Restaurant, Bar, Catering
Location:
United States
->
California
->
Southern California - Los Angeles Area
->
Los Angeles
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Very profitable Restaurant/Full Bar and Catering Business for sale Located in A Hotel in West San Fernando Valley. Restaurant has #47 Liquor License and seats 88 people. Bar equipped with Arcade games is a popular hang out for local patrons. Restaurant serves lunch and dinner 7 days/week. Breakfast and expanded pool service can bring in additional revenue. Catering Business delivers lunch to 3 Adult Day Care Centers Monday through Friday with 1,250 to 1,500 meals a week. Catering to ADHCs for over 7 years. Annual revenue of one million dollars with net profit of $400,000. 75% of revenue from Catering and 25% from Restaurant & Bar. Price is $1.25 million. Great business opportunity for an experienced operator.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$1,000,000
Cash Flow:
$400,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 1997
Number of Employees: 4 - 5
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 4 weeks at 40 hours per week following the close of escrow.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
|
Print Listing Id: 70091488
|
Business and Commercial Loans
Over 300 Lenders are waiting to help you with Financing for Business Purchase, Franchise, Commercial Mortgage or Equipment - Get Financing Now!
|
|
|
|
NEWSLETTER
|
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|
|
|
|
