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Businesses For Sale   >>   Restaurants and Fast Food (Non-Franchise) Businesses For Sale

Established Seafood Restaurant

Location  California,United States
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $3096000
Net Profit / Cash Flow  $576000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2008
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Owned

Description  
Established Seafood Restaurant Near The Ocean Doing $3.1 Million Sales + Real Estate RRC#: 2038 Asking Price: $4,200,000 Location: A few blocks from beach, Popular South Cal Beach, California Yearly Revenue: $3,096,000 Yearly Cash Flow: $576,000 Monthly Rent: Contact For Info LISTING DESCRIPTION: With gross sales for 2013 in excess of $3.1 Million and over $1.1 Million invested in renovations and additions to the Property, this offering provides a unique opportunity for buyer to obtain both the business as well as the real estate. This business has had year over year sales increases since established since 1999. Excellent records available for prequalified Buyer. Tremendous upside potential in sales due to pending outdoor patio completion and city approval.. Owner may consider selling the business separately subject to buyer qualifications. There is an upstairs that has a 2 bedroom, 1 bath condo unit at 1,533 sq ft with deck and ocean view which is currently used as an office. There are plans available for easy conversion into a 3 bedroom, 2 bath condo. WITH 15% TO 20% DOWN A LENDER COULD LEND 80% to 85% OF THE PURCHASE PRICE. NO BROKER COOP'' GENERAL INFORMATION: Organization: Corporation | Year Established: 1999 | Current Owner: 1999 | Employees: 8 FT, 40 PT | Seating: 68 in dining + 10 at bar + pending patio for 68 | Square Footage: 3,356 + 1,553 residential condo upstairs | Parking: Street | Licenses Required: Business, ABC Type 41 (beer and wine) | FINANCIAL INFORMATION: Yearly Revenues: $3,096,000 | Yearly Cash Flow: $576,000 | LEASE INFORMATION: Monthly Rent: | FINANCING INFORMATION:


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