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#6006
San Fernando Valley Restaurants For Sale
Los Angeles Restaurants For Sale

Nicely Equipped Restaurant in Prime Ventura Blvd Location w/Parking!

$125,000
In Contract
Nicely Equipped Restaurant in Prime Ventura Blvd Location w/Parking!



ADD TO FAVORITE

Amazing Ventura Boulevard location with a ton of visibility and two shared parking lots. There are few better locations in the valley to launch or expand your restaurant concept than Ventura Boulevard. Here is a rare opportunity to purchase this 2nd-generation asset sale just two years after build out. Enjoy all of the benefits of immense vehicle & foot traffic with the added benefit of two shared parking lots... a tremendous amount of parking for any restaurant located on Ventura. This restaurant is located a half block south from one of the valleys busiest intersections. It is positioned in a great spot demographically to grow the delivery and takeout side of the business even further.

This restaurant is available as an asset sale OR as the business in its entirety. The restaurant has attracted a loyal base of customers that flock to the restaurant for its delicious and authentic cuisine. Not to mention it is one of, if not THE, only concepts of its kind on the boulevard with incredible branding. An experienced restaurant owner with a passion for cuisine could take this concept and grow it to its full potential! Current owner purchased the business in mid 2019 & has done considerably well in the pandemic given the circumstances. In 2020, throughout the Covid pandemic, the owner grossed $204,026 in revenue. So far in 2021 the owner is on pace to have just shy of $300,000 in revenue. Not bad for a new business starting out in the middle of the worst market the restaurant industry has ever seen!

Buyer may also purchase the restaurant as an asset sale and bring in their new or existing concept! The kitchen is nicely equipped and with just a few modifications/changes could convert to fit most if not all concepts. 2nd-generation restaurants are a dime a dozen in this market. Especially when you get a 2nd-generation restaurant in a prime Ventura Boulevard location with a great parking situation! Don't miss this one..

The kitchen features a great amount of equipment including:

  • Commercial Fryer 
  • BBQ Gas Countertop Charbroiler/Radiant 6 Burner w/ Stand
  • Commercial Gas Range (6 Burner)
  • Reach in Solid 3 Section Refrigerator
  • Reach in Solid 3 Section Freezer
  • & More! (full equipment list available upon request)

This restaurant is 1400 square feet with affordable rent coming in at $3,788.35 all-inclusive. There are 3 years remaining on the lease with a 5-year option!

New buyers should have significant restaurant experience, a credit score in the 700s, & plenty of cash-on-hand.

Give us a call today to learn more about this highly sought after opportunity!

This is a Paramount Restaurant Brokers, Inc. listing.
Vice President Sales Kyle Swanson DRE License #Arizona SA692125000 California 02121077

Lease

Region:
San Fernando Valley Restaurants For Sale
Los Angeles Restaurants For Sale
Lease Term:
3 Years Remaining Plus 5-Year option
Total Monthly Rent:
$3,788

Financials

Last Year's Annual Gross:
$204,026

Operations

Liquor License:
Beer & Wine
# of Full-Time Employees:
3
# of Part-Time Employees:
2
# of Working Owners:
1
Hours Open:
11-9pm
Year Established:
2019
Hood System Type 1:
Yes

Facilities

Indoor Seating:
35
# of Parking Spots:
Two Shared Lots
Inside Sq. Ft.:
1,400

Highlights

  • Great Ventura Boulevard Restaurant Location
  • Plenty of PARKING!
  • Nicely Equipped Kitchen
  • Ton of Visibility
  • Asset Sale
  • Great Cuisine & Brand Available

Financing

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

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

DISCLAIMER: 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 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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