120 S Atlantic Boulevard, Monterey Park, CA 91754

$199,000

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List Price
$199,000
Status
ACTIVE
Days on Market
3
MLS#
CV26181621
Subtype
Business Opportunity
MLS Area Major
Monterey Park (641)

Property Description

Excellent turnkey restaurant business opportunity in the heart of Monterey Park! Located along the highly desirable Atlantic Blvd commercial corridor near Garvey Ave, this approximately 3,385 SF restaurant is situated within one of the San Gabriel Valley’s most established Asian dining and retail districts, offering excellent visibility, convenient access, and strong surrounding commercial activity. The restaurant features an existing full restaurant build-out with dining area, commercial kitchen, refrigeration and other restaurant-related furniture, fixtures and equipment. Seller-owned FF&E and inventory are intended to be included in the sale, subject to the final Asset/FF&E List and purchase agreement. An existing Type 41 On-Sale Beer & Wine – Eating Place license is associated with the business and may be included in the transaction, subject to California ABC approval and applicable transfer requirements. A major advantage of this opportunity is the flexibility of the lease. Subject to landlord approval, a qualified buyer may potentially assume/assign the existing lease, or negotiate a new lease directly with the landlord. This provides an excellent opportunity for an experienced restaurant operator to continue the existing concept or introduce a new restaurant concept, subject to landlord and applicable governmental approval. Ideal for hot pot, Chinese cuisine, Asian dining, specialty restaurant, or other food-service concepts. Take advantage of an existing restaurant infrastructure and established Monterey Park location without starting a restaurant build-out from scratch. Business opportunity / asset sale only. Real property is not included. Buyer to independently verify all business, lease, licensing, equipment, square footage, and operational information.

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Listing courtesy of Listing Agent: Wei Chang (sweethomeinusa@gmail.com) from Listing Office: AMERIWAY REALTY.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.