$325,000
$500,000
35.0%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with EDWARD WENG • TFS PROPERTIES, INC.
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