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$ 199,000
Est. payment | /mo
$ 199,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26181621
HOA Y/N No
Property Description
Excellent turnkey restaurant business opportunity in the heart of Monterey Park! Located along the highly desirable Atlantic Blvd commercial corridor near Garvey Ave, this approximately 3,385 SF restaurant is situated within one of the San Gabriel Valley's most established Asian dining and retail districts, offering excellent visibility, convenient access, and strong surrounding commercial activity.
The restaurant features an existing full restaurant build-out with dining area, commercial kitchen, refrigeration and other restaurant-related furniture, fixtures and equipment. Seller-owned FF&E and inventory are intended to be included in the sale, subject to the final Asset/FF&E List and purchase agreement.
An existing Type 41 On-Sale Beer & Wine – Eating Place license is associated with the business and may be included in the transaction, subject to California ABC approval and applicable transfer requirements.
A major advantage of this opportunity is the flexibility of the lease. Subject to landlord approval, a qualified buyer may potentially assume/assign the existing lease, or negotiate a new lease directly with the landlord. This provides an excellent opportunity for an experienced restaurant operator to continue the existing concept or introduce a new restaurant concept, subject to landlord and applicable governmental approval.
Ideal for hot pot, Chinese cuisine, Asian dining, specialty restaurant, or other food-service concepts. Take advantage of an existing restaurant infrastructure and established Monterey Park location without starting a restaurant build-out from scratch.
Business opportunity / asset sale only. Real property is not included. Buyer to independently verify all business, lease, licensing, equipment, square footage, and operational information.
The restaurant features an existing full restaurant build-out with dining area, commercial kitchen, refrigeration and other restaurant-related furniture, fixtures and equipment. Seller-owned FF&E and inventory are intended to be included in the sale, subject to the final Asset/FF&E List and purchase agreement.
An existing Type 41 On-Sale Beer & Wine – Eating Place license is associated with the business and may be included in the transaction, subject to California ABC approval and applicable transfer requirements.
A major advantage of this opportunity is the flexibility of the lease. Subject to landlord approval, a qualified buyer may potentially assume/assign the existing lease, or negotiate a new lease directly with the landlord. This provides an excellent opportunity for an experienced restaurant operator to continue the existing concept or introduce a new restaurant concept, subject to landlord and applicable governmental approval.
Ideal for hot pot, Chinese cuisine, Asian dining, specialty restaurant, or other food-service concepts. Take advantage of an existing restaurant infrastructure and established Monterey Park location without starting a restaurant build-out from scratch.
Business opportunity / asset sale only. Real property is not included. Buyer to independently verify all business, lease, licensing, equipment, square footage, and operational information.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Interior
Fireplace No
Listed by Wei Chang AMERIWAY REALTY 626-217-3578, DRE #01932054
NEARBY SCHOOLS & PROPERTIES
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