Last Revised: 10/9/19. Posting #: 256736
Key Words: cafe, meditteranean, ethnic, los angeles, azusa, asset, convert
Financial Info: Asset Sale. Price: $35,000. Down: $35,000. Lease: $1,500/month with a renewal option with the same rent. 30 months left on the first 5-years lease. Tenant pays electricity and water. FF&E is worth approximately $20,000.
Profile: This is an asset sale only. Outstanding, spacious and turnkey restaurant available immediately. Located on the busy commercial corridor of Azusa on Foothill Blvd with approximately 27,000 car traffic count per day. The restaurant was operated as an all Mediterranean Grill. The size is approximately 20'x47' total 940 sq. ft.
Lease: $1,500/month with a renewal option with the same rent
30 months left on the first 5-years lease,
Tenant pays electricity and water.
Air conditioning installed less than a year ago.
FF&E is worth approximately $20,000
A great start-up restaurant for an owner-user.
All permits are current.
- Located on Foothill Blvd
- Space is in turnkey condition
- Lots of parking
- Great signage opportunity
- Available immediately
- Excellent street visibility
- Air conditioning
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
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Profile: Sugaer is a strategic business advisory firm that helps business owners start and grow great businesses, and exit at maximum value. Our firm works with organizations across the business lifecycle, positioning them to prosper over the long term. Expertise in growth/value building, M&A, due diligence.
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Key Words: selling your business, sellers, business owner seller, sell a business, confidentiality, training, jordan green
Profile: Sometimes, restaurants for sale offer the opportunity to be converted to a new concept. It’s often the difficult decision of the buyer to continue operating the business in its current state, or take a chance and change it to a more viable concept. Spencer Siegel, BBN Facilitator, covers this topic.
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