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#588
Los Angeles Restaurants For Sale

Asian Noodles Restaurant in Greater Los Angeles

$200,000
Asian Noodles Restaurant in Greater Los Angeles
This Listing is Expired
Located in a busy area with a huge Asian population, this free standing building restaurant has been operating for over 25 years. There are 19 parking space on the lot along with street parking. The restaurant has 2000+ sq ft with a recently remodeled dining area that seats 80 customers. This restaurant is spotless and well maintained throughout - owner is meticulous in keeping the store shine!Monthly rent including NNN is $4200. Monthly gross revenues are about $50,000 with around 15 to 20% as the net adjusted profit according to the owner. Owner bought the restaurant about a year ago and has learned that the hours are too long for their family with young children.
Agent Puffin So DRE License #01730371

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
3 years and 6 months remaining
Total Monthly Rent:
$3,920
Security Deposit:
$7,840

Financials

Last Year's Rent %:
8.2

Operations

# of Full-Time Employees:
5
# of Part-Time Employees:
2
# of Family Employees:
2
Hours Open:
8am to 9pm
close on Thursdays
Year Established:
1980
Hood System Type 1:
Yes

Facilities

Indoor Seating:
80
# of Parking Spots:
25
Inside Sq. Ft.:
2,000
Outside Sq. Ft.:
200

Highlights

  • Monthly Gross $50,000 with around 15-20% adjusted net profit.
  • Free standing building.
  • 2000+ sq feet, with a private 19-cars parking lot
  • Low rent $4200 includes NNN.
  • Established for 25+ years.
  • Newly remodeled dining area
  • New compressors for both walk-ins and A/C
  • Spotlessly clean throughout the whole restaurant
  • All equipment well maintained and in good operating condition
  • Only opens 6 days a week
  • Selling because workload is too much for owner who has young children
  • Price reduced for quick sale

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 61,864 201,911 620,354
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 16,588 55,049 182,194
2010 Persons Per Household 3.70 3.63 3.34
Median House Value $414,000 $413,945 $464,431
Income Per Household $47,373 $45,748 $54,091
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,161 5,742 14,517
2012 Number Of Employees 28,844 118,650 320,808
2012 Total Annual Payroll $791,615,000 $2,378,614,000 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, 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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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