Business Details

2 Freestanding Drive-thru Restaurants

Location : Los Angeles

Type of Business : 2 Fast Food Drive-thru
In-Escrow

Asking Price: $1,500,000
Inventory: $35,000

Gross Sales: $3,531,000

Summary of Business

This listing is for 2 Freestanding Drive-thru fast food locations. They have the same name, menu and ownership and are within a few miles of each other. They are both fully help run with long-time employees running the businesses. The benefit of buying both locations is the transfer of employees between locations if one is on vacation, sick or? Plus name recognition, and buying power. Buyer must buy both locations. The Owner spends very little physical time in either location. The father has passed away and the adult son owns other businesses. 1 location has been in the family for 40 + years. Newer plumbing, electrical, and interior remodels. Both are in tip-top condition. Location #1: approx 1,000 sf building. Drive-thru. New 10-year + 5 + 5 yr options. Base rent $8,500 mo. Property tax is only $350 mo. NNN lease. 24 seats outside Location #2: approx 2,175 sf building. Drive-thru. $7,400 mo rent. 7 years left on the lease. Option available. Modified Gross lease, landlord pays property tax. 50 seats inside

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Other Details

Reason for Sale: Seller has other businesses

Income

Gross Yearly Sales: $3,531,000
Adjusted Yearly Net Profit: $High call broker

Rent

Total Rent: $Location #1: $8500 mo. NNN lease. Location #2: $7400 mo. modified gross lease.
Length of Lease: #1: 10 yrs plus 5 + 5 yrs. options. #2: 7 years, option available
Options: 0
Sq. Ft: #1: 1000 sf, #2: 2175 sf
Occupancy: #1: 24 patio #2: 50 inside

Employees

Number of Employees: 19
Full time: 13
Part time: 9
Hours of Operation: 7 am - 11 pm Payroll: $49,000 mo each location

Expenses

Insurance: $2400 liability each location per year
Gas: $2400 liability each location
Electric: $above includes gas electric water trash
Internet and TV: $310 each location inc phone

Additional Details

Year Established: 1983


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