Business Details

Cafe / Diner / Family Restaurant

Location : Los Angeles

Type of Business : Cafe / Diner / Family Restaurant

Asking Price: $775,000
Inventory: $10,000

Gross Sales: $1,500,000

Summary of Business

Nice Family Restaurant / Diner serving breakfast, lunch, and dinner. Located in a large Office Complex parking lot with all the Ventura County Court Buildings, Federal, State, and Local Government Buildings in the same parking lot which surrounds this restaurant which supplies a steady flow of customers to this vibrant location. There is seating for 95 inside and a great, fenced-in, outdoor patio seating an additional 45 people. The seller purchased just prior to Covid and has survived the pandemic. Sales dropped but, now are almost back to pre-Covid levels. This is an exceptional location. All serious Buyers must see this one. The sky is the limit for sales and income at this location.

The seller is ready to retire and move on. Submit all reasonable offers.

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Other Details

Reason for Sale: The seller is ready to retire and move on

Income

Gross Yearly Sales: $1,500,000
Adjusted Yearly Net Profit: $324,000

Rent

Total Rent: $6,656
NNN: $2,222
Options: 0
Sq. Ft: 4,089
Occupancy: 95 Inside and 45 outside patio

Employees

Number of Employees: 15
Full time: 11
Part time: 4
Hours of Operation: Mon - Sat 7am - 7 pm, Sunday 7am - 2 pm Payroll: $30,000

Expenses

Insurance: $4,800 per year
Gas: $Inc. in electric
Electric: $3,170
Water: $Inc. in electric
Phone: $125

Additional Details


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