For Sale
$1,299,950

0 Call Broker For Details!Los Angeles, CA 91324

Established 5-star Greek restaurant, high revenue.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional opportunity presents a thriving, established Class A Greek restaurant in Northridge, CA, available for sale at $1,299,950. Located at a prime address in the 91324 zip code, this 3,200 square foot, single-unit restaurant boasts a stellar reputation, evidenced by its 5-star Yelp and Google ratings. The business enjoys consistent high revenue, with estimated 2024 gross revenue exceeding $1,500,000 and confirmed net earnings of approximately $600,000 annually. This success is built upon a loyal customer base, including numerous repeat customers and established commercial accounts with local schools, businesses, and emergency services. The restaurant has been family-owned and operated for over 30 years, building a strong foundation of trust and quality. The current owner is retiring but is willing to assist the new owner in a smooth transition. The lease is a gross lease, with a credit-rated tenant, commencing January 1, 2025, and expiring December 31, 2035. This is a unique owner-user investment opportunity, representing a rare chance to acquire a highly profitable and well-regarded business. This is a confidential private sale; further details are available upon request.

Highlights

  • $1,299,950 asking price for this established restaurant business.
  • 3,200 square foot, Class A restaurant in Northridge, CA.
  • Gross lease, credit-rated tenant, lease term from 01/01/2025 to 12/31/2035.
  • Estimated 2024 gross revenue exceeding $1,500,000, with approximately $600,000 net earnings.
  • 30+ year family-owned, 5-star Yelp and Google rated restaurant with a loyal customer base.

Property Details for 0 Call Broker For Details!

Property type
Retail properties, Restaurants
Square Feet
3,200 SF
Class
A
Units
1

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.2413938
Longitude
-118.5506158
Call Broker For Details!, Los Angeles, California

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