Phone888.995.7575

13213 Gladstone Av, Sylmar, CA 91342

$298,000 Approx. USD 0 beds, 0 baths

Agent Remarks

SALE PRICE $298,000!!! THE CRAWFISH COMPANY IS A CAJUN SEAFOOD RESTAURANT IN SYLMAR WITH 2500 SQFT BUILT IN 2015 AND OPENED IN JULY 2015. EVERYTHING IN THE RESTAURANT IS BRAND NEW. TWO NEW HVAC'S, A NEW WALK IN REFRIGERATOR/FREEZER COMBO (5x12 FEET), A VERY LARGE KITCHEN, AND THE DINING AREA SEATS ABOUT 52 PEOPLE. IT IS ON PACE TO DO ABOUT 500k IN SALES IN 2016 AND NETTING ABOUT 70k BUT IT IS OPEN ONLY 32.5 HOURS PER WEEK. SALES ARE GROWING ABOUT 5% QUARTER BY QUARTER. THIS RESTAURANT HAS A LOT OF POTENTIAL AND IS BEING MIS-MANAGED BECAUSE IT IS NOT THE OWNER'S PRIORITY. THE OWNER HAS NEVER MARKETED AND ALL THE GROWTH IS BASED ON WORD OF MOUTH AND YELP. THE PRODUCTS ARE GREAT (see Yelp). IT ALSO HAS A BEER AND WINE LICENSE. TWO ANCHOR STORES (DD's AND FITNESS 19) ARE OPENING IN THE PLAZA AT THE END OF 2016. INCREASED FOOT TRAFFIC PLUS OPENING MORE HOURS CAN TURN THIS INTO A VERY PROFITABLE BUSINESS. AN INVESTOR WITH SOME RESTAURANT EXPERIENCE CAN EASILY TURN THIS INTO A 1M BUSINESS. THERE IS A GREAT LEASE. THE LEASE WAS SIGNED BEFORE FITNESS 19 AND DD's WERE COMING. THIS IS THE SECOND YEAR OF A FIVE YEAR LEASE. THE RENT INCLUDES NNN AND WATER. THERE IS AN OPTION FOR ANOTHER TEN YEARS AFTER THE FIRST FIVE YEARS

Listing Details

Property type: (Commercial)
Status: Active
MLS# WS16719333
List price is $298,000
Beds: 0
Baths: 0
Built in 2015
County: Los Angeles
MLS area: SYL - Sylmar

Last Updated: 11/15/2016

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This listing belongs to the SYL - Sylmar MLS area

Lat/Long: 34.310906, -118.428559.
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Broker: Courtesy of COLDWELL BANKER/GEORGE RLTY/RH
Listing Agent: CHIAO JUNG

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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