High Volume - Big Profits - Casual Upscale Concept - SBA Loan

There are two locations included in the sale price.  We can't reveal too much detail as the sale is highly confidential and each buyer who gets the name and locations must be qualified by the broker. 

BUSINESS SUMMARY

This local brand has built a loyal and growing following by serving the finest products in the area and possibly in Los Angeles. But that's where it only begins because they have expanded the concept by adding a wonderful menu serving breakfast, lunch and dinner at one of its major locations with overwhelming success.  The concept is upscale counter order and serve. The ambience is clean, refreshing and comfortable with super high ceilings and professional servers who service their customers with a happy smile!  In other words, they are very well trained to produce happy results.

FINANCIALS

This concept is so successful that sales in 2019 are up 20% over 2018 and the growth just keeps coming because of the great service with a smile, value and of course amazingly great food. 2018 sales were $2.4 million while 2019 were $2.9 million - WHAT GROWTH!  2019 Working Owner Cash Flow is about $538,000.  Fully burden 2019 labor costs were 29.0% while food and beverage costs were 33.3% with a rent factor of 5.5%.

SBA LOAN

This business has good tax returns and an SBA loan is available for qualified buyers with 20% or more down.  Annual Estimated Payments are about $232,000 with a 10 year loan @ 7.5% interest rate. 2019 working owner cash flow was $538,000 leaving about $330,000 in available cash flow for a new owner.

Demographics

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