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#829
Los Angeles Restaurants For Sale

Popular Franchise - Full Service Restaurant

$290,000
Popular Franchise - Full Service Restaurant
This Listing is Expired

This Franchise Full-Service Restaurant is located on a busy street in the city of Long Beach. This well known franchise was established over 20 years ago and has been in this location for 13 years. There is 1350 sq. ft. inside with seating for 37 and seating for an additional 36 on the outside patio. There is a private parking lot attached to the center for easy access to parking. Rent & CAM charges are $4,714 per month and the are 2 yrs and 10 months left on the lease and a 5 year option. The Seller reports the monthly sales to be $48,000, and an adjusted net income of $120,685 in 2006, which can be verified through Tax Returns. FF&Es include Hood, Walk-in Refrigerator, Walk-in Freezer, 6-Gas Burner Grill, 2-Basket Fryer, Ice Maker, Multi-Purpose Slicer and Pie Oven. The Seller is relocating out of the area. Experienced operators only. Select any of the bright orange buttons below to get more information about this listing including the name and address from the broker.

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
2 yrs and 10 months + 5 year option
Total Monthly Rent:
$4,714
Security Deposit:
$5,438

Financials

Last Year's Annual Gross:
$554,628
Last Year's Owner's Cash Flow:
$120,685
Last Year's Food Cost %:
41.6
Last Year's Rent %:
10.8

Operations

# of Full-Time Employees:
9
# of Part-Time Employees:
2
Hours Open:
M-Th-11:00am-10:00pm
F-Sun-9:00am-11:00pm
Year Established:
1994
Hood System Type 1:
Yes

Facilities

Indoor Seating:
37
Outdoor Seating:
36
Inside Sq. Ft.:
1,350
Outside Sq. Ft.:
150

Highlights

  • Franchise Full-Service Restaurant is located in Long Beach.
  • This is a well known franchise has been in this location for 13 years.
  • There is 1350 sq. ft. inside with seating for 37 and seating for 36 on the patio.
  • Rent & CAM charges are $4,714 per month and the are 2 yrs and 10 months left on the lease with a 5 year option.
  • The Seller reports the monthly sales to be $48000.
  • Adjusted net income of $120,685 in 2006
  • FF&Es include Hood, Walk-in Refrigerator, Walk-in Freezer,
  • 6-Gas Burner Grill, 2-Basket Fryer, Ice Maker,
  • Multi-Purpose Slicer and Pie Oven.
  • The Seller is relocating out of the area.
  • Experienced operators only.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 43,286 106,510 409,561
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 19,853 36,280 139,012
2010 Persons Per Household 1.93 2.64 2.78
Median House Value $274,300 $284,200 $400,122
Income Per Household $43,404 $37,937 $48,453
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,164 1,965 7,289
2012 Number Of Employees 72,118 95,690 264,970
2012 Total Annual Payroll $2,278,922,000 $2,821,488,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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. DRE License # 01339409.

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