Selling Restaurants presents, this authentic Mid-Eastern Armenian food deli, located in the heart of downtown Los Angeles. A fixture at this location for the past 37 years, this 'cash cow' operation is complete with secret family seasonings and recipes that are reminiscent of the 'old country' style, with customers, that over the years, have become like family! A large portion of the business is delivery or take out, it has 825 sq ft and seats 21, the rent is $3443 per month, of which $174 is included for electricity, with no additional CAM charges and no charge for water. This is a very simple sandwich, deli type operation, the hours are 9AM to 3Pm, Mon-Sat, closed Sunday. Seller states his gross sales at $11K per month, all cash, the new buyer is to confirm all seller's financial information, as SellingRestaurants does not verify such. This operation needs an owner-operator to basically just continue the operation. For a small investment you can own your own business, a business that has provided income for over 37 years. For more information, pictures and address, click on the orange button below, and register at no cost. You will also be a "preferred buyer", and receive any new listings or price reductions first, before they are released to the general public.
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:
expires May 2013 + 5 yr option
Total Monthly Rent:
$3,443
Financials
Last Year's Annual Gross:
$132,000
Operations
# of Full-Time Employees:
1
# of Part-Time Employees:
1
Hours Open:
Mon to Sat 8:30AM to 3PM
Closed Sun
Highlights
- Over 37 Years In The Same Location!
- All Cash Business!
- Authentic Mid-Eastern Food!
- "Old Country" Recipes
- Exclusive Food In Building!
- Great Area For Delivery!
- Short Hours!
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
1-mi. |
3-mi. |
5-mi |
2014 Total Population |
61,440 |
463,087 |
1,054,005 |
Households |
1-mi. |
3-mi. |
5-mi |
2010 Number Of Households |
27,283 |
145,469 |
319,470 |
2010 Persons Per Household |
2.03 |
2.99 |
3.14 |
Median House Value |
$385,037 |
$379,029 |
$411,465 |
Income Per Household |
$21,907 |
$29,817 |
$33,380 |
Businesses |
1-mi. |
3-mi. |
5-mi |
2009 Number Of Businesses |
8,831 |
17,102 |
27,800 |
2012 Number Of Employees |
270,562 |
550,794 |
868,694 |
2012 Total Annual Payroll |
$4,294,967,295 |
$4,294,967,295 |
$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.