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Fast Casual Chicken Restaurant - Asset Fire Sale For Sale

Los Angeles County, California - South, US
Asking Price:
$69,000 Furniture / Fixtures included
Sales Revenue:
$450,000
Cash Flow:
Under $50K

This asset sale is a fast-casual chicken restaurant that requires minimal employees and payroll to operate. This location is in a highly desirable, busy center in the affluent city of Walnut. The center is anchored by several large grocery, bank, and fuel brands and has quick access to the 57, 10, and 60 freeways. The unit is in the center of the strip and offers easy in-and-out access with ample parking.

The space offers interior dining, floor-to-ceiling glass windows for increased exposure, 2 restrooms, a mop closet, and an exhibition-style hot line with a large type 1 hood to offer a diverse menu. There are ample gas hookups, floor sinks, and fire suppression Ansul systems to protect your investment. The restaurant also offers a point-of-sale system that features fully automated ordering, 3 digital menu boards, a walk-in refrigerator, a prep sink, a plethora of cookware, and a large space with several stainless steel work tables in the back for all of your preparation needs. The equipment is well maintained, and there are wire racks throughout the kitchen to accommodate the health department's requirements for dry storage.

The current owner bought this great location a year ago, and did absolutely nothing with it. He does not focus on the business, and the space is neglected, with unwelcoming decor. Plus, the fried food concept is out of touch with both the local market and broader industry trends. This is an asset sale, as the business is currently closed. This location has fantastic potential: bring a better concept to the space and save huge money and time on city permitting, buildout, and lengthy health department approvals. Invest your capital instead on advertising, marketing (leverage social media and the Internet), and delivery service platforms to maximize revenue! Partner with the local business community in and around the densely populated area, and apply for a 41 beer and wine license to increase profit margins. The space needs an owner operator that is dedicated to running the business in this high traffic area!

The restaurant sits in an ideal location for a meal prep company, catering company, or your winning fast casual concept! If you are looking to minimize buildout cost and maximize sales in a high traffic location then contact the Agent today!

Property Information

Real Estate:

Lease

Lease Terms:

Exp: 3/31/2033, 2x5yr options, CAM (Included in annual base rent, $1071mo), 3% annual increases

Leasehold Rent:

$67,360 per annum

Location:

Turnkey space: A great space just begging for a driven, qualified owner operator!

Ideally situated: Easy access to several major freeways, in an affluent area. The center is well-maintained, with ample parking, and is anchored by national chains.

Premises Details:

Large hood, and above-ground grease bin.

Dual restrooms - apply for a beer and wine license, with city and landlord approval!

Size in square feet:
1,400

Business Operation

Reasons for selling:

New Venture

Employees:
0
Years established:
2023

Other Information

Support & training:

Owner Will Train

Furniture / Fixtures value:
$10,000 - included in the asking price
Business closed / Asset sale:
Yes