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

Downtown Restaurant Business For Sale

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $414000
Net Profit / Cash Flow  $99996
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2004
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased

Description  
Santa Monica Downtown Restaurant Near Santa Monica Pier And Third Street Promenade RRC#: IN ESCROW -2092 Asking Price: $195,000 Location: Ocean Ave, Santa Monica, Santa Monica, California Yearly Revenue: $414,000 Yearly Cash Flow: $99,996 Monthly Rent: $11,100 LISTING DESCRIPTION: Established, Well known popular meat and poultry grill restaurant for sale in Santa Monica. The Restaurant is located in downtown Santa Monica near the Santa Monica Pier, adjacent to Third Street Promenade. There are dense populations of high rise offices in the area as well as hotels and residential close by. The restaurant has a great concept but can be changed. The business does have a great reputation for great food, fast service, low prices and friendly staff. This is a great opportunity for a restaurateur or an entrepreneur looking to purchase a great operating business. The seller is willing to train the purchaser and would entertain all reasonable offers. This is a true turn-key operation with CASH FLOW! GENERAL INFORMATION: Organization: Corporation | Year Established: 2008 | Current Owner: 2008 | Employees: 4 | Seating: 30 interior 15 patio | Square Footage: 1100 | Parking: city lots | Licenses Required: Food Handlers | Days Open/Hours: 7 days 11am- 11:30pm Mon-Thurs: Fri, Sat. till 2:30am | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $414,000 | Yearly Cash Flow: $99,996 | LEASE INFORMATION: Monthly Rent: $11,100 | Lease Expiration: 2016 | Lease Option: two (2) Three (3) year op | Security Deposit: 16,000 | FINANCING INFORMATION:


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