High Volume Concept Restaurant

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BizEx ID:BizEx1201-KF
General Location:Glendale, CA
Category: Restaurant
Years in Business:7
Under Present Owner:7
Hours of Operation:M-Sun 11:30am-10:30pm
Owner Hours:Run absentee
Organization Type:C-Corp
Lease Expiration:April 17, 2018
Lease Options:
Building Size:10,508
Reason for Sale:Exiting restaurant industry


Asking Price:$3,300,000
Down Payment:Negotiable
Gross Sales:$6,000,000
Discretionary Cash Flow:$Call
Inventory Included?No
Min. Operating Capital:
Real Estate Available?No


Business for sale is a high volume niche concept restaurant.  The business is located in a very desirable retail area and has a loyal client base.  This successful business model could be used as a basis for a franchising situation or model for additional units in similar locations.  Currently the business is being run in essentially an absentee format, but a serious buyer should have a solid background in restaurant and food service.  Only serious and qualified buyer prospects will be considered.  Please contact Kendric Foultz for details at 310-968-2369.

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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.

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

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