Spacious Mediterranean Restaurant with Low Rent
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Background
| BizEx ID: | BizEx444-DM |
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| General Location: | Encino, CA |
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| Category: |
Restaurant
Other Eating & Drinking Places
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| Years in Business: | 9 |
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| Under Present Owner: | 9 |
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| Hours of Operation: | Sun-Thurs 11 am-9 pm |
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| Owner Hours: | part-time |
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| Training: | 2 weeks @ 20 hours |
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| Organization Type: | |
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| Lease Expiration: | Nov.2017 |
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| Lease Options: | 1 @ 5 Years |
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| Building Size: | 2758 |
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| Employees: | 6 |
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| Reason for Sale: | Retirement |
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Financials
| Asking Price: | $199,000 |
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| Down Payment: | Negotiable |
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| Gross Sales: | $372,000 |
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| Discretionary Cash Flow: | $40,000 |
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| FF&E: | |
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| Inventory Included? | |
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| Inventory: | |
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| Min. Operating Capital: | |
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| Real Estate Available? | No |
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| Rent: | $4,200 |
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| Payroll: | $6 |
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| Financing: | Call |
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|
2010 | 2009 |
| Gross Sales |
$ 372,473 | $ 478,950 |
| Gross Profit |
$ 237,092 | $ 285,310 |
| Disc. Earnings |
$ 31,998 | $ 91,447 |
Dan Munter
Business Broker / M&A Advisor
4640 Admiralty Way, Suite 500
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 121
Direct: (310) 722-1138
Lic#: 01871136
Mina Singson-Brightman
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (808) 797-3067 ext 125
Direct: (310) 734-6769
Lic#: 01866495
OFF MARKET
