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#4267
Pasadena - Covina - San Gabriel Valley
Los Angeles - Hollywood - DTLA

Seller Must Sell! Price Cut Way Below Real Value!

$85,000
Sold
Seller Must Sell!  Price Cut Way Below Real Value!
This Listing is Sold

MAKE OFFER!  AT THIS PRICE YOU'RE STEALING IT!

THE BUSINESS: This wonderful BBQ restaurant has operated for more than 5 years with sales increasing each year since it launched. The food is so good that Zagat even rated this restaurant and most Yelper's rate this restaurant a consistent 5 stars because of the friendly service and more important because of the amazing BBQ food such as ribs, brisket, chicken, salmon and sides that your stomach will crave such as corn bread, candy yams, okra, potato salad and much more. 

The owner is willing to train and show you how the recipes are made, in detail, including the famous BBQ sauce used at the restaurant. 

The owner has has developed new interests and wants to find the right person to take over this successful BBQ business. 

THE BUSINESS IS GROWING: The right person will be friendly and loving to the customers because this business has grown at 20% per year to now reaching nearly $280,000 in 2014 with owner cash flow of about $62,000., and they're doing this on 5 days a week!

GROWING THE BUSINESS EVEN MORE: The owners have elected not to do catering or deliveries and the opportunity to significantly increase sales in this area are great!  To help you with catering, the BBQ is portable, which can cook up to 40 racks of ribs up to 30 whole chickens and several briskets, when cooked as separate meats. You can also grow the business by opening 7 days a week! Expand their catering as well. 

GET AN SBA LOAN: This business can be finance with an SBA loan as the owners keep immaculate tax books for your review as well as the SBA lender's review. 

THE RESTAURANT FACILITY: There are 1,100 Sq. Ft. and inside seating for 20 customers and upto 40 people for parties.  Most orders are to go though. The kitchen staff is well trainged as well. SThere is also a ecurity Surveillance system so you can watch the restaurant when you're on the beach relaxing.The rent is a low $2,205 a month!

So with 20% down and the right experience and good credit you can buy this business and keep it growing. 

Please go to SellingRestaurants.com to get the name and location of this business.

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Pasadena - Covina - San Gabriel Valley
Los Angeles - Hollywood - DTLA
Lease Term:
New Lease
Total Monthly Rent:
$2,205

Financials

Last Year's Annual Gross:
$280,000
Last Year's Owner's Cash Flow:
$62,000

Operations

# of Part-Time Employees:
3
# of Working Owners:
2
Hours Open:
5 Days - Wed-Sunday.
Wed-Thurs 11:30 - 8pm
Fri-Sat 11:30 - 9pm
Sun. 11:30 - 5pm
Year Established:
2009
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
# of Parking Spots:
Rear Parking & Street
Inside Sq. Ft.:
1100

Highlights

  • Busy Street
  • Prime Upscale City in L.A.
  • Loyal Following
  • Low Rent w/New Lease
  • Full Kitchen
  • Professional Smoker
  • Dining Seating for 20
  • Growing at 20% per year
  • Owner will Train
  • Recipes are included

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 37,074 179,235 288,649
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 12,922 68,697 108,714
2010 Persons Per Household 2.80 2.54 2.57
Median House Value $584,700 $550,285 $652,724
Income Per Household $67,068 $70,387 $83,658
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 602 5,770 9,429
2012 Number Of Employees 7,898 144,884 226,136
2012 Total Annual Payroll $106,950,000 $3,871,099,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.

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