Asking Price: $ 1,950,000
Type of Business: Fast Food Drive-thru
Location: LA County / OC County Boarder
Hours of Operation: 7am – 10 pm Monday – Thursday. 7am – 11pm Friday & Saturday. Closed Sundays
Gross Sales: $ 222,000 per month on 2017 tax returns
Adjusted Net Profit: $ 54,900 per month on 2017 tax returns
Total Rent: $ 15,000
NNN: $ 1,050 for property tax
Length of Lease: 10 years
Options: 5 + 5 years
Sq. Ft. 1,900
Number of Employees:
Full time: 12 Part-time: 8
Payroll: $ 42,000 per month
Insurance: $ 3,200 mo. including Workers Comp
Gas: $ 3,700 mo. all utilities
Electric: $ inc in gas above
Water: $ inc in gas above
Phone: $ inc in gas above
Trash: $ inc in gas above
Internet and TV: inc in gas above
Cost of goods: N/A
Above Gross and Net are off of the 2017 Tax Returns!!
Hard, Signalized corner location. Hugh pylon sign. Well established with this same owner for the last 36 years. Fully staffed with a manager in place. Owner comes in to do paperwork and oversee the operation 3 days per week for about 5 hours a day. Solid business for many years and a real Money Maker $$$$. Businesses like this do not come around often.
Seller decided to close on Sundays this July 2018 in order to give all employees Sunday off.
This business is SBA qualified. Buyer should come in with a minimum of 30% cash down payment.
Very confidential Sale. Do not talk to employees of customers.
Call for more details.