Thousand Oaks Asian Restaurant

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Background

BizEx ID:BizEx115-KF
General Location:Newbury Park, CA
Category: Restaurant
Other Eating & Drinking Places
Years in Business:4.5
Under Present Owner:4.5
Hours of Operation:M-Sat 11-9 Sun 4:30-9
Owner Hours:Full time/ 40hrs
Training:2 weeks @ 20 hours
Organization Type:
Lease Expiration:7/31/14
Lease Options:two at 5 years each
Building Size:1,270
Employees:6
Reason for Sale:partnership dissolution

Financials

Asking Price:$140,000
Down Payment:$140,000
Gross Sales:$336,000
Discretionary Cash Flow:$60,000
FF&E:$120,000
Inventory Included?
Inventory:$2,500
Min. Operating Capital:$15,000
Real Estate Available?No
Rent:$5,528
Payroll:$677
Financing:Call




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

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations