Los Angeles Area AAA restaurant and bar Location needs EXPERIENCED PARTNER

Selling Restaurants is offering this unique partnership opportunity. The owner of this large restaurant/banquet/club facility uses this facility only for large banquets and catering events and no more than 3 days a week. We need an EXPERIENCED operator to expand the use of this facility and capitalize and maximize on this AAA location potential for HUGE profits. The new partner must have a proven track record of running high volume restaurant and bar businesses with annual revenues in the range of $5 million or more. Any one interested must submit personal or corporate financial statements before the name and location are given. NO EXCEPTIONS! The perfect partner must currently own a least one other restaurant and bar generating multi-million dollar annual revenues and wants to expand to a AAA location in the West San Fernando Valley. The new partner must be well capitalized and have good credit. This will be a joint venture whereby the new partner�s contribution is the upgrades to the facility, which must be hundreds of thousands and the operation of the business. The current owner�s contribution to the partnership is a land lease that�s $1.80 a month below market or $1.3 million present value rent savings over the next 10 years, the kitchen equipment, the liquor license, the entertainment permit, the building and the existing improvements. Please don�t contact us unless you agree to the above terms. These are not negotiable per se. The land lease on this property is only $1.70 Sq. Ft. and this includes the CAM�s! The present value of these saving over the next 10 years of the remaining life of the land lease is $1.3 million � that�s $1.3 million pure rent saving over the next 10 years! This location is at least a $6-10 million annual revenue location. Besides the restaurant and club potential, this facility is designed to handle high volume and is perfect for large wedding receptions, corporate events, graduations, Bar/Batmitzvah�s, and large family events. This is a Beautiful 9,000 sq ft building with a huge well equipped kitchen. There will need to do some minor updates to the Conditional Use Permit to use the facility as a club, but those changes are doable. The facility is located on a very busy corner intersection of the West San Fernando Valley with dense population of both business and residential within a few miles. This is a AAA location where rents are typically in the $3.50-$4.50 a Sq. Ft. This corner location has plenty of foot and drive-by traffic helping the new partner with branding and advertising. If you don't want a partner, then you can buy the facility, the land lease, the building, and liquor license and the entertainment permit for $649,000, that's more than 50% off the present value of the lease alone! The owner needs to take time away from the business for personal reasons.

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Demographics

Population	5-mi
2014 Total Population	0
Households	5-mi
2010 Number Of Households	0
2010 Persons Per Household
Median House Value	$0
Income Per Household	$0
Businesses	5-mi
2009 Number Of Businesses	0
2012 Number Of Employees	0
2012 Total Annual Payroll	$0

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