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#1269
Los Angeles Restaurants For Sale

Price Just Dropped For This Ocean Front Seaside Mexican Restaurant with Beer & Wine

$89,500
Price Just Dropped For This Ocean Front Seaside Mexican Restaurant with Beer & Wine
This Listing is Expired
Price Just Reduced! Make your best offer. Seller willing to negotiate. Selling Restaurants presents this Mexican restaurant sitting on the water in an affluent beach community within Los Angeles County. What a great location!!! Customer�s can sit in the dinning area while looking out over the water. Summer months are superb with very high traffic from locals and tourists. Within a quarter mile from the restaurant are many high-rise condo, apartment complexes and hotels. The locals love the food and provide the restaurant with year round business. The food is fantastic and offers descent portion sizes. There is a beer and wine license in addition to a full hood system with grill, range, and ovens. Public parking is ample and convenient for customers. The lease terms are incredible with the base rent just over 2 dollars a square foot for a location on the ocean. Take time to visit this location.

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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:
expires July 2010 + (1) 5 year option
Total Monthly Rent:
$1,525
Security Deposit:
$4,000

Operations

Liquor License:
41
# of Family Employees:
2
Hours Open:
Monday-Friday: 11a-8p
Saturday-Sunday: 10a-10p
Year Established:
2005
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
Inside Sq. Ft.:
775

Highlights

  • Fantastic location on the water with great Lease Terms
  • Great Food with Beer & Wine license
  • Summer months are superb....High Foot Traffic
  • Plenty of Multi-Unit Complexes very near are "Year Round Traffic"
  • Easily operated by 2-3 people
  • Low Rent!
  • Lease is a Percentage Rent of 10% of Gross Sales or $1525 per month what ever is greater

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 36,734 139,000 376,231
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 16,910 57,887 142,552
2010 Persons Per Household 2.07 2.33 2.56
Median House Value $838,600 $764,412 $700,023
Income Per Household $97,158 $87,858 $89,659
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,259 5,974 12,825
2012 Number Of Employees 18,538 143,810 275,690
2012 Total Annual Payroll $350,327,000 $3,153,378,000 $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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