Sierra Madre, CA 91024,120 W Sierra Madre BLVD
Sierra Madre, CA 91024,120 W Sierra Madre BLVD
Sierra Madre, CA 91024,120 W Sierra Madre BLVD
Sierra Madre, CA 91024,120 W Sierra Madre BLVD
Sierra Madre, CA 91024,120 W Sierra Madre BLVD
Sierra Madre, CA 91024,120 W Sierra Madre BLVD
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$325,000

$500,000

35.0%
Est.Price: ?

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Est. payment /mo

10,018 Sqft Lot


SOLD DATE : 08/02/2021

Key Details

Sold Price $325,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS20262220

Sold Date 08/02/21

HOA Y/N No

Year Built 1947

Lot Size 10,018 Sqft

Property Description

Sierra Fusion, an asian-fusion restaurant located in the prime downtown Sierra Madre area. Great foot traffic, turnkey restaurant with catering and food truck business. Outdoor seating, plenty of parking. Lease ends in 9/2022 with one 5-year option. Business is profitable during pandemic shutdown period. Owner is moving out of state.
Sale includes:
- Liquor license: 47 (beer wine liquor for restaurant, patio, parking lot) and 58 (for catering)
- Restaurant business: Business hours: Mon-Sat: 3pm – 9 pm; Happy hours: 3-5 pm; Breakfast, lunch, or Sunday dining for parties only.
- Catering business: 2 existing contracts
- Food Truck: go to big events, LA wine festival, national brewers, etc.
Staff: 14 employees. 7 full time and 7 part time. Every employee is cross trained.
Training: Owner will stay up to 2 weeks for training (included in the sale).
Financials available upon request.

Location

State CA

County Los Angeles

Area 656 - Sierra Madre

Interior

Fireplace No

Others

Tax ID 5767024014

Financing Cash to New Loan

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California Regional MLS (CRMLS)
Listed by JENNIE CHING • KW Executive
Bought with EDWARD WENG • TFS PROPERTIES, INC.
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