Great South Bay Restaurant - Low Rent!

Los Angeles – “South Bay” area restaurant. This is an area favorite for their lunch and buffets. It is conveniently located on a major boulevard very close to major freeways, popular shopping centers, great schools, and much more. The customers rave about the food and are a loyal following. The buffet is a huge hit with the customers. The “South Bay” is one of the most culturally, economically, and ethnically diverse areas in the United States, with a largely even distribution of the population across European, Asian/Pacific Islander, African, and Latino ancestry.

Huge Potential!!! There are many very large corporations in the vicinity that benefit the lunch business in addition to the LA and Long Beach Port, such as Honeywell, Northrop Grumman, Honda, Toyota National Headquarters, Herbal Life has several large refineries, some large oil refineries and many more Corporations who employ a tremendous amount of employees. Not to mention business executives who fly into the area for business at these Corporations. The current owner is not a marketer and has done little to promote the delivery service or catering. Given the areas employers if you are a savvy marketer and caterer, there is HUGE potential here!!!

One of the greatest advantages to having your restaurant located within the South Bay is the Port of Los Angeles and Port of Long Beach, which when combined are the world’s 5th busiest ports. These ports are increasingly the primary driver of the Southern California economy and restaurants benefit from this hugely.

FEATURES: The restaurant features 2 dining areas (1 area is perfect for a buffet or special events), large hood system with ansul suppression system, Combo refrigerator/freezer, various refrigerated/freezing units, POS system, burner range with oven, fryer, Chicken Rotisserie, Salsa Bar, and much more.

LEASE: The monthly base rent is Very Affordable at just $1,500 for 1,024 square feet of space. That’s only $1.46 per square foot. Great price when considering that most restaurant rent’s are usually much higher even in today’s economy. The restaurant is comprised of 2 units, but it feels like one. Given the floor plan you can easily host a private party and section off one of the rooms while you’re other customers can sit and enjoy food in the main entrance dining area.

BRING YOUR OWN CONCEPT: If you decide that you do not want to purchase the name and recipes of this restaurant then BRING your own and take advantage of being located in the South Bay. With the area's demographics many different food concepts would work. The only concept that the landlord will most likely not allow is any Japanese concept to include sushi.

REASON FOR SELLING: Motivated Seller. The owner is selling due to the distance he has to travel to the restaurant daily. He wants to locate a restaurant closer to home.

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Demographics

Population	1-mi.	3-mi.	5-mi
2014 Total Population	32,788	338,075	639,349
Households	1-mi.	3-mi.	5-mi
2010 Number Of Households	11,580	114,425	218,360
2010 Persons Per Household	2.76	2.85	2.83
Median House Value	$516,700	$469,235	$548,085
Income Per Household	$72,194	$61,924	$70,610
Businesses	1-mi.	3-mi.	5-mi
2009 Number Of Businesses	580	8,001	17,688
2012 Number Of Employees	18,978	221,584	492,964
2012 Total Annual Payroll	$490,158,000	$4,294,967,295	$4,294,967,295

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