Indian Restaurant on Vine in Hollywood for sale

Hollywood, CA (Los Angeles County)

Indian Restaurant on Vine in Hollywood for sale
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Asking Price: $120,000

Cash Flow: $75,000

Gross Revenue: $600,000

EBITDA: $75,000

FF&E: N/A

Inventory: $3,000*

Rent: $4,400 /Month

Established: 2016

*not included in asking price.

Indian Restaurant on Vine in Hollywood for sale

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Business Description

Business Type: Full Service India Restaurant
Building & Parking: Strip Center
Days Open & Hours: 7 Days 11:00 Am to 11Pm, Close between 3-5pm
Store Size: Approx Approx 1,300 Sq. Ft.
Lease Terms: 1 years with one 2x5 year options
How Long Estab: 3 Years
No. of Employees: 7 Full-Times including 2 drivers
Average Monthly Gross Sales: $50,000.00 (Approx) Represented by Seller as per Listing Agreement

Average Monthly Expenses (Approx.): Represented by Seller as per Listing Agreement
Rent: $4,400.00 Gross Rent
Cost Of Goods: $15,000.00 Including supply such as paper goods
Payroll: $18,000.00 Including all payroll taxes
Advertising: $500.00
Internet & Phone: $260.00
Gas: $550.00
Accountant: $150.00
Electric: $650.00
Insurance: $120.00
Card services: $750.00
Misc: $3,500.00 Such as credit card service, Fees, Taxes and others
Total Expenses: $43,880
Average monthly Net Income: $6,120.00 (Approx) Represented by Seller as per Listing Agreement

Remarks: Great Location, on Vine Street
Remarks: 60% of Gross sales are from delivery order

For more information please contact Remy Chen @ 213-798-9987

Broker/Agent does not guarantee the accuracy of the income, expenses or other information concerning the business provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals.

Detailed Information

Location:
Hollywood, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
N/A
Employees:
7
Support & Training:
2 weeks
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Contact the Seller

(from currently available funds)
 
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Remy Chen

Business Listed By:
Remy Chen

Ivy Realty Co.

Show Phone Number

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