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#5491
San Fernando Valley Restaurants For Sale

Money Making Restaurant/Bakery in Prime Ventura Blvd Sherman Oaks

$249,000
Available
Money Making Restaurant/Bakery in Prime Ventura Blvd Sherman Oaks



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ABOUT THE RESTAURANT: This High Volume Restaurant and Bakery has served the Sherman Oaks area since 2005. It is local favorite to many who have come to add this to their regular restaurant visit each week. The restaurant is open 7 days a week (currently open Friday, Saturday and Sunday) serving Breakfast, Lunch and Dinner.  Known for serving dishes from their country, this restaurant is capturing one person at a time including many celebrities who have made this a place they often visit. 

This is a beautiful restaurant from the moment one walks through the doors. The beautiful European Style Cafe setting with the stylish decor of the dining area to the comfort of the patio.  The colorful Bakery Display Case shows-off the array of colorful and appealing delicacies, making it the center piece of the restaurant. (Owner currently has a Sidewalk Seating Permit for additional seating)

But it all starts with the great quality! The Bakery's reputation is well know in their ethnic community and among all those who have tried their signature items. Expand the business by wholesaling the products to local restaurants as well as grocery stores and coffee shops. 

RECIPES & TRAINING: The recipes and training are included in the sales price. Restaurant is well staffed with Bakers and Cooks willing to stay on if Buyer so chooses.

KITCHEN: The kitchen has a well functioning layout that does not waste a single inch of space. The menu offerings have taken into account the kitchens ability to produce the items at a good pace to be sure the guests visit is one to remember.

LIQUOR: Beer and Wine license. 

LEASE: Landlord has been contacted and will write a new Lease with a 5 year term and 5 year option and is open to talking possible additional terms for approved buyer. Current rent including CAM charges is Only $3,950 which is a very nice rent for this area and is only 5.79% of current sales.

SALES: Sales for 2019 little over  $782,000 and 2018 were just shy of $793,000 and a net Profit over $123,000 and owner is not actively working the restaurant. Only tasks preformed are the ordering of goods, that cooks make notes of what's needed and calculating payroll. Owner will hang out from time to time as it is a very enjoyable atmosphere and enjoys meeting with the guests. So a new owner could take on a more active roll in business and see bottom line increase by cutting back on existing staff levels.

GREAT AREA: Sherman Oaks is a very desirable area in Southern California with a strong economy, great homes, schools and close to all LA has to offer yet having that village charm.

A Buyer can choose to continue with the current concept or bring in your own concept as this restaurant would not need much done to change over to a different style of restaurant.

Click on the "Sign NDA" tab and get name, address and pictures.

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
San Fernando Valley Restaurants For Sale
Lease Term:
NEW Landlord will give 5 yr + 5 yr option
Total Monthly Rent:
$3,950
Security Deposit:
$3,200

Financials

Last Year's Annual Gross:
$782,000
Last Year's Owner's Cash Flow:
$123,513
Last Year's Rent %:
5.79

Operations

Liquor License:
41 beer and wine
# of Full-Time Employees:
3
# of Part-Time Employees:
10
Hours Open:
8:00 AM - 9:00PM 7 days a week
*CURRENTLY Fri, Sat and Sundays
Year Established:
2005
Hood System Type 2:
Yes

Facilities

Indoor Seating:
32
Outdoor Seating:
16
# of Parking Spots:
1 + street parking
Inside Sq. Ft.:
1,250
Outside Sq. Ft.:
60

Highlights

  • Ventura Blvd. Location
  • Hot Sherman Oaks Area
  • Low Rent
  • Beer & Wine Included
  • High Volume
  • Basically Absentee Operated
  • Fully Trained Staff

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 31,639 180,870 604,331
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 14,876 76,942 237,392
2010 Persons Per Household 2.07 2.26 2.40
Median House Value $755,300 $656,667 $605,414
Income Per Household $74,011 $64,546 $62,495
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,507 7,380 24,492
2012 Number Of Employees 22,062 118,098 463,404
2012 Total Annual Payroll $460,701,000 $2,942,656,000 $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, foreward 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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