Call Broker For Details! Los Angeles, CA 91324
- Retail properties
- 3,200 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Call Broker For Details!
- Property size
- 3,200 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.551
- Latitude
- 34.2414
