Grill - High Traffic Food Court
Location California,United States
Asking Price Range < $250K
Gross Revenues $144000
Net Profit / Cash Flow $28000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2007
Number of Employees 4 - 5
Inventory 60000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours per week.
Reason for Sale Personal.
Description This brand new restaurant is now priced less than $50,000. This is indeed a blowout, first come first serve, no negotiation gift - reduced just from $87,500 to ensure a timely sale for the restaurant that has $150,000 invested in a concept that is simply before its time! Ideally located in a Baldwin Park / Irwindale / Covina Area Food Court style drive-up strip mall complex. The restaurant and its equipment are in nearly new condition, and is versatile enough to house just about any type of food concept, as long as it does not directly complete with the neighboring businesses that serve Hamburgers, Sushi, Chinese, Hot Dogs, Sandwiches, Teriyaki, Mexican or Coffee. The sale includes all of the requisite equipment to succeed for non-specialty food preparation, as well as furniture, fixtures, decor (including plasma style television), and a manager's office. Specific assets include a grill, griddle, fountain soda counter, soda fridge, salad prep table, convection oven, freezer and fridge and seating for up to 40 persons.
The restaurant is housed in a 1,396 square foot facility which includes a sizeable manager's office. The space leases for $2,932 per month, plus approximately $900 in triple net (NNN) and/or common area maintenance (CAM) charges. The favorable lease is valid until mid 2012 with 2 five year options.
This restaurant benefits from the high concentration of adjacent restaurants, as this popular complex has become a known local destination for morning, lunch and evening dinners. As such, the traffic base is built-in and will continue to organically grow as the center becomes more established.
Due to this location's proximity to multiple freeways, this location and its kitchen size also make it a viable base for a catering operation. New owners should launch an aggressive marketing campaign to nearby businesses and implement delivery services.
Asking $49,500.
Click Here To Contact Seller
For more opportunities like this go to:
|
|
NEWSLETTER
|
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|
