Extensive Menu and Wine Selections!
- High Check Average!
- Great Location!
- Fine Dining Tables & Booths!
- Wine Bar
- Base Rent $8,660
- CAM $1,65
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
1-mi. |
3-mi. |
5-mi |
2014 Total Population |
48,094 |
91,243 |
280,562 |
Households |
1-mi. |
3-mi. |
5-mi |
2010 Number Of Households |
15,039 |
27,930 |
77,142 |
2010 Persons Per Household |
3.08 |
3.19 |
3.50 |
Median House Value |
$525,400 |
$559,462 |
$419,655 |
Income Per Household |
$88,819 |
$90,113 |
$69,270 |
Businesses |
1-mi. |
3-mi. |
5-mi |
2009 Number Of Businesses |
1,277 |
3,131 |
7,089 |
2012 Number Of Employees |
23,062 |
60,442 |
179,738 |
2012 Total Annual Payroll |
$639,292,000 |
$1,455,928,000 |
$3,820,740,000 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.