Fast Food with Drive-Thru

Asking Price: $ 250,000.00 Plus inventory
Type of Business: Fast Food with Drive-Thru
Location: Los Angeles County
Hours of Operation: 6:30 AM till 10 PM, Sunday 6:30 AM till 9 PM
Gross Sales: $ 65,000.00 Only from drive-thru! Please reed comments.
Adjusted Net Profit: $ 8,000.00 +
Total Rent: $ 7,000.00
NNN: $ 800.00
Length of Lease: 5 year New Lease with 3% annual increases
Options: 5+5 year options to extend lease
Sq. Ft. 1900
Occupancy: 60 inside, 20 in outside patio
Number of Employees:
Full time: 3        Part-time: 5
Payroll: $ 18,000.00
Insurance: $ 900.00 Incl. Work Cam.
Gas: $ 750
Electric: $ 800
Water: $ 200
Phone: $ 130
Trash: $ 366
Internet and TV: incl.
Cost of goods: N/A
Business description.

Free stand Building with Drive-Thru on a Signalized corner. Ample parking and signage, long-established fast food restaurant with easy access, ample parking, full kitchen, cozy dining room, and an outside patio for dining. The business was grossing approximately $85,000. per month before COVID-19. During the closure due to the pandemic, it has been grossing $65,000.00 per month only with the drive-thru being open. Currently, the Seller is in the process of reopening the dining room. Great opportunity for an owner-operator to make money from the first day and increase the business by giving the restaurant some TLC. Seller wants to retire and he has not made any upgrades in a long time! The landlord will give a new NNN lease to a qualified Buyer for Five years plus two consecutive five-year options to extend the lease. Starting rent to be $7,000.00 plus $765. for property taxes per month. Call the agent anytime for additional information and walk through appointment.