PHIL’S DINER — NOHO ARTS DISTRICT — AVAILABLE FOR SUBLEASE LOCATION, LOCATION, LOCATION – 5230 LANKERSHIM BLVD • NORTH HOLLYWOOD NOHO ARTS DISTRICT • ½ MILE FROM THE METRO STATION • DIRECTLY IN FRONT OF THE ACADEMY OF TELEVISION ARTS & SCIENCES • DIRECTLY BESIDE THE NEWLY BUILT AND RECENTLY OPENED MOVIE THEATER -LAEMMLE THEATER NOHO 7 • HIGHEST CONCENTRATION OF LIVE THEATERS IN THE U.S. • SURROUNDED BY OFFICE BUILDINGS, DANCE STUDIOS, RECORDING STUDIOS AND FITNESS CENTERS 3000 SQ FT PROPERTY — LEASE $1/ SQ FT ($3000 MONTHLY) • 1926 HISTORIC DINER BEAUTIFULLY RESTORED — SEATS 26 INSIDE • COVERED PATIO SEATS 50 • NEW STRUCTURE BUILT TO SUPPORT THE OPERATION OF THE DINER INCLUDES KITCHEN, TAKE OUT WINDOW, DISHROOM, STORAGE AREA WITH WALK-IN REFRIGERATION UNIT, FOOD PREP AND DISH STORAGE AREA AND 2 ADA BATHROOMS — ALL NEW ABC LICENSE (41) — BEER & WINE – $25K ASKING PRICE • FOUR TAP UNIT — 2 BEERS AND 2 WINES (COULD BE CONVERTED TO ALL BEER) • CO2 UNIT LOCATED BEHIND THE BUILDING — SERVICES BY “NU CO2″ • NITROGEN TANKS LOCATED IN THE DRY STORAGE ARE WITH A MIXER UNIT FF&E – $30K ASKING PRICE • FURNITURE, FIXTURES & EQUIPMENT ARE OWNED BY USC CREDIT UNION • PURCHASED ALL NEW – VALUE = $100K + • INCLUDES BUILT IN UNITS, REFRIGERATION, HOTLINE, PREP, DISH, PATIO FURNITURE, ETC. MICROS POS SYSTEM — LEASE $550 MONTHLY • THREE WORKSTATION WITH RECEIPT PRINTERS — TWO HAVE CASH DRAWERS • MANAGER’S STATION AT THE DESK • TWO KITCHEN PRINTERS • ADD MY MICROS FOR REMOTE ACCESS FOR AN ADDITIONAL $50 MONTHLY REVENUE • $50K GENERATED IN THE FIRST MONTH — APRIL 2010 • $24 GENERATED BY THE LAST MONTH — DUE TO SURROUNDING CONSTRUCTION OF THE MOVIE THEATER • $60 PROJECTED MINIMUM — NOW THAT THE MOVIE THEATER IS OPEN TERMS SCENARIO 1 • PURCHASE OF THE BUSINESS INCLUDING BEER & WINE LICENSE = $100K • PURCHASE OF FF&E — USC CREDIT UNION WOULD NEGOTIATE THE PRICE • YOU ASSUME THE MONTLY LEASE PAYMENTS – PROPERTY AND POS SYSTEM = $3600 SCENARIO 2 • $50K DOWN • $10K MONTHLY • WE RETAIN % OF PROFITS — NEGOTIABLE • YOU ASSUME NO DEBT PLEASE DO NOT CONTACT US IF YOU HAVE NOTHING TO PUT DOWN 5230 lankershim ( google map ) ( yahoo map ) Location: noho district north hollywood it’s NOT ok to contact this poster with services or other commercial interests
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Historic turnkey restaurant (noho district north hollywood)
