Regional Chain Needed for this Restaurant/Bar/Club AAA Location.

Selling Restaurants Presents this Rare AAA location Restaurant, Bar, Club, and special event facility that includes the purchase of the building (not the land). This is a land lease situation with about 10 years remaining. The seller believes additional years could be available to a strong buyer. It is located in a prime area of the West San Fernando Valley on a major intersection and in major mall. There are 9,000 sq ft, a type 47 liquor license, and an entertainment permit. It has a large fully equipped kitchen able to facilitate large volumes of hundreds of people. There are two gorgeous dining areas and each has their own bar! There is seating capacity of about 250 plus lounge seating. The restaurant is in a major retailing area creating plenty of foot and drive-by traffic! This is perfect for a regional chain looking to get into the West San Fernando Valley. The restaurant or club operation is not used and the facility is only used for private parties. There are some changes needed to the Conditional Use Permit to make it a full fledge bar/club, but those changes are very doable. The leases in this area are averaging $3.50-4.50 per square foot including the CAM's. This land lease is only $1.70 per sq. ft. which includes CAM, Mall advertising fee and Taxes. The land lease alone is worth about $1.3 million - in other words, there is more than $16,000 ($3.50 less $1.70 multiplied by 9,000 Sq. Ft.) a month rent savings over a market rate rent giving this savings a present value in excess of $1.3 million. The price is about 50% of this value! Put that together with the club/sports bar potential and this could be a cash cow business. The new owner should have lots of capital, plenty of experience, and a track record of success in the restaurant/bar business. If you don't have this, please select one of our other listings that may be more suitable to your credit and skills. This is a big restaurant!

Those regional chains can't miss this one! Select one of the orange buttons below to get the process started.

Demographics

Population	1-mi.	3-mi.	5-mi
2014 Total Population	24,717	24,717	150,314
Households	1-mi.	3-mi.	5-mi
2010 Number Of Households	8,315	8,327	50,253
2010 Persons Per Household	2.91	2.91	2.78
Median House Value	$495,300	$494,586	$468,331
Income Per Household	$97,081	$96,941	$69,088
Businesses	1-mi.	3-mi.	5-mi
2009 Number Of Businesses	649	652	4,616
2012 Number Of Employees	12,280	12,296	151,494
2012 Total Annual Payroll	$258,871,000	$259,020,000	$4,153,853,000

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