Famous Hollywood Fastfood Restaurant w/Beer & Wine
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Background
| BizEx ID: | BizEx503-MS |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Restaurant Restaurants |
| Years in Business: | 35 |
| Under Present Owner: | 24 |
| Hours of Operation: | M-Sunday 9 am - 11 pm |
| Owner Hours: | 5-6 hours/day |
| Training: | 2 weeks @ 20 hours |
| Organization Type: | |
| Lease Expiration: | 2014 |
| Lease Options: | 1 @ 4 years |
| Building Size: | 2700 |
| Employees: | 12 |
| Reason for Sale: | Retirement |
Financials
| Asking Price: | $358,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $750,000 |
| Discretionary Cash Flow: | $180,000 |
| FF&E: | |
| Inventory Included? | |
| Inventory: | $3,000 |
| Min. Operating Capital: | |
| Real Estate Available? | No |
| Rent: | $5,800 |
| Financing: | Call |
| 2011 | |
|---|---|
| Gross Sales | $ 750,000 |
| Gross Profit | $ 575,000 |
| Disc. Earnings | $ 180,000 |
