Business Details

Burger, Fast Food Restaurant

Location : Anaheim

Type of Business : Burger, Fast Food Restaurant

Asking Price: $260,000
Inventory: $10,000

Gross Sales: $660,000

Summary of Business

Busy Corner location up in front of a Supermarket Shopping Center. Amazing Exposure to the Street Traffic. Great full kitchen. Loads of parking. Very close distance to a large High School. Extra potential to cater to the school as the prior owner did for decades and this owner ignores. This location borders a middle and upper-income residential neighborhood and a very large block (miles) of Industrial buildings and Offices. The current owner is retiring and does not promote the business. This one needs new blood and enthusiasm to increase the sales and net profit. The building, fixtures, and equipment are all in good condition.

Down Payment of $150,000. The seller will carry a note for the balance of $110,000. Terms to be negotiated.

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Other Details

Reason for Sale: Retirement

Income

Gross Yearly Sales: $660,000
Adjusted Yearly Net Profit: $96,000

Rent

Total Rent: $4,250
NNN: $1,300
Length of Lease: 15 years
Options: 0
Sq. Ft: 2,200
Occupancy: In: 52, Out: 20

Employees

Number of Employees: 5
Full time: 3
Part time: 2
Hours of Operation: 6:30 am - 8:30 pm Payroll: $12,000

Expenses

Insurance: $3,720 per year
Gas: $850
Electric: $1,100
Water: $NNN
Trash: $NNN

Additional Details

Year Established: 1992


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