Review

Mediterranean Restaurant
Restaurant, Food Related
In or near Los Angeles

Status: Available
Price: $149000
Sq Ft: 1,750 Sq Ft.

LBA Listing # 6238
 

  




  




  




  




  




  




  




  




  




  




  




 
Mediterranean Restaurant
Restaurant, Food Related


Los Angeles LBA Listing # 6238
Great Location full kitchen and pizza oven Mediterranean Restaurant located in a great shopping center with Patio Space and  high visibility. Restaurant has been in Business for over 9 years and under current ownership  7 years plus. No Beer and Wine but it is possible to add. It is 1,750sq.ft. Rent $4700 including NNN, 3% annual increase. Lease term 3 years remaining with 5 year option to renew. Gross Annual Sales are about $480,000. including outside catering which is about $3,500/m. He also claims his net Income is about $96,000. Payroll is about $9,000/m with 5 employees plus the owner. Food Cost about 25%. Open 7x days a week (11am-9.pm).
Status: Available
Price: $149000
Sq Ft: 1,750 Sq Ft.  


Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Mediterranean Restaurant
License(s) Required: Business, Health, ABC
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 6238
Date Available: 9/29/2018
Reason For Sale:
Annual Total Revenue: 480,000
Annual Net Income: 96,000
Inventory:
Monthly Payroll: 9,000/m
Lease Information
Base Rent: 4,700/m
Lease Expires: 2021
Lease Option: 1 x 5 years option
NNN: Including
 
Financing Information
Down Payment: 149,000
Owner Will Carry:
Other Finance Terms:
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors of San Francisco, Inc.