Drive-Thru Burger: Rev $1.31M, Netting $228K, SBA apprvd, Prc $650K,

Covina, CA (Los Angeles County)

Drive-Thru Burger: Rev $1.31M, Netting $228K, SBA apprvd, Prc $650K,
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Asking Price: $650,000

Cash Flow: $228,000

Gross Revenue: $1,308,000

EBITDA: N/A

FF&E: N/A

Inventory: $15,000*

Rent: $7,000 /Month

Established: 2005

*not included in asking price.

Drive-Thru Burger: Rev $1.31M, Netting $228K, SBA apprvd, Prc $650K,

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Business Description

> An old-fashioned hamburger restaurant. A free stand bldg. situated at the main point of the signal corner. One of the areas where rapid Hispanic population growth and development are actively progressing.
> Turnkey. EBT accepted. Huge and convenient parking. 15 years in business by the seller.
> Offering an extended menu, such as breakfast, lunch, dinner, burritos, tacos, sandwiches and house combo meals.
> Good indications are that consistent sales and profits have been maintained for many years and continue to this day.
> Rent is very reasonable as less than 6% of the revenue. 15 years long-term lease in place.
> Motivated seller. For more, see below:
• Monthly turnover is $109,000 on average, of which sales by EBT account for $5,000-$8,000
• The average net income is anywhere between $18,000 - $20,000 a month
• Cost of goods sold is on average 32%
• All-in rent is $7,000, including Triple Net / CAM
• Premise Sq. Ft is approx. 2,350
• 5 years remaining on the current lease plus 2x5 years year option
• Sales tax is an average of $4,000 per month
• Open from 7:00 am to 10:00 pm, 7 days
• 18 employees: currently 5 full-times and 13 part-times
• One owner works 7 days a week for management or help whenever- whatever needed
• Run for 14 years by the seller
• Fine parking for over 34 cars
• SBA loans have already been approved with a 30% down. If $460,000 is financed, an amortization of about $5,460 per month expected for 10 years at 7.5% annum. Interest may vary depending on buyer's credit scores and SBA scoring system
• For quick inquiries or a "walk-by', contact Kevin Kim at beeinvest.kim@gmail.com or leave a voice mail or brief text message at (714) 345-6514
• If you are really serious to grab this opportunity, please come to our office at 5730 Beach Blvd, #200, Buena Park, CA 90621

Detailed Information

Location:
Covina, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,350
Lease Expiration:
12/31/2034
Employees:
18
Facilities:
Has a drive thru, Full kitchen, Hoods, Grill, Char-broiler, Walk-in freezer, Steam table, prep table, refrigerators, Ice machine, 23 booths with 86 seating capacity, Huge parking for over 34 cars
Competition:
There are hamburger restaurant in a mile radius, including other fast food and eating facilities
Financing:
N/A. SBA loans aproved
Support & Training:
2 weeks afer closing
Reason for Selling:
Retirement
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(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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