Restaurant. Prime LA Area. Busy Street.$1.8m Rev

Home / Listing / Restaurant. Prime LA Area. Busy Street.$1.8m Rev

Background

BizEx ID:BizEx1418-DH
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




Dan Higgins
Marketing Consultant License #02114580
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 166
Direct: (714) 719-1809
Lic#: 02114580




Eric Mellem
Business Broker/ M&A Advisor
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 1220802

OFF MARKET

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