2nd Gen. Restaurant Asset Sale Prime Culver City Location

Asking Price: $175,000

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2nd Gen. Restaurant Asset Sale Prime Culver City Location


Asking Price: $175,000

Asset Sale Description
Centrally located in Culver City on a prime artery in a buzzing neighborhood, near city park, schools, restaurants, shopping. This 1,650SF turnkey 2nd generation restaurant with patio in front was renovated into a gorgeous space in 2023.

Kitchen fully equipped with two (2) ten feet hoods each, a grease trap with a 50 gallons capacity, double gas pizza oven, and more; see below.

This sale includes all the Fixture & Equipment (FFE), the leasehold improvements , the lease and options about
seven (7) years remaining total, a great rent rate below market for the area, and much more.

Currently an Italian Eatery - Develop the concept or bring your own.

2 bathrooms. There is the possibility to bring/apply for an ABC license (type 41 or type 47).
High ceilings with wood beams exposed
Turnkey

RENT - $6,005 rent all in per month ($4,774 base rent + approx. $1,231 nnn/mo )
LEASE - There is a lease through October 2026 in place + two (2) three-year options,
3% yearly raise or CPI if above 3%
Landlord may accept to start a new lease for a qualified tenant.
Detailed Information
Years in Operation
2
Facilities & Assets
Turnkey 1,650 SF space: 2 bathrooms , High ceilings with wood beams, 120 ft frontage
Very large kitchen with TWO (2) HOODS 10 FEET EACH
a grease interceptor with a 50 gallons capacity
storage area + a private office
FFE includes: Moretti double-deck gas oven for pizza or bakery + 4 burners + 1 fryer + refrigerated prep table + pastry cart, one (1) 3 doors refrigerator + one (1) double doors freezer + shelves + tables + chairs + plates + cutlery, umbrella(s), and more.
About the Sale
Transition Support
if needed, up to 2 weeks - 12 hours per week
Listing Info
ID
2367628
Listing Views
1182

Contact Seller

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Business Listed by: Brigitte Handler Keller William Realty Studio City

Listing ID: 2367628 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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