#5400
San Fernando Valley

Mexican/Salvadoran - Busy Street - Low Rent - Low Price!

$70,000
Available

Want to Visit this Restaurant - Look to the Left "Want Name/Address" Then Go!  

North Hills Restaurant on Busy Street is available. Currently serving Mexican and Salvadorean style Foods.

Owners have put in a New Hood System and have had the grease trap serviced since purchasing the business. The restaurant is only 634 Sq Ft keeping the rent lower yet has seating for 15. The cooking line has all the basic equipment needed, there's an open gas grill, flat grill and 6 burners with 2 ovens underneath, 2 basket fryer and a high heat wok burner.

Current lease is only $1700 with a minimal $100 a month rent increases each year. CAM Charges only $500 a month.

Most of the orders are currently take out and delivery. Recently owners added Grub Hub delivery which has added sales without adding costly labor.

The restaurant is Family run so buyer will need to bring in or hire their own staff. Seller will teach recipes to buyer if they want to continue with current concept.

Owner is selling because they own another restaurant in Bakersfield which has experienced sales decline and costs rising while here building this restaurant. They find themselves needing to return to the other business to get things back in line.

So don't miss out on this opportunity, Sign the NDA  and get the name, address and pictures and see if this is not a nice little place to set up shop.

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

Lease

Region:
San Fernando Valley
Lease Term:
April 30, 2020
Total Monthly Rent:
$2200

Operations

# of Family Employees:
3
# of Working Owners:
1
Hours Open:
9AM - 8PM 7 days
Year Established:
2018
Hood System Type 1:
Yes

Facilities

Indoor Seating:
15
# of Parking Spots:
shared lot
Inside Sq. Ft.:
634

Highlights

  • High Traffic Area
  • New Hood System
  • Well Maintained Shopping Center

Financing

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

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

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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