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#512
Los Angeles - Hollywood - DTLA

Quick Serve Restaurant in an ultra busy location in Woodland Hills

$70,000
Sold
Quick Serve Restaurant in an ultra busy location in Woodland Hills
This Listing is Sold
1200 sq ft quick serve restaurant right in the heart of the busiest shopping center in Woodland Hills.
Rent including NNN will be slightly below $4000 for the new owner. Inside seating 27, outside seating 10 during day time and as many as you want at night. Enormous parking lot shared by all tenants, anchored by a big chain grocery store.
The owner bought it in February, 2005. Owner does not anticipate the amount of work and hours demanded in an owner/operator. Decided to sell. Huge potential left untouched. This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
New Lease
Total Monthly Rent:
$3,500
Security Deposit:
$3

Financials

Last Year's Payroll Cost %:
24.90
Last Year's Rent %:
27.25

Operations

# of Full-Time Employees:
1
Hours Open:
10am to 9pm
Close Sundays
Year Established:
2005
Hood System Type 1:
Yes

Facilities

Indoor Seating:
27
Outdoor Seating:
10
# of Parking Spots:
100
Inside Sq. Ft.:
1200
Outside Sq. Ft.:
100 to 1000

Highlights

  • Busiest shopping location in Woodland Hills
  • Huge parking lot share by all tenants
  • 1200 sq ft with 27 inside seating
  • Outside seating is 10 in the day and unlimited at night
  • Huge delivery and late night business potential
  • Anchored by a big grocery store chain
  • Never a slow time at this location
  • Keep it as it is, convert it to pizza, Mexican, vegetarian, BBQ or other new concepts
  • This is a very hard to come by chance
  • Most tenants have been here for over 10 years

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

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

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, foreward 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.

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