Details - Information last confirmed on March 18, 2021
This West Hills / Canoga Park area Poke restaurant is a profitable absentee owned and operated business. The venue’s concept is ultra-simple as it does not require additional branding, is not associated with any particular ethnic food category and does not require a hood.
This 1,200 square foot location leases for $8,394 per month including common area maintenance (CAM) expense on a 10 year lease with coverage until July 2026 and one 5 year option. All of the business’s furniture, fixtures, equipment, name, branding, menus, etc. will be included and will transfer in the sale. An estimated $3,000 in inventory will be sold at cost at close in addition to purchase price.
While competition already exists in the area, this location and its project is tried and true. The venue has operated for nearly a decade and continues to have a loyal recurring customer base.
The concept is currently 100% absentee-operated, but could tremendously benefit from a full-time working owner-operator. This would not only minimize wage expenses, but it would also help to ensure top quality customer service and the highest average ticket sale.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.