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#4529
San Fernando Valley
Los Angeles - Hollywood - DTLA

Ventura Blvd. Asian Restaurant with Beer & Wine and Patio

$95,000
Sold
Ventura Blvd. Asian Restaurant with Beer & Wine and Patio
This Listing is Sold

Great Asian Fusion Style Restaurant on Ventura Blvd in the high income area of Woodland Hills. This unique Restaurants food creations sends the customers home satisfied over and over again. Restaurant has a Beer and Wine License.

This restaurant is well equipped and has been kept up very well. Upon walking in the front door it has a nice warm feel. Current owner took over an older restaurant in 2010,came in cleaned the place up, added the equipment he needed for his style of cooking, added many upgrades and has been doing very well ever since. You can see the pride of ownership throughout the customer areas as well as the kitchen area.Then the Pato adds to the dinning enjoyment of guests, there are 4 built in heaters for those cooler winter nights.

Owner has 2 other locations as well and has found that his time is needed more at the new larger location and without being able to spend the time needed at this location has seen sales begin to slip so he is back rebuilding sales again. Restaurant throws a nice profit that Seller will discuss with buyer but he has priced this as an asset sale even though sale have been in the $450,000 range (these sales have not been verified by SellingRestaurants and Buyer should do their own verification). Because of the other 2 locations the business name is not included in sale.

Seller will train buyer on food preparations of menu items if buyer continues with current menu style. Cooks are well trained as well and would consider staying with new owner.

Restaurant seats 48 people inside and another 28 on the Patio.

The restaurant has amazing reviews on Yelp with 4 stars given from over 120 customer reviews. Heres what customers are saying.

-"I have no idea why this spot has eluded my radar for so long.  Love both Thai and Vietnamese food, so this was a no-brainer...."

-"Delicious authentic Thai food with great service. We ordered an entree of duck leg with bok choy and an order of yellow curry.
The roasted duck leg quarter was delicious! It was cooked to perfection and presentation was nice as well...."

The reviews go on and on.

Go to SellingRestaurants.com to get the name and addrss as well as photos of this business. 

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

Lease

Region:
San Fernando Valley
Los Angeles - Hollywood - DTLA
Lease Term:
Expires March 31, 2016 + 3 year option.
Total Monthly Rent:
$5,708

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
4
# of Working Owners:
1
Hours Open:
11:00AM - 2:30PM Monday-Saturday
5:00PM - 9:00 PM Monday-Thursday
5:00PM - 9:00 PM Friday-Saturday


Year Established:
2011
Hood System Type 1:
Yes

Facilities

Indoor Seating:
48
Outdoor Seating:
24
# of Parking Spots:
Lots
Inside Sq. Ft.:
1700
Outside Sq. Ft.:
1600

Highlights

  • Ventura Blvd Location
  • Busy Shopping Center
  • PATIO Dining
  • Very Good YELP Reviews
  • Beer and Wine License
  • Well Established 5 Year

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 25,379 99,037 311,356
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 10,409 35,804 107,806
2010 Persons Per Household 2.47 2.56 2.76
Median House Value $646,400 $525,722 $527,552
Income Per Household $91,100 $73,717 $71,361
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,872 4,971 11,273
2012 Number Of Employees 27,614 141,170 235,842
2012 Total Annual Payroll $592,128,000 $3,948,711,000 $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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