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#3973
San Fernando Valley

RESTAURANT on Corner of Busy Street in Central San Fernando Valley

$59,000
Sold
RESTAURANT on Corner of Busy Street in Central San Fernando Valley
This Listing is Sold

Here you have a restaurant on a busy street corner, with lots of parking and surrounded by businesses, residences and a university just down the street. This is a very unique location as it is made up of 3 unit spaces (totaling 3340 sq ft) of a building and you could choose to turn a section back to landlord to reduce the size to 2300 sq ft if that size makes more since to you or develop the business and maximize the use of the whole restaurant as it is now.

Owner is operating a Pakistani/Indian restaurant in the location at present and would be happy to lend a hand to a buyer looking to build on what they have already begun OR you can convert this to any concept you choose. Add a beer and wine or even a full liquor license and with the space thats here you can have a nice restaurant or turn it into a sports bar with live music and attract the college valley crowd.So many options that this is a must see for anyone looking to find a location with all this to offer.

Owner is selling due to family illnesses that have made it impossible for him to be at the restaurant during the day and with no one else there to oversee the operations or grow the business. He has invested $1000's and is just looking to recoup some of his investment so His Lose is Your Gain!!        But he Needs to be with sick family members at this time.

To get pictures, name and address just go to the sign NDA button below and complete the online agreement, then go by and check out this place and see if it is not what you have been hoping for.

This is a Paramount Restaurant Brokers, inc. Listing.

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

Lease

Region:
San Fernando Valley
Lease Term:
July 2014 + 5 yr option
Total Monthly Rent:
$7,161
Security Deposit:
$4,910

Operations

# of Full-Time Employees:
3
Hours Open:
Mon - Sat 11AM - 10PM
Sun 11AM - 9PM
Year Established:
2012
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
Outdoor Seating:
8
# of Parking Spots:
lots
Inside Sq. Ft.:
3340
Outside Sq. Ft.:
200

Highlights

  • Busy Street Corner
  • Near University
  • Lots of Parking
  • Patio out front
  • 2 Kitchens 2 Hoods
  • Hospital just down the street with lots of employees
  • Large PIZZA OVEN and Dough Mixer
  • Lots of possibilities

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 30,809 30,809 114,138
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,909 9,926 32,407
2010 Persons Per Household 2.79 2.79 3.36
Median House Value $389,400 $388,733 $347,634
Income Per Household $80,538 $80,400 $62,393
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 278 306 2,079
2012 Number Of Employees 3,132 3,132 59,606
2012 Total Annual Payroll $55,373,000 $69,732,000 $1,186,459,000

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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