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#3413
San Fernando Valley

JOIN VENTURA BLVD'S RESTAURANT ROW!!!!

$45,900
Sold
JOIN VENTURA BLVD'S RESTAURANT ROW!!!!
This Listing is Sold

OWNER WILL CONSIDER A PARTNERSHIP FOR NEW CONCEPT!

LOCATION LOCATION LOCATION.  Tarzana is fast becoming the epicurean epicentre of the West Valley fueled by the expansion of Tarzana Village Walk.  The City Walk is well designed , and was a desperately needed new development which has become both an economic and demographic driver forthe Tarzana retail and restaurant market.  Space this size with a full kitchen and TWO fully operational hoods is almost unheard of and with rent at a mere $1.65 PSF (ALL IN), versus $2.00 plus in the same trade area.

Bring your concept and launch on prime Ventura Blvd. real estate, perfect for high end pizze beer and wine, a casual Mexican concept or something with broad appeal.    Your space planner can open up this storefront to the street with a new facade , install a rail to enclose a small patio area and Voila!  Blvd seating with excellent visibility.

Tarzana is hungry for unique restaurants and demand is high for for "casual gourmet" with beer and wine, and this space is absolutely perfect with a list of very credible national brand neighbors and other high visibility retailers very soon to come. Rents in the new development are running North of $4.00 PSF.

Rear kitchen has full hood and grease trap and efficient cooking line.  The front hood can be removed or used for display cooking such as a wood burning pizza oven, Tortilla wheel or visual prep area.

A new restaurant concept called Towne opened adjacent to this space and is being met with great local response!!!

ELITE RESTAURANT BROKERS INC. LISTING

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

Lease

Region:
San Fernando Valley
Lease Term:
expires 10-31-2012 two 5 year options
Total Monthly Rent:
$1,639
Security Deposit:
$1,500

Operations

# of Full-Time Employees:
1
# of Family Employees:
1
Hours Open:
varies
Year Established:
2007
Hood System Type 1:
Yes

Facilities

Indoor Seating:
61
Inside Sq. Ft.:
998
Outside Sq. Ft.:
80

Highlights

  • TENANT WILL CONSIDER PARTNERSHIP FOR NEW CONCEPT!!
  • BELOW MARKET LEASE 1.5 YEARS PLUS 2 FIVE YEAR OPTIONS WITH 3% CPI
  • CURRENT RENT ONLY $1.65 PSF
  • COMMUNITY STARVING FOR NEW CONCEPTS
  • FULL COOKING LINE
  • SECOND HOOD IN FRONT OF RESTAURANT
  • HEART OF TARZANA RESTAURANT DISTRICT
  • BEST PRICED RESTAURANT IN AREA
  • VERY POSSIBLE BEER AND WINE
  • POSSIBLE FRONT PATIO SPACE BORDERS VENTURA BLVD.
  • HIGH VISIBILITY
  • NEXT TO MANY POPLULAR RESTAURANTS

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
50%
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 30,005 73,782 374,063
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 11,686 29,150 129,843
2010 Persons Per Household 2.50 2.42 2.73
Median House Value $704,700 $672,251 $504,237
Income Per Household $70,759 $77,796 $65,815
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,638 6,030 16,055
2012 Number Of Employees 23,414 91,662 333,892
2012 Total Annual Payroll $511,204,000 $2,525,830,000 $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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