Restaurant
Location California,United States
Asking Price Range < $250K
Gross Revenues $240000
Net Profit / Cash Flow $60000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2000
Number of Employees 4 - 5
Inventory $45,000.
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours per week following close of escrow.
Reason for Sale Family emergency.
Description $5,000 in net income per month. This 850 sq. ft. restaurant is located in a busy strip mall in the heart of the San Fernando Valley's business district and has a steady stream of customers throughout the day. In business since 2000 and very popular among the locals, it boasts a very diverse menu of over 60 authentic Mexican and Seafood dishes. Long term lease in place with good terms. No advertising currently being done. Sales could be significantly increased with proper marketing. With $240,000 in gross annual income, $60,000 in net annual income, $40,000 worth of fixtures and equipment and $5,000 worth of inventory, all are included in one price of $82,000. Owner will carry note between 10-20% of purchase price.
Email or contact Tony Kogak Wise Business Advisors, at (818) 933-5222 ext 106 for more information on this Restaurant for sale.
Click Here To Contact Seller
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