This Brand New Restaurant Is Now Priced Less Than 50,000. This Is Indeed A Blowout, First Come First Serve, No Negotiation Gift - Reduced Just From 87,500 To Ensure A Timely Sale For The Restaurant That Has 150,000 Invested In A Concept That Is Simply Before Its Time! Ideally Located In A Baldwin Park / Irwindale / Covina Area Food Court Style Drive-Up Strip Mall Complex. The Restaurant And Its Equipment Are In Nearly New Condition, And Is Versatile Enough To House Just About Any Type Of Food Concept, As Long As It Does Not Directly Complete With The Neighboring Businesses That Serve Hamburgers, Sushi, Chinese, Hot Dogs, Sub Sandwiches, Teriyaki, Mexican Or Coffee. The Sale Includes All Of The Requisite Equipment To Succeed For Non-Specialty Food Preparation, As Well As Furniture, Fixtures, Décor (Including A Large Plasma Style Television), And A Manager’s Office. Specific Assets Include A Grill, Griddle, Fountain Soda Counter, Soda Fridge, Salad Prep Table, Convection Oven, Freezer And Fridge (1 And 2 Doors Respectively, But Not Walk-In), And Seating For Up To 40 Persons.
The Grill Is Ideally Located To Cater The Large Industrial Area The Employs Over 150,000 Persons (And Is Still Growing), As Well As The Large Volume Of Drive By Traffic The Location Enjoys. Concepts That A Prospective Buyer May Seek To Consider Include Breakfast Kitchen, Soup And Salad Bar, Korean, Indian, Bbq, Hawaiian, Vietnamese, Philippine, Italian Or Pizza Related, French, Caribbean, Rotisserie Chicken, Middle-Eastern, Seafood, Etc.
The Restaurant And Grill Is Housed In A 1,396 Square Foot Facility Which Includes A Sizeable Manager’s Office. The Space Leases For 2,932 Per Month, Plus Approximately 900 In Triple Net (Nnn) And/Or Common Area Maintenance (Cam) Charges. The Favorable Lease Is Valid Until Mid 2012 With 2 Five Year Options. All Of The Furniture, Fixtures And Equipment Will Be Paid Off And Included In The Sale.
This Restaurant Benefits From The High Concentration Of Adjacent Restaurants, As This Popular Complex Has Become A Known Local Destination For Morning, Lunch And Evening Dinners. As Such, The Traffic Base Is Built-In And Will Continue To Organically Grow As The Center Becomes More Established. As Such, Its Up To The New Owner To Capture The Hearts, Minds, And Mealtime Spending Dollars Of The Pre-Existing Traffic.
The Right Concept Will Be Key To This Business’s Continued Success. As The Property Continues To Become More Established, The Customer Traffic Will Naturally Grow And All Businesses In The Center Will Benefit. Due To This Location’s Proximity To Multiple Freeways, This Location And Its Kitchen Size Also Make It A Viable Base For A Catering Operation. New Owners Should Launch An Aggressive Marketing Campaign To Nearby Businesses And Implement Delivery Services (Perhaps Offer A Coupon For First Time Delivery Services). New Owner May Also Seek To Obtain A Beer And Wine License.
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