Extremely High Traffic Woodland Hills
Absentee owned for over 25 years
Woodland Hills, CA
Please ONLY respond if you are prepared to sign a confidentiality agreement and are able to prove sufficient funds to purchase this asset. This restaurant is located in an extremely busy 100% occupied shopping center in Woodland Hill, CA between two very busy signalized intersections. Prominent monument signage on very busy Blvd. It has been absentee owned for over 25 years. Its been providing high quality quick service healthy food to the Warner Center/Woodland Hills area since opening in 1985 and has a Los Angeles Health Department “A” rating. The business has developed a reputation for consistent service and superior food quality, with 100% of the menu items made in-house. The menu offers breakfast, lunch, and dinner. The business is open seven days a week. The menu features a variety of healthy items.
Over three hundred fifty thousand dollars (approximately) spent on tenant improvements, equipment, décor, etc. Well trained long term employees in place. Purchase price includes a long list of equipment including a 16+/- foot hood, stove, prep stations, walk-in cooler, freezer, steam tables, sandwich prep table, grills, several small appliances, display cooler, plus all small ware, tables, chairs, booths, lots of décor items and approximately $7000+/- of current inventory. New POS ($30,000). 400 Amp 3 Phase 4 wire panel. Walk-in is 7, x 6’, 3 floor sinks and floor drain, floor mounted mop sink, High capacity quick recovery water heater, Owners private office with private bath, Two Five Ton HVAC units, Two swamp coolers. All furniture and equipment has been well maintained and is in excellent operating condition. A detailed list will be provided.
This is a turn-key operation where someone can take over the existing location with everything in place and plug their own concept/franchise or for an additional amount, purchase the existing name and trademarks. Average annual revenues have ranged between $350,000 and $600,000+/- per year. The facility (approx.1,300 – 1,500sf) has a dining area (Seats 40 customers), large patio (Seats up to 24) and a huge parking lot. A favorable long term (approx. 9 years remaining) lease is in place and details will be provided. Rent is $7,000 +/- per month. Payroll is approximately $9,500 +/- per month.
Please note this business is being priced as a Sale of Assets in Place with limited books and records. All furniture, fixtures, equipment, improvements are included at this incredible price (not the name). If Buyer wishes to purchase the existing name and concept, there will be an additional amount added to the purchase price. Buyer will have an opportunity to look at any and all books and records available but please note this business is being priced strictly as a sale of Assets in Place. Seller will provide training at no cost to buyer.
This is a rare opportunity to own a highly improved, quick service restaurant space in a prime shopping center that is 100% occupied with a VERY high barrier of entry into the center and the market place. The right new owner/operator could likely increase sales significantly and reduce overhead. This is NOT a fire sale. Seller no longer has time for this business. Only serious buyers should apply. Please note no additional information will be provided unless a confidentiality agreement has been signed and buyer has provided proof of funds. Please hit the reply button on this website and submit your information to request the forms.