Indian Restaurant $80,000; Net Profit $55,000

North Hollywood, CA (Los Angeles County)

Seller Financing Available
Indian Restaurant $80,000; Net Profit $55,000
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Asking Price: $80,000

Cash Flow: $55,000

Gross Revenue: $275,000

EBITDA: $55,000

FF&E: $20,000

Inventory: $5,000*

Rent: $3,300 /Month

Established: 2016

*not included in asking price.

Indian Restaurant $80,000; Net Profit $55,000

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Business Description

This Indian restaurant is in a very busy strip mall patronized by locals and nearby commercial establishments! The restaurant is about 1200 sq. feet and seats 27 people. They serve Indian/Pakistani menu, have very good Yelp reviews and are known for the food quality, taste and affordable pricing.
They have a user-friendly website, a mobile app and deliveries through Ubereats, Grubhub, Doordash, Postmats, Mealhi5, etc.
The rent is a reasonable $3,300 gross with lease till 2023 and further options negotiable. All equipment is in reasonable and working condition. Restaurant can be easily converted to cater to any other cuisine also. Owner will stay back for two weeks at no additional cost to buyer.
With rising sales revenues, the owner takes home about $4,250 per month. Keep the restaurant open on Sundays and have additional revenue! Owner operators who are cooks/chefs can save the salary of one chef. Business is priced for a quick sale at $80,000. Family sickness and other issues force the sale. Motivated seller! All reasonable offers will be considered!

Detailed Information

Location:
North Hollywood, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
6/1/2023
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All kitchen equipment is in good and working condition. Restaurant seats 27 people. Good street visibility.
Competition:
Normal.
Growth & Expansion:
Keep the restaurant open on Sundays and earn additional revenue. Increased marketing and advertising required.
Financing:
Negotiable
Support & Training:
2 weeks at 40 hours per week. Additional training, if required, on mutually agreed terms.
Reason for Selling:
Family issues.
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Mike Jasani

Business Listed By:
Mike Jasani

Sunshine Business Brokers

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