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Prime Beach Ice Cream and Dessert Location

BizEx445-MS

Background

General Location:Manhattan Beach, CA
Category: Restaurant
Restaurants
Years in Business:6
Under Present Owner:6
Hours of Operation:Sun-Thurs 11 am-10 pm; F-Sat 11 am-11 pm
Owner Hours:Part-time
Training:2 weeks @ 20 hours
Organization Type:
Lease Expiration:
Lease Options:1 @ 5 Years
Building Size:1,400
Employees:11
Reason for Sale:Other Business Interest

Financials

Asking Price:$98,000
Down Payment:Negotiable
Gross Sales:$299,000
Discretionary Cash Flow:$42,000
FF&E:
Inventory Included?
Inventory:$3,000
Min. Operating Capital:
Real Estate Available?No
Rent:$7,000
Payroll:$4
Financing:Call

2010 2011
Gross Sales $ 284,000 $ 299,000
Gross Profit $ 185,000 $ 197,000
Disc. Earnings $ 33,000 $ 42,000

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Mina Singson-Brightman
Business Broker
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (808) 797-3067 ext 125
Direct: (310) 734-6769
Lic#: 01866495