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 |
Description
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.
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.
