Price: $100,000
Location: Los Angeles, CA
Industry: Restaurant and Food
Listing ID: VMorePie2
Listing Status: Available
Price: $100,000
Location: Los Angeles, CA
Industry: Restaurant and Food
Listing ID: VMorePie2
Listing Status: Available
Inventory: Included in asking price
Real Estate: Leased
Building SF: 1,208
Lease Expiration: N/A
Employees: 3
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
EBITDA:$79,437
Rent:$4,507
Established:2011
General Information
This Moorpark quick service restaurant is located in a popular high traffic shopping center. The venue has all of the specialty equipment necessary for its main quick service food item, as well as all of its additional customer embraced menu offerings. The partially open kitchen allows customers to view much of the food preparation and cooking process. Customers also appreciate the venues innovative audio visual systems, and enjoy supplementing their meals with its popular beer and wine offerings.
Facilities:
The 1,208 square foot restaurant leases for approx. $4,500 plus $1,093 in common area maintenance (CAM) expenses per month, on a lease that expires in August 2020, with two 5 year options. All of the business's furniture, fixtures, equipment and Type 41 Beer & Wine License will be included in the sale.
Competition:
Competition exists in the area however this venue has developed a loyal client base for its food items that have helped the business to remain stable and profitable.
Growth & Expansion:
New operators may wish to aggressively market and promote the venue, potentially consider the addition of more food items, expand the delivery and catering services, or perhaps completely modify the concept to introduce a new concept to this location that has proven to be a successful one.
Financing: Not offered but a small secure carry may be considered.
Support & Training: Seller will train for 2 weeks at 20 hours per week.
Reason for Selling: Personal
Total Sales: $292,497
Cash Flow: $79,437
FFE: $75,000
Inventory: $2,000