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#724
Los Angeles Restaurants For Sale

Rare Drive-Thru Restaurant in Long Beach Area

$45,000
Sold
Rare Drive-Thru Restaurant in Long Beach Area
This Listing is Sold
This Authentic Mexican Restaurant with a Drive Thru and Beer and Wine License is located on a busy street in a redevelopment section of Long Beach. The restaurant has a nice, casual environment which draws in the locals. There is 1488 square feet inside with seating for 40 and a private parking lot with a Drive Thru for convenience. The base rent is $5000 per month and the lease has 7 years remaining with a 10 year option. The seller reports gross monthly sales to be between $18000-$20000 and this is an fixed asset sale. The FF&E's includes a 12'hood and a 6' hood, deep fryer, grease trap, grill, walk-in refrigerator, freezer, steam table, sandwich prep 2-door refrigerator, a 4-burner stove and a large burner stove. Recipes and Trade name not included. The owner has other restaurants and doesn't have time to be on-site on a daily basis and he is looking to scale down and retire. Great opportunity for an owner/ operator to run the business.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
7 yrs remaining + 10 year option)
Total Monthly Rent:
$5,000
Security Deposit:
$5,000

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
1
Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
Inside Sq. Ft.:
1,488

Highlights

  • Rare Drive-Thru Restaurant with Beer and Wine License
  • Located on a busy street
  • There is 1488 square feet inside and seating for 40
  • A private parking lot
  • Rent is $5000 per month, with 7 years remaining on the lease and a 10 year option.
  • Equipment includes the following:
  • deep fryer, grill, walk-in refrigerator, freezer,
  • steam table, sandwich prep 2-door refrigerator,
  • a 4-burner stove and a large burner stove.
  • The owner is looking to scale down.
  • Great opportunity for an owner/ operator to run the business.

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 95,774 267,415 725,048
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 26,056 74,814 203,390
2010 Persons Per Household 3.56 3.50 3.49
Median House Value $282,000 $322,409 $335,725
Income Per Household $44,070 $53,453 $56,253
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 717 3,909 10,448
2012 Number Of Employees 21,972 122,454 387,472
2012 Total Annual Payroll $480,264,000 $2,800,587,000 $4,294,967,295

click for more demographic info

Disclaimer

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.

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