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#6623
Los Angeles

High Volume Asian restaurant for sale in Los Angeles Fairfax area

$200,000
Available
High Volume Asian restaurant for sale in Los Angeles Fairfax area



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Established Asian restaurant for sale in Los Angeles. Located in Fairfax District / Beverly Grove area. The restaurant is tucked into a corner with high ceiling and dining hall with traditional decoration. Once you get inside, it's a good sized space, with nice decor--seating to the left, bar a little in to the right. Approximately 2400 square feet with 90 seating. Lease amount is $11,750. Annual sales between $1,100,000-$1,200,000. Beer and wine license included.

This is a Grand Realty Group listing.
Business brokering-Industrial-Retail-Leases Tommy Tran DRE License #01439113

Lease

Region:
Los Angeles
Lease Term:
There is 2 years left on lease
Total Monthly Rent:
$11,750

Financials

Last Year's Annual Gross:
$1,100,000

Operations

Liquor License:
41
# of Full-Time Employees:
5
# of Part-Time Employees:
5
# of Working Owners:
1
Hours Open:
open everyday from 11:30-9:30pm
Year Established:
4 year
Hood System Type 1:
Yes

Facilities

Indoor Seating:
90
Inside Sq. Ft.:
2,400

Highlights

  • can convert

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 32,019 256,824 921,399
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,527 119,306 382,883
2010 Persons Per Household 1.89 2.01 2.24
Median House Value $955,158 $828,543 $713,530
Income Per Household $71,720 $62,994 $57,126
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 3,822 16,985 41,448
2012 Number Of Employees 90,708 387,002 950,296
2012 Total Annual Payroll $2,964,821,000 $4,294,967,295 $4,294,967,295

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Disclaimer

This information has been secured from sources we believe to be reliable but we make no representations, warranties, express or implied, as to the accuracy of the information. Listing broker has been given enough information to provide only a preliminary interest in the property. The materials are not to be considered fact. The information contained herein is not a substitute for thorough due diligence investigation. References to square footage, zoning, use, or age are approximate. Any renderings should be considered conceptual in nature and such renderings do not represent the current condition or what can or may be done to the property. Neither broker or landlord represent that this space is suitable for your use. Tenant or Buyer must verify the information at their own expense and bears all the risk for any inaccuracies.


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