Santa Monica Burger Joint - Profitable & Growing
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This listing is: Off Market
Background
| BizEx ID: | BizEx518-SM |
|---|---|
| General Location: | Santa Monica, CA |
| Category: |
Restaurant Restaurants |
| Years in Business: | 5 months |
| Under Present Owner: | 5 months |
| Hours of Operation: | 11-8 pm- Closed Mondays |
| Owner Hours: | 60+/- |
| Training: | 2 weeks @ 20 hours |
| Organization Type: | |
| Lease Expiration: | |
| Lease Options: | |
| Building Size: | 1,000 |
| Employees: | 7 |
| Reason for Sale: | Cash flow - took two years to get permits |
Financials
| Asking Price: | $135,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $265,320 |
| Discretionary Cash Flow: | $34,661 |
| FF&E: | $40,000 |
| Inventory Included? | |
| Inventory: | $3,000 |
| Min. Operating Capital: | |
| Real Estate Available? | No |
| Rent: | $3,000 |
| Payroll: | $5 |
| Financing: | Call |
| 2012 Projected** | Jan-Jun 2012* | June 2012 - Sales | |
|---|---|---|---|
| Gross Sales | $ 223,156 | $ 111,578 | $ 23,922 |
| Gross Profit | $ 146,952 | $ 73,476 | $ |
| Disc. Earnings | $ 57,612 | $ 21,306 | $ |
