Spacious Mediterranean Restaurant with Low Rent

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Background

BizEx ID:BizEx444-DM
General Location:Encino, CA
Category: Restaurant
Other Eating & Drinking Places
Years in Business:9
Under Present Owner:9
Hours of Operation:Sun-Thurs 11 am-9 pm
Owner Hours:part-time
Training:2 weeks @ 20 hours
Organization Type:
Lease Expiration:Nov.2017
Lease Options:1 @ 5 Years
Building Size:2758
Employees:6
Reason for Sale:Retirement

Financials

Asking Price:$199,000
Down Payment:Negotiable
Gross Sales:$372,000
Discretionary Cash Flow:$40,000
FF&E:
Inventory Included?
Inventory:
Min. Operating Capital:
Real Estate Available?No
Rent:$4,200
Payroll:$6
Financing:Call

2010 2009
Gross Sales $ 372,473 $ 478,950
Gross Profit $ 237,092 $ 285,310
Disc. Earnings $ 31,998 $ 91,447




Dan Munter
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 121
Direct: (310) 722-1138
Lic#: 01871136




Mina Singson-Brightman
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (808) 797-3067 ext 125
Direct: (310) 734-6769
Lic#: 01866495

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