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#462
Los Angeles - Hollywood - DTLA

Nearly New Quick Serve Restaurant Facility

$50,000
Sold
Nearly New Quick Serve Restaurant Facility
This Listing is Sold
Brand new sparkling clean 1000 sq ft facility located at a very high traffic (both foot and cars) area in a corner strip mall. The equipment was purchased less than a year ago, and is all heavy duty and has the capacity to handling serious sales volume. Beverage display case and counter can be moved back to increase dining area. Sales are showing a steady upward trend. Huge potential increase in volume by promoting take-outs and specials. Great facility to convert into your concept! Owner is willing to accept any reasonable offer. This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
3 yrs 8 mths remaining +
Total Monthly Rent:
$1,200
Security Deposit:
$3,600

Operations

# of Family Employees:
1
Hours Open:
Mon to Sat 10am-8pm
close Sundays and major holidays
Year Established:
1
Hood System Type 1:
Yes

Facilities

Indoor Seating:
16
# of Parking Spots:
22
Inside Sq. Ft.:
1000

Highlights

  • Spotlessly clean restaurant less than 1 year old
  • Located in a strip mall at the corner of a very busy intersection
  • Extremely high car and foot traffic
  • Business showing steady growth
  • Huge growth potential with take-outs and specials of the week
  • Easily converts to other concepts except Donut Shop and Mexican
  • Owner has family disruption, decided to sell
  • It would cost $250,000+ to build this facility

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 46,503 180,015 483,281
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 13,635 54,477 162,351
2010 Persons Per Household 3.28 3.16 2.83
Median House Value $357,500 $359,517 $468,149
Income Per Household $61,112 $54,387 $64,102
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 452 3,896 14,434
2012 Number Of Employees 6,076 81,206 341,538
2012 Total Annual Payroll $75,579,000 $1,216,407,000 $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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