Background
| BizEx ID: | BizEx1391-TM |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Restaurant Restaurants |
| Years in Business: | 54 |
| Under Present Owner: | 43 |
| Hours of Operation: | SUN - THURS 10am-11pm | FRI-SAT 10am-12am |
| Owner Hours: | 40 |
| Training: | 4 weeks @ 40 hours |
| Organization Type: | Sole proprietor |
| Lease Expiration: | 12/2023 |
| Lease Options: | (3) 5 year Options |
| Building Size: | 1440 |
| Employees: | 8 |
| Reason for Sale: | Retirement so he and his wife can travel. |
Financials
| Asking Price: | $550,000 |
|---|---|
| Down Payment: | $50,000 |
| Gross Sales: | $765,644 |
| Discretionary Cash Flow: | $158,696 |
| FF&E: | $40,000 |
| Inventory Included? | Yes |
| Inventory: | $3,000 |
| Min. Operating Capital: | $22,000 |
| Real Estate Available? | No |
| Rent: | $6,408 |
| Payroll: | $9,280 |
| Financing: | SBA |
| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Gross Sales | $ 652,835 | $ 648,039 | $ 765,644 |
| Gross Profit | $ 485,000 | $ 499,753 | $ 601,696 |
| Disc. Earnings | $ 84,522 | $ 78,756 | $ 158,696 |
Pictures
Description
VALUE PROPOSITION
Cleanest restaurant in LA with a friendly staff, empowered to make decisions.
Voted best hamburger in Socal by KABC Talk Radio
Favorite of LAFD, LAPD, CHP
GROWTH and EXPANSION OPPORTUNITIES
Expand existing menu into breakfast, kids menu and popular side dishes
Add digital marketing strategy (SEO, Web, Social)
Catering
IDEAL NEW OWNER
The ideal new buyer would require the following knowledge and skills:
- High Energy, Personable and Committed Owner
- People Person
- Restaurant Management Skills
- Inventory Management
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.
