Iconic Hot Dog, Breakfast, and Deli Restaurant

Los Angeles, CA (Los Angeles County)

Iconic Hot Dog, Breakfast, and Deli Restaurant
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Asking Price: Get Financing: $234,999

Cash Flow: $125,655

Gross Revenue: $560,000

EBITDA: $125,655

FF&E: $20,000

Inventory: $2,500

Lease Rate: $3,620 /Month

Established: 1965

Iconic Hot Dog, Breakfast, and Deli Restaurant

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Business Description

One of the San Fernando Valley's iconic hotdog, hamburger, and deli establishments has become available for sale. Modeled after the ever popular East Coast Hot Dog spots, it's a low risk-high margin formula for success. Nearly 50-years of continuous operations, with nearly 25-years at its current location is a strong indication of a simple formula, one that just keeps working. Their food items are always fresh and of the highest quality, offered at extremely affordable prices. The operating hours are 6:30 AM- 5PM on weekdays and a bit shorter on weekends. The business enjoys consistently great Yelp reviews.

They have a very strong breakfast trade, with a robust catering & take out trade for both breakfast and lunch. Fresh deli meats, burgers, franks and vegetables are a stable for many of their signature sandwiches. The majority of their menu items are priced around $5. Consequently, given competitors' prices, there is ample room for pricing increases over time, with little likelihood of losing business. Many of the customers have been coming back for years. Generations of parents have introduced their children, thereby helping to establish an ever younger long-term customer base.

The current owner is ready to retire. He readily admits that he has not adopted current technology via social media and other means to enhance marketing. An energized new owner would have lots of opportunities to grow the business. Deliveries to local businesses, on line ordering for quick pick-up, catering for parties are just a few of innovations that would grow the business. Participation in online delivery platforms such as Postmates, Uber Eats, Yelp Delivery, etc would be a fantastic way to expand profits while minimizing expense. Owner says many customers have approached him about franchise opportunities. When you start with a business that has been well-established and popular for nearly half a century, there are many growth options for a savvy new owner.

A highly consistent and predictable historical revenue forms the basis for the sale price. Unlike many fast food establishments there are solid supporting financial records available. The current owner has intentionally run a clean businesses with transparent financial records.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,050
Lease Expiration:
4/1/2023
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Seating for approximately 40-50 Patrons, restrooms, parking, outdoor patio area.
Competition:
Items on menu are priced below competition. There is ample room to expand pricing
Growth & Expansion:
Numerous customers have inquired about franchise opportunities. The current owner simply doesn't have the time or desire to pursue any of these opportunities.
Support & Training:
Owner (or agent) will provide training for TBD duration.
Reason for Selling:
Owner Retirement
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Nick Mercuro

Business Listed By:
Nick Mercuro

Pacific Business Advisors

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Sponsoring Broker:
Fred Mercuro

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