LA Iconic Hamburger Diner - Established 54 Years
Home / Listing / LA Iconic Hamburger Diner - Established 54 Years
This listing is: Expired
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 |
