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#1018
Los Angeles Restaurants For Sale

Vegetarian Restaurant with prime location on west side of Los Angeles with Low Rent!

$165,000
Vegetarian Restaurant with prime location on west side of Los Angeles with Low Rent!
This Listing is Expired
This restaurant offers unique vegetarian dishes with a South Pacific flare. It is located on a busy main street in the middle of a bustling downtown area on the west side of Los Angeles. Customers come from all over just to eat their authentic cuisine. Parking is abundant in front and back of the restaurant. This restaurant features a quaint dining experience with seating for 32 inside and 6 outside. The square footage consists of 1200 inside and 400 outside. The Base rent is $1800 per month, plus $391 in CAM charges. The existing lease expires in June 2010 with a 5 year option. The seller reports 2007 Gross Sales to be $189816. Included in the FF&E's are a large hood system, walk-in freezer and refrigerator, stainless steel refrigerator, stainless steel sinks and food prep station, fryer, Ice maker, 5 burner stove, cash register, rice cooker, microwave, grill, steam table, TV/radio and food warmer. This restaurant is open 6 days a week for lunch and dinner. Great opportunity for owner/operator to build on an established restaurant. Current owners have full time careers and don't have enough time to run both their restaurant and careers. If you would like to learn more about this restaurant, please click on the orange button below and follow the instructions.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
expires June 2010
Total Monthly Rent:
$1,800
Security Deposit:
$1,800

Financials

Last Year's Annual Gross:
$189,816

Operations

# of Full-Time Employees:
3
# of Part-Time Employees:
3
# of Family Employees:
3
Hours Open:
Lunch: 11:00am - 5:00pm
Dinner: 5:00pm - 9:00pm
Closed on Mondays
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
32
Outdoor Seating:
6
Inside Sq. Ft.:
1,200
Outside Sq. Ft.:
400

Highlights

  • Vegetarian Restaurant with prime location on busy street in West LA.
  • This restaurant is known for its unique Vegetarian dishes.
  • There is 1200 sq. ft. available inside with seating for 32. The ouside patio offers 400 sq. ft with seatin for 6.
  • Base rent is Only $1,800 per month plus $391 in CAM charges.
  • The existing lease expires in June 2010 with a 5 year option.
  • The FF&Es include: Hood System, Walk-In Freezer and Refrigerator,
  • Stainless Steel Refrigerator, 5 Burner Stove,
  • Stainless Steel Sinks and Food Prep Station, Ice Maker,
  • Fryer, Food Warmer, Grill and Steam Table.
  • Restaurant open for lunch and dinner 6 days a week.
  • Great opportunity for owner/operator to walk in to an established restaurant.

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 17,042 130,963 453,212
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,085 49,556 162,103
2010 Persons Per Household 2.34 2.58 2.67
Median House Value $736,500 $699,481 $564,185
Income Per Household $84,341 $92,078 $73,326
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,646 5,929 12,184
2012 Number Of Employees 123,530 291,772 429,088
2012 Total Annual Payroll $4,294,967,295 $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 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.

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