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#453
Los Angeles Restaurants For Sale

Restaurant Facility - currently Asian - perfect to convert into new concept

$85,000
Restaurant Facility - currently Asian - perfect to convert into new concept
This Listing is Expired
This is a charming restaurant facility located in the Winnetka on the street front of a strip center with lots of parking in the rear. It's kitchen is fully equipped with plenty of refrigeration, and cooking equipments. The dining area is clean, tables and chairs properly maintained in excellent condition. It comfortably sits up to 60. There are 1,575 Sq. Ft. Monthly rent is $1,400 with no CAM. Its low operating cost is hard to find in the Valley!
Agent Puffin So DRE License #01730371

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
2yr 10months + 0 option
Total Monthly Rent:
$1,400
Security Deposit:
$1,400

Financials

Last Year's Annual Gross:
$78,540
Last Year's Food Cost %:
24.19
Last Year's Rent %:
21.39

Operations

Liquor License:
none
# of Family Employees:
2
Hours Open:
9am - 9pm
Close Tuesdays and major holidays
Open about 10 months in a year
Year Established:
1995
Hood System Type 1:
Yes

Facilities

Indoor Seating:
48
# of Parking Spots:
85
Inside Sq. Ft.:
1,575

Highlights

  • Great for family operation
  • Located at a busy cross streets
  • Fully equiped kitchen with plenty of storage and working area
  • Plenty of parking space behind the restaurant
  • Low flat rate rent $1,400/month, no CAM on 1575 sq ft.
  • Great Breakfast & Lunch Location
  • Great for any concepts

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 46,503 180,015 483,281
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 13,635 54,477 162,351
2010 Persons Per Household 3.28 3.16 2.83
Median House Value $357,500 $359,517 $468,149
Income Per Household $61,112 $54,387 $64,102
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 452 3,896 14,434
2012 Number Of Employees 6,076 81,206 341,538
2012 Total Annual Payroll $75,579,000 $1,216,407,000 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, 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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