Business for Sale

High Volume Concept Restaurant

BizEx1201-KF

Background

General Location:Glendale, CA
Category: Restaurant
Restaurants
Years in Business:7
Under Present Owner:7
Hours of Operation:M-Sun 11:30am-10:30pm
Owner Hours:Run absentee
Training:None
Organization Type:C-Corp
Lease Expiration:April 17, 2018
Lease Options:
Building Size:10,508
Employees:40
Reason for Sale:Exiting restaurant industry

Financials

Asking Price:$3,300,000
Down Payment:Negotiable
Gross Sales:$6,000,000
Discretionary Cash Flow:$Call
FF&E:$250,000
Inventory Included?No
Inventory:$100,000
Min. Operating Capital:
Real Estate Available?No
Rent:$34,000
Payroll:$90,000

Description

Business for sale is a high volume niche concept restaurant.  The business is located in a very desirable retail area and has a loyal client base.  This successful business model could be used as a basis for a franchising situation or model for additional units in similar locations.  Currently the business is being run in essentially an absentee format, but a serious buyer should have a solid background in restaurant and food service.  Only serious and qualified buyer prospects will be considered.  Please contact Kendric Foultz for details at 310-968-2369.


Download Setup Sheet



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.

Return to Listings





Kendric Foultz
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 102
Direct: (310) 968-2369
Lic#: 01376005