Owners need to sell this business fast because this is a court ordered divorce sale and the business has been closed down. This Franchise Gourmet Pizza Restaurant is located on a high traffic street corner in Downtown area of Los Angeles. There is a lot of walk by traffic and office buildings nearby. This restaurant was just recently opened after going thru 8 months of construction and permitting. The Restaurant is currently open for lunch from 11am-4:00pm, 6 days a week. There is 500 sq. ft. inside with 6 seats and 8 seats outside. There is public parking in nearby lots on the same street block. Base Rent is $6,000 per month, plus CAM. The lease has 3 years and 8 months remaining with a 5 year option. The FF&Es include a Bakers Pride Pizza Oven-Gas (used), Hobart 30-Quart Mixer w/ Cheese Grater Attachment (used), 2-Door Pizza prep Table, 1-Door Salad Station, Hood System, 2-Door Refrigerator, 64 OZ-Blender, 3-Compartment Sink and Prep Sink. The sellers have other restaurants and this one is too far away. Great opportunity for an owner/operator to walk right into a new business without all the build-out costs and time delays and to open up additional Gourmet Pizza Franchises in the downtown area.
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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:
3 yrs 8 mo. remain + 5 yr option
Total Monthly Rent:
$6,000
Operations
# of Full-Time Employees:
3
Hours Open:
11:00am-4:00pm
Highlights
- Franchise Gourmet Pizza Restaurant is in Downtown Los Angeles.
- Heavy walk by traffic and office buildings nearby.
- Restaurant recently opened after 8 months of construction and permitting.
- There is 500 sq. ft. inside seats 6 and outside seats 8.
- Public parking in nearby lots on the same street block.
- Base Rent is $6,000 per month plus CAM.
- Lease has 3 years and 8 months with a 5 year option.
- Restaurant is open for lunch from 11am-4:00pm, 6 days a week.
- Why start from scratch when you can buy this at a fraction of the cost!
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.