EXPIRED
BizEx206-JR: Mexican fast food Restaurant in Westside Los Angeles

Background:

General Location:Marina Del Rey, CA
Category:Restaurants > Restaurant
Years in Business:1 year
Under Present Owner:1 year
Hours of Operation:7 days a week from 9am-9pm
Owner Hours:absentee
Training: weeks, hours/week
Organization Type:Sole Proprietor
Lease Expiration:N/A
Lease Options:5 year option
Building Size:1,600 sqft
Employees:3 FT; PT

Reason for Sale:
Pursue other interests

Financials

Asking Price:$89,000
Down Payment:Negotiable
Gross Sales:$210,000
Discretionary Cash Flow:$21,000
FF&E:$ 66,650
Inventory Included?No
Inventory:$ 0
Minimum Operating Capital:$ 10,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 4,650/month
Payroll:$ 6,000/month
Financing:Call

Gross Sales
Gross Profit
Disc. Earnings

* YTD as of , ** = Prorated.

Broker Info


Jimmy Ramos
Business Broker
(310) 882-2200 ext 120
LIC# 01861533
Mina Singson
Business Broker
(310) 882-2200 ext 125
LIC# 01866495

Summary

Business for sale is a Mexican dine-in or take-out restaurant located on the westside of Los Angeles in beautiful Marina del Rey. This Mexican restaurant has been at this location for less than two years, however it is one of a chain of restaurants that has been a fixture in Los Angeles for 20 years. They serve Breakfast, lunch and dinner 7 days a week. This restaurant seats about 16 people with plenty of parking outside. It is located in a high traffic boulevard with good frontage. The equipment is less than 2 years old and the build out looks very clean. The owner operates several other restaurants and is selling because he doesn't have enough time for this location. The ideal new owner is someone with restaurant experience that can be more of an owner operator. For more information, please go to www.bizex.net and register as a buyer and then contact Jimmy Ramos at 310-882-2200 ext.120 for more details.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.