Turn key restaurant located on a super busy street in a super busy retail center.
Location is key to any restaurant and this restaurant has the key to success with it's outstanding location.
This restaurant is located in the business corridor of the 163 freeway, Convoy and Balboa. Traffic and demographics don't get much better than what this area has to offer.
Vehicle traffic is some of the best in the city and the surrounding demographics are exactly what a lunch/ early dinner focused restaurant would be looking for.
Owner built this place out from a shell four years ago, going through all the planning and permitting hassles for you.Build out cost exceeded 200k!
Owner stated sales of $192,141, $205,453 and $259,301 over the past three years show sales increasing each year with last years sales being up 25% over the previous year.
Owner stated profits of 60k, 61k and 67k in the same last three years show this place to be a great value at the current asking price.
Online customer reviews are outstanding and the food and menu offerings are the reason why. The burgers and sandwiches are some of the best you will find in the city.
The kitchen is well designed, with very well maintained and near new equipment. It's all here from the deep fyrer and grill to the new and current health and fire codes demanded hood system.
Restaurant is approximatey 1008 square feet, the perfect size to keep cost of occupnacy low and profitability high,
Rent is $1985/month plus NNN of approximately $600 per month. Current lease term will be expiring in 2015 and landlord is ready to negotiate a new lease and terms.
If you have been looking for a turn key restaurant, that will be making money from day one, this could be the place you have been looking for.
Please visit our website at www.sellingrestaurants.con for name and address.
Population | 1-mi. | 3-mi. | 5-mi |
---|---|---|---|
2014 Total Population | 46,091 | 147,286 | 364,825 |
Households | 1-mi. | 3-mi. | 5-mi |
2010 Number Of Households | 16,498 | 57,658 | 156,365 |
2010 Persons Per Household | 2.70 | 2.43 | 2.20 |
Median House Value | $387,100 | $391,708 | $501,072 |
Income Per Household | $57,350 | $63,233 | $63,589 |
Businesses | 1-mi. | 3-mi. | 5-mi |
2009 Number Of Businesses | 2,024 | 7,229 | 13,955 |
2012 Number Of Employees | 73,138 | 355,856 | 537,206 |
2012 Total Annual Payroll | $1,609,153,000 | $4,294,967,295 | $4,294,967,295 |
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.