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#3173
San Fernando Valley

Great Lease - Restaurant in Tarzana, CA

$150,000
Sold
Great Lease - Restaurant in Tarzana, CA
This Listing is Sold

So you've been looking for a restaurant in the Valley on Ventura Blvd? Look no further...this is a Great Find! This Beautiful Restaurant is less than 3 yrs old with all equipment new upon opening. Located in a highly desired area on a very busy section of Ventura Blvd in Tarzana, this restaurant has an under-marlet lease of UNDER $1.58 per foot which includes CAM (YES that is ONLY $3,150 a month on Ventura Blvd!). This will afford you the ability to reach a profitable return quickly.

TURN-KEY RESTAURANT
This restaurant is ready to go for many different food concepts. Continue with the current concept or introduce your own. With very little effort you will be up and running in no time. The restaurant is open and has all the permits/licenses required to operate, a fully equipped kitchen, large hood vent and well maintained equipment.

Why take over a closed down restaurant and deal with the Los Angeles County headaches bringing the space current to city/health standards by having to obtain building permits plus the headaches of passing the health department’s critical standards when this restaurant is turn-key as it stands. (Note: Depending on the new food concept additional upgrades may be required. Buyer must get a health inspection prior to closing escrow and there are no guarantees the restaurant will comply with all current standards).

Go to the Orange Button below to get more information and SEE PICTURES for yourself.

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

Lease

Region:
San Fernando Valley
Lease Term:
Nov 2016 + 2 x 7yr options
Total Monthly Rent:
$3,150
Security Deposit:
$3,150

Operations

Liquor License:
41
# of Full-Time Employees:
4
# of Family Employees:
1
Hours Open:
Sun - Thurs 11:30 AM - 9:30 PM
Friday 11:30 - Sunset (3 - 5)
Sat CLOSED
Year Established:
2007
Hood System Type 1:
Yes

Facilities

Indoor Seating:
60
Outdoor Seating:
4
# of Parking Spots:
6
Inside Sq. Ft.:
2000

Highlights

  • Located on highly desirable Ventura Blvd in the San Fernando Valley
  • Fully Equiped and many high end upgrades
  • GREAT LEASE under $1.58 per foot
  • Surrounded by Businesses, offices and lots of residential areas
  • Exposition Kitchen with all the best equipment and a large hood
  • Granite Counter tops, poured epoxy floors in kitchen for easy cleanig and non slip surface

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 30,005 73,782 374,063
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 11,686 29,150 129,843
2010 Persons Per Household 2.50 2.42 2.73
Median House Value $704,700 $672,251 $504,237
Income Per Household $70,759 $77,796 $65,815
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,638 6,030 16,055
2012 Number Of Employees 23,414 91,662 333,892
2012 Total Annual Payroll $511,204,000 $2,525,830,000 $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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