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#721
Los Angeles - Hollywood - DTLA

Best Asian Restaurant in Town or Convert to Mexican or Italian!

$126,000
Sold
Best Asian Restaurant in Town or Convert to Mexican or Italian!
This Listing is Sold
This Asian Restaurant is located in a recently remodeled busy strip mall in the Santa Clarita Valley off a main street. It can remain Asian or be converted to Mexican or Italian where food can be made to order. There is approx. 1,350 square feet seating approx 38 people. There is plenty of parking. The rent is currently $4,967.47 per month including NNN. The lease has 4.6 years remaining. Landlord will negotiate a new longer term lease. The restaurant is very clean and in great condition. Owner has worked full time since purchasing and has established great customer relationships. They have many repeat customers and excellent service including delivery. Owner is very tired and wants to retire from business. Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers. This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
4.6 years remaining
Total Monthly Rent:
$4,900
Security Deposit:
$4,700

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
2
# of Family Employees:
1
Hours Open:
Monday-Saturday 11:00AM-9:00PM
Sunday-11:00AM-8:00PM
Year Established:
1996
Hood System Type 1:
Yes

Facilities

Indoor Seating:
38
# of Parking Spots:
100
Inside Sq. Ft.:
1350

Highlights

  • Asian Restaurant located in a recently redeveloped and very busy strip mall.
  • Restaurant is in excellent condition.
  • Approx 1350 square feet and seats approx. 38 people.
  • Rent is currently at $4900 per month.
  • Owner established great customer relationships.
  • Great service and quality of food.
  • Plenty of parking and a lot of foot traffic in this location.
  • Can convert to Mexican or Italian with Landlord Approval.
  • Located is the very desirable Santa Clarita Valley area.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 35,912 69,342 101,329
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 10,991 21,027 30,549
2010 Persons Per Household 3.01 3.11 3.08
Median House Value $380,900 $347,824 $381,168
Income Per Household $98,112 $85,245 $92,230
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 715 1,301 1,597
2012 Number Of Employees 16,210 26,204 28,822
2012 Total Annual Payroll $260,605,000 $416,236,000 $458,289,000

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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