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#5319
Los Angeles - Hollywood - DTLA

One of L.A.'s Best Locations! Full Liquor + 40 Years in Business

$1,500,000
In Escrow

This is a pocket listing located in Glendale CA with revenues of $4.2 million and profit of $750,000. 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
15 Years
Total Monthly Rent:
$17,000

Financials

Last Year's Annual Gross:
$4,200,000
Last Year's Owner's Cash Flow:
$750,000

Operations

Liquor License:
47
Year Established:
1960

Facilities

Inside Sq. Ft.:
5000

Highlights

  • AAA Location
  • Long History
  • Type 47
  • Long Term Lease
  • Huge Growth in Area

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 46,369 217,361 795,052
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 17,253 81,670 292,990
2010 Persons Per Household 2.56 2.53 2.58
Median House Value $523,898 $573,118 $556,402
Income Per Household $55,711 $50,372 $47,235
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,016 6,312 19,452
2012 Number Of Employees 55,410 174,280 517,514
2012 Total Annual Payroll $1,048,769,000 $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 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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