26
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$560,000
Est. payment /mo
New
1721 Durfee AVE South El Monte, CA 91733
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UPDATED:
12/30/2024 05:00 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV24255227
HOA Y/N No
Property Description
Great location of South El Monte. The sale of this great concept and innovation of a Mexican Brunch, this restaurant comes with the use of the name, all Fixtures, furniture and equipment. There is a 41 beer and wine license that will be transferred over to the new owners. Inside bar that serves all kinds of mimosa drinks, and all different types of coffee. There is seating for approximately 140 people. With its amazing interior bright colors this restaurant has, it brings a dining experience you can enjoy inside and outside the restaurant. Great patio area. Parking is available. The restaurant comes with the transfer of the lease that will expire December 30th 2027, but has the option to extend the lease for another 2(5) year options. Terms of the lease will vary depending on the market price of set year of the extension acquired. The restaurant average profit will depend on the new owners. As of now, profit on a monthly basis will be provided for review to interested parties after signing a NON DISCLOSURE AGREEMENT, (NO EXCEPTIONS), there is personal information provided. A total of approximately 15-20 employees will stay with the restaurant. Health permits expire until June 30, 2025. Inspection GRADE OF 95 and "A", means it has a very clean and safe environment. Owner does have several locations with different names and concepts, and will not provide a non compete agreement. (Disclosure). There will be a small fee for the use of the License to the name or possible franchise agreement will be provided.
Location
State CA
County Los Angeles
Area 657 - So. El Monte
Interior
Fireplace No
Others
Acceptable Financing Cash
Listing Terms Cash
Listed by JOSE SANCHEZ-ALVAREZ • RE/MAX CHAMPIONS • 310-686-5373