Hamburger Diner, a LA Landmark For Sale

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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

 


Download Setup Sheet



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.




Tony Miller
M&A Advisor
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 143
Direct:
Lic#: 02004232

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