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#1271
Los Angeles Restaurants For Sale

Restaurant on Busy Street in Reseda Perfect For Italian, Ethnic, Asian.

$79,000
Restaurant on Busy Street in Reseda Perfect For Italian, Ethnic, Asian.
This Listing is Expired
Greek Restaurant Newly Remodeled on Busy San Fernando Valley Street. This 1400 sq ft restaurant seats 20 and has a rent of only $1650 per month.Plenty of Parking, Menu can be changed to anything except Mexican if you desire to change concept. The kitchen has a full hood system with charbroiler, double deep fyer, 10 burner stove, reach-in freeze and refrig. This restaurant shows well and is clean. The colors are warm and inviting with light brown tile floors and nice furniture. This is a great deal at this price. This is an asset sale of FF&E and leaseholds. No financials will be provided. Utility and other related costs can be provided for planning purposes.

Go to the Orange Button below and sign the on line confidential agreement to View Pictures and Get Address of this restaurant.

This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
Expires July 31, 2012 + 1 Five Year Option
Total Monthly Rent:
$1,650
Security Deposit:
$4,600

Operations

# of Part-Time Employees:
2
# of Family Employees:
1
Hours Open:
11:00AM - 9:00 pm 7 DAYS
Year Established:
2008
Hood System Type 1:
Yes

Facilities

Indoor Seating:
20
Inside Sq. Ft.:
1,150

Highlights

  • Greek Mediterranean Restaurant
  • Newly Remodeled number of new kitchen appliances
  • Busy Street and surrounded by heavy residential area
  • Concept can be changed if new owner desires
  • Rent of only $1650 er month plus CAM for this 1400 sq ft restaurant

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 74,693 266,609 496,806
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 22,855 86,558 165,580
2010 Persons Per Household 3.21 2.96 2.87
Median House Value $332,900 $397,693 $468,737
Income Per Household $51,266 $55,446 $62,329
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,037 6,428 17,537
2012 Number Of Employees 18,570 142,584 391,676
2012 Total Annual Payroll $279,319,000 $2,892,444,000 $4,294,967,295

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, 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.

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