This listing is: Off Market
Background
| BizEx ID: | BizEx602-MS |
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| General Location: | Los Angeles, CA |
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| Category: |
Other Eating & Drinking Places
|
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| Years in Business: | 10 |
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| Under Present Owner: | 2 |
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| Hours of Operation: | Mon-Sun 11 am-9 pm |
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| Owner Hours: | Absentee |
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| Training: | 2 weeks @ 20 hours |
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| Organization Type: | |
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| Lease Expiration: | 2016 |
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| Lease Options: | 1 @ 5 Years |
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| Building Size: | 1400 |
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| Employees: | 6 |
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| Reason for Sale: | Owner Moving Out of State |
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Financials
| Asking Price: | $389,000 |
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| Down Payment: | $389,000 |
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| Gross Sales: | $423,000 |
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| Discretionary Cash Flow: | $113,000 |
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| FF&E: | |
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| Inventory Included? | |
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| Inventory: | $5,000 |
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| Min. Operating Capital: | |
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| Real Estate Available? | No |
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| Rent: | $8,425 |
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| Payroll: | $5,212 |
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| Financing: | None |
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|
2011 | 2012 |
| Gross Sales |
$ 393,000 | $ 423,000 |
| Gross Profit |
$ 288,600 | $ 317,975 |
| Disc. Earnings |
$ 82,000 | $ 113,000 |
