Family Steakhouse with Beer and Wine - Financing Available

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This listing is: Off Market

Background

BizEx ID:BizEx369-MS
General Location:San Gabriel Valley, CA
Category: Restaurant

Years in Business:25
Under Present Owner:4
Hours of Operation:Mon-Sun; 11 am - 9 pm
Owner Hours:Absentee
Training:None
Organization Type:
Lease Expiration:2024
Lease Options:
Building Size:6100
Employees:15
Reason for Sale:Other Business Interests

Financials

Asking Price:$170,000
Down Payment:$170,000
Gross Sales:$760,000
Discretionary Cash Flow:$80,000
FF&E:$150,000
Inventory Included?
Inventory:$7,500
Min. Operating Capital:
Real Estate Available?No
Rent:$50,002,500
Payroll:$18,500
Financing:Call

2010
Gross Sales $ 760,000
Gross Profit $
Disc. Earnings $ 80,000

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations