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

Quick Service Restaurant

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $200000
Net Profit / Cash Flow  $40000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2005
Number of Employees  1 - 3
Inventory  3500
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

Description  
This Eagle Rock / Highland Park area quick service restaurant occupies one of the city's busiest and most visible locations, and is primed for growth via an experienced quick service operator who does not require a hood! This business is run as a quintessential 'mom and pop' location that boasts that friendly touch, but it can be taken in any number of directions without losing its core loyal customer base. Asking Price $85,000 This 1,575 square foot restaurant leases for 3,600 per month on a lease expiring 1/2015 and one 5 year option. All of the furniture, fixtures and equipment will be included in the sale except for a few items on a revenue split or consignment. Approximately $500 in inventory will also be included in the sale. The venue has 2 designated parking spaces in an adjunct lot that boasts total 30 spaces. It does not have a hood. Eagle Rock / Highland Park is a competitive market for food venue of all varieties. That said this venue's unmatched location, coupled with parking, provides it a competitive edge that is hard to replicate due to the limited number of such locations. New owners may seek to expand the product offering, promote delivery service or promote additional take-out service, or install additional cooking equipment that does not require a hood. With such equipment, the menu could be expanded to include French fries, crepes, soups (e.g. ramen, pho, etc.), salads, specialty sausages, etc. Also the firm could benefit from an aggressive social media campaign (e.g. Facebook, Twitter, etc.) to maintain top of mind awareness, which they do not heavily promote or remain highly active on. The restaurant also promotes cash-only sales, which may impact overall revenues.


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