Asking Price: $ 650,000
Type of Business: Fast Food Restaurant
Location: Los Angeles County
Hours of Operation: 7 am – 9 pm
Gross Sales: $ 763,000 yr. on 2018 tax returns
Adjusted Net Profit: $ 270,000 yr. on 2018 tax returns
Total Rent: $ 2,500
Length of Lease: 7 yrs.
Options: 5 yrs.
Sq. Ft. 700
Occupancy: 16 seats in and 16 seats patio
Number of Employees:
Full time: 5 Part-time:
Payroll: $ 15,000
Insurance: $ 1,000 mo. inc. W/C
Gas: $ 1,325 for all utilities inc
Electric: $ gas, elec, water, trash and telephone
Internet and TV:
Cost of goods: N/A
Long Established store. Same owner for 23 years. Small space with low rent and low overhead, equals BIG PROFITS. Very steady business year in and year out. No seasonal times. Steady month in and month out. Number quoted above are from the 2018 tax returns. 2019 year to date shows just over $196,000 net profit for the first 8 months of the year. The location is in a very densely populated are with heavy traffic counts on 2 main streets. This is an “Old School” Money Maker. Mostly Help Run Business. This business will qualify for SBA financing. Try 25% down payment. Call broker for more details.
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