High Volume Concept Restaurant

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Background

BizEx ID:BizEx1201-KF
General Location:Glendale, CA
Category: Restaurant
Restaurants
Years in Business:7
Under Present Owner:7
Hours of Operation:M-Sun 11:30am-10:30pm
Owner Hours:Run absentee
Training:None
Organization Type:C-Corp
Lease Expiration:April 17, 2018
Lease Options:
Building Size:10,508
Employees:40
Reason for Sale:Exiting restaurant industry

Financials

Asking Price:$3,300,000
Down Payment:Negotiable
Gross Sales:$6,000,000
Discretionary Cash Flow:$Call
FF&E:$250,000
Inventory Included?No
Inventory:$100,000
Min. Operating Capital:
Real Estate Available?No
Rent:$34,000
Payroll:$90,000




Kendric Foultz
Business Broker / M&A Advisor
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 102
Direct: (310) 968-2369
Lic#: 01376005

OFF MARKET

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