#5622
Los Angeles - Hollywood - DTLA

Hot Hollywood Location - Low Rent - Priced To Sell

$175,000
Available
Hot Hollywood Location - Low Rent - Priced To Sell



ADD TO FAVORITE

Facebook Twitter
Google+ Email

This restaurant sits on Sunset Blvd near La Brea and is an asset sale - You're buying a turn-key restaurant to start your new concept.

Rent is ONLY $4128.38 TOTAL for 1737 Sq Ft Restaurant. That's $2.38 per ft including NNN.

Lease goes through April 30, 2025 with 5 yr option (to current lessee so will need to negotiate this)

Lease has increases of 3%minimum vs CPI rate

Because owner desires to leave the country he has put the restaurant up for sale

Besides the ability to have a good breakfast and lunch business, the area has a busy night life so late hours have strong sales as well.

WHAT IS INCLUDED IN SALE

LOW RENT LEASE with 10 years with minimal rent increases.

Kitchen has a 22 Ft Hood

Equipment includes 10 burner stove with 2 ovens beneath, 3 Door Freezer,  3 Door Fridge, 2- 2 door sandwich style refrigerated prep tables,  2 burner stock pot stove, specialty oven and more. Includes all the pots, pans, small wares, utensils, table ware, ETC.

Dining Room is divided into 2 areas which lends itself to being able to handle large groups without unconvincing regular guests.

Mix of Tables and Chairs and Booths.

There is a service bar area that has been added and with a little work could be a guest bar.  Current owner does not have a liquor license but restaurant does have 2 guest restrooms and has had a beer and wine license in past.

WHATS NOT INCLUDED IN SALE

Name of Restaurant and Recipes.

Training will consist of a restaurant orientation to become familiar with the layout and equipment - basically where the light switches are located. 

Please remember to keep your visit confidential as business is still open and operating.

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

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
April 30,2025 - 5 yr option (current tenant)
Total Monthly Rent:
$4,128
Security Deposit:
$3,696

Operations

Hours Open:
3PM -1AM 7 days

Facilities

Inside Sq. Ft.:
1737

Highlights

  • LOW RENT
  • 10 Years
  • Sunset Blvd Location
  • Recent Remodel
  • 22 Ft Hood in Kitchen

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 51,333 296,439 806,173
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 28,534 143,821 347,918
2010 Persons Per Household 1.69 1.89 2.15
Median House Value $873,100 $805,690 $747,073
Income Per Household $52,641 $65,705 $57,740
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,003 16,492 37,032
2012 Number Of Employees 26,724 367,046 826,714
2012 Total Annual Payroll $522,089,000 $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.


Home
» Listings
» For Buyers
» For Sellers
» Brokers

» About Us
» Support
» Testimonials
Let's Connect
626-387-3658 or 510-500-7975
Send Email
Social Media



© Copyright 2020 Powered By BBMT, Inc ® Registered Trademark. All Rights Reserved.