Business Details

Fast Food Restaurant

Location : Los Angeles

Type of Business : Fast Food Restaurant

Asking Price: $550,000
Inventory: $10,000

Gross Sales: $1,296,000

Summary of Business

Free-standing, high-grossing Burger restaurant on a very busy signalized corner. Full kitchen is very easy to operate. Dining area inside and outside. Long established fast food Burger restaurant serving breakfast, lunch, and dinner. A very popular and favored place for many years with the local residents and nearby workers. Located in a vibrant commercial and residential area. Great visibility, easy access, and large free-standing monument sign. The owner spends very little time here; about 10 hours per week just to do the ordering and paperwork. Over 50% of the gross business is telephone orders that customers pick up themselves.

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Other Details

Reason for Sale: Other interests

Income

Gross Yearly Sales: $1,296,000
Adjusted Yearly Net Profit: $216,000

Rent

Total Rent: $594,671
NNN: $115,171
Length of Lease: Lease expires: 4 years; Options Avail: 5 Years Landlord will give 5 more
Options: 0
Sq. Ft: 1,600
Occupancy: 65

Employees

Number of Employees: 12
Full time: 4
Part time: 8
Hours of Operation: 6 AM till 10 PM Payroll: $29,000. Incl. Payroll Tax

Expenses

Insurance: $1361. Incl. Work. Camp. per year
Gas: $1,350
Electric: $950
Water: $150
Phone: $220
Trash: $Incl. with cam.
Internet and TV: $incl. with phone
Cost of Goods: $37

Additional Details


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