#5519
San Fernando Valley

High Traffic Restaurant Facility in Woodland Hills

$40,000
Available
High Traffic Restaurant Facility in Woodland Hills



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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.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
San Fernando Valley
Lease Term:
Aug 31, 2022 + 5 yr option
Total Monthly Rent:
$8,664
Security Deposit:
$12,800

Operations

# of Part-Time Employees:
4
Hours Open:
11:00AM - 1000PM Tuesday - Sunday
CLOSED MONDAY
Year Established:
2018
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
34
Outdoor Seating:
12
# of Parking Spots:
lots
Inside Sq. Ft.:
1600
Outside Sq. Ft.:
100

Highlights

  • High Traffic Location
  • Lots of Parking
  • Near Movie Theater, Gym and Major Retailers
  • Beautiful Decor with lots of murals

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 24,717 24,717 150,314
Households 1-mi. 3-mi. 5-mi
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
Businesses 1-mi. 3-mi. 5-mi
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

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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