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#5274
San Fernando Valley

Persian Restaurant in Heart of Valley - Low Rent!

$110,000
Sold
Persian Restaurant in Heart of Valley - Low Rent!
This Listing is Sold

 

JUST FOUND the HIDDEN GEM IN CENTRAL SAN FERNANDO VALLEY LOCATION

This is the Real Deal Authentic Persian Style Restaurant

Serving this San Fernando Community since 2016 they seem to be doing everything right. With an almost perfect 5 Star rating on Yelp, Facebook and their Business Website they are truly a favorite for anyone that has happened upon them. Using Grandmas Traditional Recipes from the old country is leaving their guest craving more.Quality ingredients are a must as there is no scrimping on the ingredients they choose to prepare the menu items.

The restaurant had a recent remodel and has a beautiful look and very inviting feel. With seating for 24 guests. Center is located off a very busy street corner. Just Blocks from a large recreational center with ball fields, tennis courts, basketball courts and more.

With Sales in 2017 over $300,000 and a Net Profit round $60,000 this is a nice profitable restaurant, SellingRestaurants has not verified these numbers and buyer must do their due diligence.

The Restaurant is run by a wife and mother of 2 children and she is finding it is taking to much time away from her family and feels she is needed there more so she is looking to sell the business.

There are 2 hoods, one in the front where the food is cooked where guest can see and smell the items being prepared and another in the back area where the preparation takes place.

Front Area is Equipped with

**4ft Gas Char Grill 

** 5 Pan Hot Unit

** 2  - 2 Door Cold Units with open top

In the Back

** 8 Stove Top Burners with 2 Ovens

** Deep Fryer

** 2 Burner Stock Pot Stove

and much more

With a Great Lease of only $2500 Gross per month with 4% vs CPI increases.

This would make a perfect Family Run Business. So don't delay in coming by to check this place out and see if it's not just the right restaurant for you.

Just click the "SIGN NDA" tab and you're on your way.

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

Lease

Region:
San Fernando Valley
Lease Term:
Expires 2/28/2021
Total Monthly Rent:
$2,500
Security Deposit:
$4,400

Financials

Last Year's Annual Gross:
$300,000
Last Year's Owner's Cash Flow:
$60,000
Last Year's Food Cost %:
25.7
Last Year's Rent %:
8.8

Operations

# of Part-Time Employees:
3
# of Working Owners:
1
Hours Open:
11:30AM - 9:00PM Mon - Sat
Closed Sundays
Year Established:
2016
Hood System Type 1:
Yes

Facilities

Indoor Seating:
24
# of Parking Spots:
shared parking lot
Inside Sq. Ft.:
1000

Highlights

  • Great Rent $2500 Total
  • Great Reputation 5* Ratings
  • Recently Remodeled
  • Center on Busy Street Corner

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 5-mi
2014 Total Population 0
Households 5-mi
2010 Number Of Households 0
2010 Persons Per Household
Median House Value $0
Income Per Household $0
Businesses 5-mi
2009 Number Of Businesses 0
2012 Number Of Employees 0
2012 Total Annual Payroll $0

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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