Prime LA Restaurant - $1.8M Revenue, Busy Location
Home / Listing / Prime LA Restaurant - $1.8M Revenue, Busy Location
This listing is: Off Market
Background
| BizEx ID: | BizEx1418-EM |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Restaurants Entertainment |
| Years in Business: | 3 |
| Under Present Owner: | 3 |
| Hours of Operation: | 11:30am -11:00pm |
| Owner Hours: | 5:00pm - 11:00pm |
| Training: | 4 weeks @ 20 hours |
| Organization Type: | LLC |
| Lease Expiration: | 1/2025 |
| Lease Options: | 5 year |
| Building Size: | 2000 |
| Employees: | 23 |
| Reason for Sale: | New Business Venture |
Financials
| Asking Price: | $459,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $1,800,000 |
| Discretionary Cash Flow: | $170,000 |
| FF&E: | $175,000 |
| Inventory Included? | Yes |
| Inventory: | $15,000 |
| Min. Operating Capital: | $80,000 |
| Real Estate Available? | No |
| Rent: | $16,850 |
| Payroll: | $40,000 |
| Financing: | Call |
