Stand Alone Quick Service Restaurant With Parking
Location California,United States
Asking Price Range < $250K
Gross Revenues $216000
Net Profit / Cash Flow $34500
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1963
Number of Employees 4 - 5
Inventory 16000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 1 week at 25 hours.
Reason for Sale Other business ventures.
Description This stand alone quick service restaurant for sale with parking has been a local Downey favorite (and the surrounding community) for over 45 years. This quaint restaurant offers a blend of quality burgers and Mexican food, making it a popular stop for breakfast, lunch and dinner. This simple absentee-run operation employs 1 manager and 3 nearly full time employees, and would significantly benefit from a full time working owner. This versatile facility offers patrons plenty of parking as well an outdoor service window and patio. Asking Price $99,000.
The 1,000 square foot facility leases for $2,800 per month (including CAM). The landlord will most likely offer a new lease at the same rate with options, as well as the potential to acquire the building at some point in the future. The sale includes all the business assets including the restaurant's name, buildout, equipment, furniture, fixtures, customer base, goodwill and approximately $1,000 in inventory.
Competition is considered medium as other restaurants exist in the area, however this facility's ideal location, parking lot and long standing reputation provide owners a strong competitive advantage.
The business has much room to grow. As the current owner is not actively involved in the business, a new owner may implement a number of changes to improve the service offering. A new owner may continue with the existing concept or implement an entirely new concept. A new owner will likely seek to increase advertising, promote delivery and offer specials to the large neighboring corporations.
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