Business for Sale

Santa Monica Burger Joint - Sales Are Up!

BizEx518-SM

Background

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 $

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Shelli Margolin
Business Broker
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 128
Direct:
Lic#: 00902695