Turn-Key Restaurant w/Full Build Out in Valencia
Asking Price: | $95,000 |
Established Year: | 2015 |
Rent: | $10,400/Month |
2nd Gen Space w/Large Patio in Great Shopping Center!
Located in a well anchored shopping center of North Valencia, this fully built out space is outfitted with all of the necessary kitchen equipment and infrastructure to run a successful restaurant. It is a completely turn- key operation from top to bottom and is being offered at substantially below the replacement cost of building out a space from scratch. The current owner invested a great deal of effort and financial resources into building out the space to a high standard.
The 2nd Generation space is currently operating as a fast casual Mexican food concept, so a new owner can step in seamlessly to take over and expand on what is already established, or just as easily repurpose the space to accommodate any other food use. The location is outfitted with a 10 ft hood and a 7x7 walk-in freezer, so it comes fully equipped with a complete kitchen setup that is ready to be utilized from day 1. All of the leasehold improvements and hard assets of the business are included in the asking price.
The 2,400 sq ft space features a clean, modern, and well arranged layout that was thoughtfully designed to support efficient food preparation and streamline operations. It is a highly desirable end cap space with no neighboring tenant on one side of the space. There is also an expansive outdoor patio which is covered and tarped. The owner has taken pride of ownership in keeping the premises neat and well organized to create a welcoming environment for current and potential customers. The original build out cost at time of opening was in the neighborhood of $500,000.
The business is ideally situated in a well anchored shopping center and occupies an end cap space that offers it excellent exposure. There is ample customer parking and the center has great co-tenancy as it is also occupied by several notable name brand tenants such as LA Fitness, Smart & Final, Coffee Bean, and a host of others. It is in close proximity to an abundance of residential neighborhoods which provide the business with access to strong surrounding demographics. Also adjacent to the shopping center is an excess of office and industrial parks, which further bolsters its appeal.
The current owner operates the business on an absentee basis due to being occupied with other business interests, so there is considerable upside potential for someone who's more of an active operator. Additionally, an owner operator would eliminate expense redundancies and some of the payroll burden, allowing those cost savings to fall to the bottom line.
All of the necessary systems and operational infrastructure are already in place, so the opportunity is well suited for a buyer to seamlessly step into an existing business, or plug in their own concept to a turn-key space without having to deal with the rigors or excessive costs of building out a location from scratch.
*Listing Photo is not of the actual business.*