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#5002
San Fernando Valley Restaurants For Sale

High Dense Traffic Area - End-Cap Unit - Patio - Full Kitchen

$50,000
High Dense Traffic Area - End-Cap Unit - Patio - Full Kitchen
This Listing is Expired

TO VISIT THIS LOCATION SELECT THE BUTTON TO THE LEFT TITLED "Sign NDA"

THIS RESTAURANT CLOSED.  PLEASE SIGN THE NDA TO GE THE LOCATION AND SEE IF YOU CAN GET A LEASE.

Located in the heart of the San Fernando Valley with high density car and foot traffic, this Restaurant and Coffee House features not only a great coffee bar, but also has a full kitchen enabling it to produce some great food as well as amazing coffees.  No doubt 10's of thousands of cars pass-by each day on this corner location strip center plus probably 1,000+ pedestrians each day as well. 

The eclectic interior seats more than 40 people in a warm and welcome format including lounge chairs, a sofa and plenty of tables and chairs. The outside patio can seat at least 10 people. The location use to have a beer and wine, but the current owner can't obtain one since the ABC requires one ot be a citizen of the United States. 

The kitchen is the perfect size with about a 13" hood system, a walk-in cooler containing a freezer as well, fryers 6 burner stove and three deep fryers and finally a double stacked Bloggett oven. 

The owner claims sales are about $30,000 a month, but the buyer MUST audit and verify this claim as the records are not provided and the location has been priced for this contingency. 

The space has 1,650 Sq. Ft. plus an outside patio that's about 50+ Sq. Ft. The rent is a low $6,267 a month and this includes the NNN/CAM fees. There are 4 years plus an option for another 3 year available. 

 

 

 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
San Fernando Valley Restaurants For Sale
Lease Term:
Expires April 30, 2021 + 3 Year Option
Total Monthly Rent:
$6,267

Financials

Last Year's Annual Gross:
$360,000

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
9
# of Working Owners:
1
Hours Open:
8:30 am - 7:00 pm - Mon-Fri
8:30 am - 10:00 pm - Sat-Sun
Year Established:
2016
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
Outdoor Seating:
10
# of Parking Spots:
25
Inside Sq. Ft.:
1,650
Outside Sq. Ft.:
50

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 46,092 264,938 581,368
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 14,903 95,926 202,442
2010 Persons Per Household 3.00 2.63 2.75
Median House Value $363,400 $474,463 $486,551
Income Per Household $42,521 $53,264 $55,581
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 648 6,649 15,829
2012 Number Of Employees 14,952 165,062 390,902
2012 Total Annual Payroll $221,925,000 $3,853,378,000 $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, 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, 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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