Selling Restaurant presents this Large AAA restaurant and bar facility for lease. Take over this 9000 sq ft Restaurant in a GREAT location without the cost of buying the business. There are 2 Dining Rooms each with there own service bars and dance floors. You will only need the required deposits, rent, and any additional equipment or decor changes you desire to make. Of course one needs a great credit score, plenty of working capital and a strong personal financial statement in order to male an offer to lease this property. For an additional cost, the proposed new tenant can purchase the liquor license, which is a type 47 license, that current reside with the property. The restaurant and bar is presently operated only for banquets, giving this property lots of upside. The neighboring restaurants are AAA multi-million dollar national chains. The location is right on the street, with 10's of thousands of cars passing by each day. There is no way hungry people won't see the restaurant and think of this location first. The neighboring restaurants have waiting lines to get in on the weekends and evenings. Don't miss this opportunity to get this AAA location.
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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 Jan 2012 + 5 yr option
Total Monthly Rent:
$29,250
Operations
Hours Open:
3 days Friday, Saturday and Sunday and as Banquet require
Fri, Sat and Sun as club and dance venue when not in use for banquets
New Owner could be operated 24/7 or as many hours owner chooses.
Could change to a Full Service Restaurant and Bar Location.
Highlights
- Lease this Well Equipped 9000 Sq Ft Restaurant in AAA Location
- Very Busy Area with Major Tenants in center and LOTS of Street Traffic
- Beautiful interior with 2 seperate dinning room that seat apprx 125 each and lounge with 28+ seats
- Type 47 Liquor License avaliable at additional cost.
- Large Fully equiped kitchen able to handle high volume
- Sits near intersection of 2 major thourough fares.
- Plenty of parking avaliable.
- Each dining room has its own service bar and dance floor
- Lease term through Jan 2012 plus a 5 year option
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
1-mi. |
3-mi. |
5-mi |
2014 Total Population |
24,717 |
24,717 |
150,314 |
Households |
1-mi. |
3-mi. |
5-mi |
2010 Number Of Households |
8,315 |
8,327 |
50,253 |
2010 Persons Per Household |
2.91 |
2.91 |
2.78 |
Median House Value |
$495,300 |
$494,586 |
$468,331 |
Income Per Household |
$97,081 |
$96,941 |
$69,088 |
Businesses |
1-mi. |
3-mi. |
5-mi |
2009 Number Of Businesses |
649 |
652 |
4,616 |
2012 Number Of Employees |
12,280 |
12,296 |
151,494 |
2012 Total Annual Payroll |
$258,871,000 |
$259,020,000 |
$4,153,853,000 |
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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.