Profitable Family Restaurant & Sports Bar

Los Angeles County, CA

Seller Financing Available
Profitable Family Restaurant & Sports Bar
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Asking Price: Get Financing: $850,000

Cash Flow: N/A

Gross Revenue: $2,589,348

EBITDA: $493,548

FF&E: N/A

Inventory: $33,137*

Lease Rate: $5,300 /Month

Established: 2009

*not included in asking price.

Profitable Family Restaurant & Sports Bar

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Business Description

*** IN ESCROW*** This Family Restaurant / Sports Bar is located on a major street, HIGH TRAFFIC FLOW with freeway access! The location is with-in 1 1/2 mile radius of the 91 and 605 FWY exchange. The business was first opened in 2009 and moved to this newly custom-built location 4 years ago and has shown a healthy increase in sales and PROFIT each year. The building, will NOT be disappointing, it was constructed for this business featuring a modern kitchen, most equipment was purchased new with move to this location, high industrial ceilings and one open space seating 86 people inside and another 75 on the outside patio. Plenty of parking!! 2016 showed a healthy net profit of approx $340,000 even though menu prices were not adjusted for minimum wage increase which drove payroll up to 43%. In 2017 menu pricing has been adjusted, labor is at 27%, business acquired a type 47 liquor license (full bar) in March 2017 which has increase liquor sales and growing, Owner added a Catering Manager early in the year of 2017. FOR 2017 YEAR BUSINESS HAS NET PROFIT OF $493,548 see attached. For further information an NDA, Non Disclosure Agreement will need to be signed by potential Buyer. See supplements for NDA AND 2017 PROFIT AND LOSE STATEMENT

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,128
Lease Expiration:
N/A
Employees:
40
Facilities:
The Building was constructed for this business featuring a modern kitchen, most equipment was purchased new with move to this location, high industrial ceilings and one open space seating 86 people inside and another 75 on the outside patio. Plenty of parking!!
Growth & Expansion:
With just 1 year with a full bar Owner has found new revenue and increase in sales. There is a real potential for increase in sales with a strong online presents, business is only producing about $250 in carry out. Semi absent Owner, and now is no longer living in the State. VERY MOTIVATED
Support & Training:
30 day due diligence and training
Reason for Selling:
Moved out of State
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Craig Frisinger

Business Listed By:
Craig Frisinger

Nationwide Real Estate Executives

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