#6143
Santa Monica Restaurants For Sale
Los Angeles Restaurants For Sale

Asian Restaurant in Busy Area

$69,000
Available
Asian Restaurant in Busy Area



ADD TO FAVORITE

Taiwanese Style Cuisine located in a busy area with plenty of Parking. Buyer can continue with current style restaurant or convert it to your style  with Landlords approval.

The very inviting dining room seats 40 and there are 2 tables out front that can seat another 8 people'

Cooking area has 15" hood (approx) with a 4 Wok Station, a 2 Large Basket Fryers and a 6 Burner Stove top with an oven as well as other cooking and refrigeration units.

There is also a Prep-Kitchen away from the production line.

The business has been growing steadily with 2020 Sales of $665,963, 2021 Sales of  $818,606 and so fare 2022 is showing an average monthly sale of $76,418 which is a 12% increase over 2021 average sale.

The lease runs through December 31, 2027 with a 5 year option.

The restaurant is fully staffed with 5 full time and 5 part time employees.

Please keep your visit confidential when visiting.

Do NOT talk about the business being for sale with help or owner, all questions direct to Broker.

Landlord will need to approve Buyer for lease assignment and Buyers Restaurant Concept

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Santa Monica Restaurants For Sale
Los Angeles Restaurants For Sale
Lease Term:
December 31, 2027 plus 5 year option at fair market
Total Monthly Rent:
$13,160

Financials

Last Year's Annual Gross:
$818,606

Operations

Liquor License:
none
# of Full-Time Employees:
5
# of Part-Time Employees:
5
# of Working Owners:
1
Hours Open:
11:00 AM - 9:30 PM 7 Days
Year Established:
2016
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
Outdoor Seating:
8
# of Parking Spots:
LOTS Structure
Inside Sq. Ft.:
1,545
Outside Sq. Ft.:
400

Highlights

  • High Traffic Center
  • Lots of Parking
  • Good Visability
  • Just off the 405 Freeway
  • Well equipped Asian style kitchen
  • Sales increasing year over year
  • Very nice-looking Dining Area

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 26,701 340,071 703,453
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 10,968 150,643 312,843
2010 Persons Per Household 2.29 2.12 2.10
Median House Value $904,200 $785,407 $800,316
Income Per Household $84,579 $68,161 $76,132
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,317 20,696 41,491
2012 Number Of Employees 60,362 515,092 1,016,570
2012 Total Annual Payroll $1,904,856,000 $4,294,967,295 $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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