Location, LOCATION, LOCATION!!
is one of the main elements to having a successful restaurant and this restaurant certainly has the location. It lies on a very popular street in Glendale, CA. where there is not only plenty of drive-by traffic, but also plenty of foot traffic as well. There are many corporate businesses to draw your customers from, as well as the many people who pass by daily.
The owner has just updated his menu for a more self sustaining model. Not only does the menu look cleaner, but its easier to read and navigate through. Prior to the update customers would get one main course with 2 sides for a very low price. This had high food cost and hurt the profit. Now a customer can order one main item with 1 side, or just get the main item alone.
Positives reasons to buy the restaurant:
1) The restaurant is run by the employees, as the owner is an absentee owner. If you come in and work it you will be able to pay yourself and cut employee hours. (This alone can make it profitable every month) and by owner being there customer service is better and productivity can be managed.
2) As of Oct 1 the sales are already +$65,000 higher then the entire 2014 year, and there is still an entire quarter to go. 2014 was about $307,000 in Gross sales. January - September sales are about $372,000.
3) So far this year the salaries/wages are at 36%, This is too high and adds about $22,500 that an experienced owner could get from the business by coming in and controlling the schedule. Plus if you are working in the restaurant you will bring this down a lot faster, spotting the times where you can relieve some workers.
4) 2014's food cost were about 44%, while this years food cost has dropped to about 32%, and can possibly drop even more with an owner that is onsite to watch over preparation and portioning.
5) Current monthly sales average at 41K, and are growing from last years average of 25.6K. This is only the second full year in business, and it is on the right track. Owner has just contracted with a local delivery service to have better coverage of local area and has bee able to cut his delivery person who found it hard to get all the lunch orders delivered in a timely manner.
So if Location, growing sales, and a nice fresh and unique menu are important to you then this place is for you. A good working operator/owner will be able to make a profit off this place right away.
Please visit SellingRestaurants.com to get the name and address of this listing.
Population | 1-mi. | 3-mi. | 5-mi |
---|---|---|---|
2014 Total Population | 15,297 | 255,461 | 478,909 |
Households | 1-mi. | 3-mi. | 5-mi |
2010 Number Of Households | 5,222 | 98,808 | 182,476 |
2010 Persons Per Household | 2.59 | 2.47 | 2.51 |
Median House Value | $360,575 | $611,746 | $595,711 |
Income Per Household | $44,702 | $54,457 | $55,959 |
Businesses | 1-mi. | 3-mi. | 5-mi |
2009 Number Of Businesses | 1,408 | 7,559 | 13,428 |
2012 Number Of Employees | 47,922 | 205,790 | 343,964 |
2012 Total Annual Payroll | $1,391,605,000 | $4,294,967,295 | $4,294,967,295 |
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