Hamburger Diner, a LA Landmark For Sale
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This listing is: Expired
Background
| BizEx ID: | BizEx1391-TM |
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| General Location: | Los Angeles, CA |
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| Category: |
Restaurant
Restaurants
|
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| Years in Business: | 54 |
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| Under Present Owner: | 43 |
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| Hours of Operation: | SUN - THURS 10am-11pm | FRI-SAT 10am-12am |
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| Owner Hours: | 40 |
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| Training: | 4 weeks @ 40 hours |
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| Organization Type: | Sole proprietor |
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| Lease Expiration: | 12/2023 |
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| Lease Options: | (3) 5 year Options |
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| Building Size: | 1440 |
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| Employees: | 8 |
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| Reason for Sale: | Retirement so he and his wife can travel. |
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Financials
| Asking Price: | $550,000 |
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| Down Payment: | $50,000 |
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| Gross Sales: | $765,644 |
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| Discretionary Cash Flow: | $158,696 |
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| FF&E: | $40,000 |
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| Inventory Included? | Yes |
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| Inventory: | $3,000 |
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| Min. Operating Capital: | $22,000 |
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| Real Estate Available? | No |
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| Rent: | $6,408 |
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| Payroll: | $9,280 |
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| Financing: | SBA |
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|
2019 | 2020 | 2021 |
| Gross Sales |
$ 652,835 | $ 648,039 | $ 765,644 |
| Gross Profit |
$ 485,000 | $ 499,753 | $ 601,696 |
| Disc. Earnings |
$ 84,522 | $ 78,756 | $ 158,696 |
