ASSET SALE RESTAURANT
Buyer can keep current concept or Bring Your Concept to this High Traffic Location
ABOUT THE RESTAURANT: This restaurant has served the West Hills area of the San Fernando Valley with an Ethnic Vegetarian Menu. Having received a 4 Star rating on Yelp it has struggled to reach its full potential as the owners have other businesses and career job positions which has left the restaurants daily operations in the hands of employees with very little supervision. Open the hours of 11:00 AM – 10:00 PM Tuesday – Sunday and closed on Mondays which if open could add the needed sales to reach a higher profit. This could be opened for Breakfast for an owner looking to increase into that day part.
The restaurant has plenty of equipment, fixtures and furniture to accommodate just about any style cooking. With high ceilings and a fresh and inviting atmosphere guests feel the relaxed and comfortable environment whether they are dining in the mural covered walls of inside dining area or sitting at one of the outside tables.
From entering the Shopping Center this restaurant catches the eye with the umbrella covered tables outside to the building sign and windows. The location is home to many large retailers both national and regional brands. There is a Movie Theater to attract guests both coming and going to the show. There is a Major Gym facility across the parking lot to offer health vegetarian items.
RECIPES & TRAINING: The recipes and training are included in the sales price if buyer wants to keep current concept. Restaurant is well staffed with Cooks and counter people that would be willing to stay on if Buyer so chooses to continue this concept.
KITCHEN: There is a well-equipped kitchen with a large hood system, a grease trap and is set-up for easy operations and cleaning.
LIQUOR: There is NO Liquor License.
LEASE: Expires Aug 31, 2022 and has a 5 yr option. All-in monthly rent is $8,664 with 1,600 Sq Ft plus out side tables. The lease has a 3% min yearly increase.
GREAT AREA: The West Hills Area is a very desirable area in Southern California. With the 101 freeway close by and good area demographics. The shopping Center attracts people from a large area as the retail mix in center is great.
A Buyer can choose to continue with the current concept or bring in your own concept as this restaurant. There would not be a need to change much over to a different style of restaurant.
So come on by and see if this place is not all stated above and more.
Click on the "Sign NDA" tab and get name, address and pictures of this opportunity and see if this might just be the place you've wanted.This is a a Paramount Restaurant Brokers, Inc. listing.
|2014 Total Population||24,717||24,717||150,314|
|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|
|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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