Santa Monica Restaurants For Sale
Killer Westside Corner Location - High Foot/Car Traffic - BIG PROFIT!
Go See This Amazing AAA Location in West L.A. By Selecting the Link to the Left Titled "Want Name/Address."
This is a AAA West Los Angeles location on a prime corner just-off the 405. This quick serve style restaurant has a large garden style patio area making it feel as though one is in the tropics surrounded by lots of plants, colorful decor and great music. There is indoor seating as well.
The daily traffic count in both directions is more than 50,000 cars as well as plenty of foot traffic walking by each day. These types of locations are rare to find coming on the market.
HISTORY: Established 26 years ago, this restaurant is a staple in the area providing great comfort food in a tropical atmosphere. It is absentee operated by employees with the owner not having operated this restaurant for several years. You can run the business as is or change the concept if you like, the owner will give you the menu and recipes (through the current employees who cook them each day) and of course the employees will stay if they so choose. The employees know the recipes. BUT THE NAME AND LOGO MUST CHANGE.
THE NUMBERS: The Sales in 2016 were $822,500 while the Seller's Discretionary Cash Flow was about $178,000. 2017 profit looks better than 2016. This store has good financial statements! SBA loan very possible with good buyer with 25% down, 700+ FICO, and at least 5 years restaurant management experience. Financials will be provided to qualified buyers.
LEASE: There will be a new lease offered on this business so detailed terms and conditions are negotiable but the buyer must make an offer based on receiving terms and condition at least equal to seller's current terms and conditions. Current all-in rent is about $8,000 a month including parking charge.
KITCHEN: There is a type 1 hood system of approximately 10' as well as a walk-in cooler and plenty of reach-in coolers and freezers. Although compact, this kitchen has all you'll need to operate a full restaurant menu efficiently.
FINANCING: SBA Loan is Possible for Qualified Buyers!
REASON FOR SELLING: The owners are slowly unwinding their business holdings preparing for retirement as they are getting up in their age.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000
Lease
Financials
Operations
Cosed Mondays
Facilities
Highlights
- Prime West L.A. Location
- Add Beer and Wine and Watch it Boom!
- Lots of Patio Seating
- Major Corner Location
- 50,000 Car Count Each Day
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 75,590 | 348,903 | 814,367 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 32,197 | 144,374 | 339,880 |
| 2010 Persons Per Household | 2.24 | 2.29 | 2.25 |
| Median House Value | $654,558 | $689,018 | $693,501 |
| Income Per Household | $60,261 | $66,978 | $62,786 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 2,260 | 18,850 | 35,953 |
| 2012 Number Of Employees | 74,076 | 469,548 | 876,200 |
| 2012 Total Annual Payroll | $2,532,134,000 | $4,294,967,295 | $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.