The Biz Blog
May 28, 2012 by Shelli Margolin
New BizEx Business For Sale: Santa Monica Burger Joint
Shelli Margolin just launched a new listing: https://www.bizex.net/listing/518
Santa Monica Burger Joint Asking: $225,950 * Gross: $210,374 * Net: $8,249
Gourmet burger restaurant near Santa Monica College. Great location with parking! Keep the current surf burger theme or change the menu and decor to your dream restaurant. The permits are in place and the location is highly visible.
Completely built out with new hood, range and all the amenities. Permitting a restaurant in Santa Monica is extremely difficult. Save time and an a lot of money by buying an already permitted and operating restaurant in a great location.
This beach themed restaurant took two years to get city permits and nearly bankrupt the seller before it opened. The permitting process didn't leave the seller with enough working capital to properly launch the restaurant and do the needed advertising to drive higher sales. It has been open for 5 months and needs an energized entrepreneur to kick start this restaurant.
The restaurant has everything it needs to be successful with a new owner. The menu was devised by a top chef formally of Spago and Ma Maison. The them is "shabby surf chic." The reviews have been very positive, thus far.
The sales only reflect 5 months open. The restaurant has not experienced the peak summer season. Nor has there been much advertising.
Interested parties please register at www.bizex.net or contact Shelli Margolin at 310 882-2200 ext 128. https://www.bizex.net/business-broker/shelli-margolin
Shelli Margolin Email: smargolin@bizex.net Office: (310) 882-2200 ext 128 Blog: https://www.bizex.net/blog Web: https://www.bizex.net/business-broker/shelli-margolin
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