Business for Sale

Fabulous Middle Eastern Restaurant

BizEx984-AK

Background

General Location:Encino, CA
Category: Restaurant
Other Eating & Drinking Places
Years in Business:10
Under Present Owner:10
Hours of Operation:11am-11pm 7 days
Owner Hours:11am-11pm 7 days
Training:4 weeks @ 20 hours
Organization Type:C Corp
Lease Expiration:3/14/2016
Lease Options:two 5 yr
Building Size:3061
Employees:17
Reason for Sale:retirement & health

Financials

Asking Price:$495,000
Down Payment:Negotiable
Gross Sales:$1,707,368
Discretionary Cash Flow:$180,000
FF&E:$110,000
Inventory Included?
Inventory:$25,000
Min. Operating Capital:$100,000
Real Estate Available?No
Rent:$17,788
Payroll:$58
Financing:Call

Description

This fabulous Middle Eastern restaurant has 10 years of success in the San Fernando Valley.

Numerous tasty salads, 20 different meats and homemade kebabs along with vegetarian, vegan and gluten free dishes offer an unbeatable variety of choices for diners of all ages.

Best tasting hummus is served with homemade bread that patrons love.

Excellent foot and vehicle traffic on a major SFV business street.

Fully equipped, turnkey operation.

Many unique accoutrements to this distinguished restaurant.

Large patio for outdoor dining.

Excellent customer reviews.

Interested parties please register as a potential buyer at www.bizex.net then contact Arthur Kesslet at 310 882-2200 x126.


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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.

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Arthur B. Kessler
Business Broker
4551 Glencoe Ave., Suite 210
Marina Del Rel, CA 90292
Office: (310) 882-2200 ext 126
Direct: (310) 650-7900
Lic#: 01227004