Highly Acclaimed Los Angeles Restaurant Bar
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Background
| BizEx ID: | BizEx852-MS |
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| General Location: | Los Angeles, CA |
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| Category: |
Bars/Taverns
Restaurants
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| Years in Business: | 3 |
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| Under Present Owner: | 3 |
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| Hours of Operation: | Mon-Sun |
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| Owner Hours: | call |
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| Training: | None |
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| Organization Type: | |
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| Lease Expiration: | 2024 |
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| Lease Options: | |
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| Building Size: | 1600 |
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| Employees: | 19 |
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| Reason for Sale: | Family reasons |
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Financials
| Asking Price: | $599,000 |
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| Down Payment: | $180,000 |
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| Gross Sales: | $900,000 |
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| Discretionary Cash Flow: | $180,000 |
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| FF&E: | |
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| Inventory Included? | |
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| Inventory: | |
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| Min. Operating Capital: | |
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| Real Estate Available? | No |
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| Rent: | $3,000 |
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| Payroll: | $20 |
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| Financing: | None |
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|
2013 | 2014 |
| Gross Sales |
$ 719,000 | $ 875,000 |
| Gross Profit |
$ 478,500 | $ 585,400 |
| Disc. Earnings |
$ 161,000 | $ 180,000 |
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
OFF MARKET
