Review

Franchise Restaurant
Restaurant, Food Related
In or near Los Angeles

Status: Available
Price: $249000
Sq Ft: 1,900 Sq Ft.

LBA Listing # 6226
Franchise Restaurant
Restaurant, Food Related


Los Angeles LBA Listing # 6226
Franchise Restaurant for sale. Located close to busy part of town. Gross sales are about $625K verifiable!. Fully absentee operated, Nets about $75K per year.

Location is been there since 1996, 4 years lease left plus option. Rent is about $5,600 including NNN. 3% annual increase. 

1900 sqft space. Royalty Fees are 6% per month One time Franchisee fee and training fee about $18,000

This location is due for a remodeling to the new Fresh look (Cost about $60 to $75K).

Possible SBA loan with 35% down

 Franchise Agreement 8 years remaining

Open 7 Days per week 11Am to 9 PM. Possible to add Beer & Wine

11 Employees FT and Part Time + Manager, Payroll about 26% of sales (about $13K/M)

Food cost including supplies about 33%.

 Great opportunity for a family to operate!!!

Status: Available
Price: $249000
Sq Ft: 1,900 Sq Ft.  


Business Information Financial Information
Ownership Type:  Corporation
Year Established: 1996
Year Purchased:
Business Type: Franchise Restaurant
License(s) Required: Business, Health, ABC
Hours of Operation: 11am-9pm / 7 x days a week
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 6226
Date Available: 6/21/2018
Reason For Sale:
Annual Total Revenue: 625,000
Annual Net Income: 75,000
Inventory:
Monthly Payroll: 13,000/m
Lease Information
Base Rent: 5,600/m
Lease Expires: 2022
Lease Option: plus option
NNN: 3% annual increase
 
Financing Information
Down Payment: 249,000
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.