Business Details

Mexican Restaurant w/47 license & entertainment permit

Location : Los Angeles

Type of Business : Restaurant

Asking Price: $150,000
Inventory: $40,000

Gross Sales: $1,680,000

Summary of Business

High Volume Mexican restaurant. Beautiful Mexican Villa Style Build-out. Very traditional with vibrant colors throughout. Business has a 47 license and entertainment permit; both are under-utilized and not taken anywhere near their maximum potential. A lot of obvious room for improvement. Perfect for an experienced restaurateur. Located in a very populated area. Event center nearby that constantly brings in customers. Also located just 3 miles away from Dodger stadium. Easy access from any of the 3 nearby freeways that run through Downtown Los Angeles. This restaurant is known for having parties or big groups of customers at a time. Ideal for the business, as it is also located in a densely populated Hispanic neighborhood. aIt is one of the few restaurants in the area that can accommodate a party of 15 or more. Big kitchen, perfect for high volume orders; 2 hoods with 2 open room layouts for prepping or large catering orders. Extra rooms for storage. Back entrance for deliveries. Parking is limited but they do offer valet service over the weekend. Restaurant has a small parking lot directly behind.

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Other Details

Reason for Sale: Expenses have gotten out of control

Income

Gross Yearly Sales: $1,680,000
Adjusted Yearly Net Profit: $call

Rent

Total Rent: $12,332
NNN: $included in rent
Options: 0
Sq. Ft: 3,300
Occupancy: 126

Employees

Number of Employees: 30
Full time: 23
Part time: 7
Hours of Operation: 11 am to 10 pm everyday, open 10 am Saturday and Sunday Payroll: $12,332

Expenses

Insurance: $5,000 per year
Gas: $1,500
Electric: $2,000
Water: $900
Phone: $2,000
Trash: $550
Internet and TV: $included in phone

Additional Details

Year Established: 1985


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