Business Details

Fast Food Drive-thru Restaurant

Location : Los Angeles

Type of Business : Fast Food Drive-thru

Asking Price: $900,000
Inventory: $15,000

Gross Sales: $1,776,000

Summary of Business

Freestanding Drive-thru restaurant. Completely remodeled inside over the last 2 years. Good looking inside and outside. All building component are newer and have been recently replaced. No deferred maintenance. All Help Run Business currently run by a part time manager earning $6,000 per month. Manager will not be stay on, but the business is fully staffed. New owner only needs to oversee the employees. Owner does NOT physically work the business. Sales are solid and growing. Needs an engaged owner/operator to drive sales higher.

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Other Details

Reason for Sale: Health problems of partner.

Income

Gross Yearly Sales: $1,776,000
Adjusted Yearly Net Profit: $300,000

Rent

Total Rent: $10,000
NNN: $1,600
Length of Lease: Lease expires: 10/31/31 Options Avail: 5 + 5 +5 yrs.
Options: 0
Sq. Ft: 3,074
Occupancy: 80

Employees

Number of Employees: 20
Full time: 5
Part time: 15
Hours of Operation: Mon - Sat 7am - 10pm, Sunday 8am -10pm Payroll: $40,000

Expenses

Insurance: $21,600 per year
Gas: $1,400
Electric: $3,000
Water: $150
Phone: $200
Trash: $660
Internet and TV: $included in phone

Additional Details

Year Established: 1998


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