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#6085
Los Angeles Restaurants For Sale

DTLA - RESTAURANT WITH PATIO on BUSY STREET End Cap

$85,000
DTLA - RESTAURANT WITH PATIO on BUSY STREET End Cap
This Listing is Expired

Fully Furnished and ready to go Restaurant According To Seller. 

Located on Busy Major Street in Wilshire Vista Village Area of West LA  

Good Sized Covered Patio that seats 16. Dining Area seats 28

Approx 10 foot Hood and Grease Trap (landlord maintained shared unit)

PARKING; Out Front PLUS Underground Parking as well as Street Parking

NICE KITCHEN LAYOUT for easy operation.

Equipment Consists of 6 Burner Stove with Oven, 3 Foot Grill, 2 Basket Deep-Fryer, Various refrigerated units and more.

Security Camera System

Alarm System (under contract)

Security Gate to Lock Patio Area

Lease through May of 31,2023 plus a 5 year option for Approved Buyer.

Restaurant has 1450 Sq Ft with 992 being indoors and 460 of covered patio.

Restaurant has 1 bathroom

NOTE; RESTAURANT was profitable but closed due to employee issue, Owner has another restaurant and needs to concentrate on that one.  Buyer must do his/her due diligence to insure restaurant meet all city and county licensing requirements. 

It was opened for 7 years.

NOTE; IF BUYER LIKES CONCEPT OWNER IS WILLING TO TRAIN, GIVE NAME and RECIPES FOR AN ADDITIONAL CHARGE.

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
May 31, 2023 plus 5 year option
Total Monthly Rent:
$5,995
Security Deposit:
$14,500

Operations

Hours Open:
CLOSED
Year Established:
7
Hood System Type 1:
Yes

Facilities

Indoor Seating:
28
Outdoor Seating:
16
# of Parking Spots:
few above/under ground
Inside Sq. Ft.:
992
Outside Sq. Ft.:
460

Highlights

  • NICE END CAP LOCATION
  • FULL EQUIPPED
  • Grease Trap
  • 10 Foot Hood +/-
  • NICE Secluded Covered Patio Area
  • Seats 28 inside and 16 on patio
  • Parking Few out front plus Underground Parking

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 65,880 547,089 1,140,293
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 23,344 202,474 426,310
2010 Persons Per Household 2.70 2.54 2.50
Median House Value $617,300 $617,772 $582,594
Income Per Household $42,043 $44,973 $44,626
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 973 16,194 38,656
2012 Number Of Employees 14,016 350,076 1,031,436
2012 Total Annual Payroll $207,799,000 $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, 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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