Koreatown Restaurant for sale Sapor Restaurant

Los Angeles, CA (Los Angeles County)

Koreatown Restaurant for sale Sapor Restaurant
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Lease Rate: N/A /Month

Exp./Sq. Ft.: N/A

Min Space: 2,900

Max Space: 2,900

Year Built: 2017

Koreatown Restaurant for sale Sapor Restaurant

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Property Description

Prime Restaurant Business Opportunity

Don't miss the opportunity to purchase this restaurant business (real estate not included - favorable lease terms available) in prime Koreatown! Sapor Restaurant opened at the end of 2017 but has been closed as of March 1, 2018. The current owners invested over $1.6M in the restaurant buildout and have created a beautiful space ready to be occupied by a new operator. The sale includes all existing inventory (including all existing FF&E, liquor inventory, and kitchen equipment) as well as the full liquor license. The space offers ample parking in the rear of the 3600 Wilshire Blvd office tower with validation available for customers, an extremely valuable offering in the dense Koreatown market.

Detailed Information

Location:
Los Angeles, CA
Type:
Retail
Building Status:
Established
Facilities:
The Business occupies approximately 2,900 square feet of interior space and includes approximately 750 additional square feet of outdoor patio space. Sale includes all existing inventory, comprised of a considerable amount of kitchen equipment, a liquor inventory valued at over $10,000, and all existing furniture, fixtures, and equipment (FF&E). Full inventory lists are available upon request.
Current Property Expenses:
Business is currently closed and has not been operational since approximately March 1, 2018. Landlord has confirmed and provided favorable lease terms are available to the new owner (available upon request).
Location Description:
Located in Koreatown's prime Wilshire Corridor this restaurant offers immense daily traffic counts by both vehicle and pedestrians. Koreatown's nightlife is especially bustling with both professional and young clientele eager for new and exciting dining and drinking options. Koreatown is the most densely populated district in Los Angeles County with over 120,000 residents in 2.7 square miles and numerous ongoing developments seeking to even further increase the area's density.
Current and Prior Use:
Restaurant and Full Bar. Sapor Restaurant was a Spanish-influenced Korean tapas bar and restaurant and received much acclaim during its operational period with 4.5/5 stars on Yelp. Koreatown's immense density, both professional office workforce and residential, provides an immediately accessible built-in clientele for this restaurant's new owner.
Triple Net Lease:
Yes
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Property Listed By:
Stephen Watson

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