Profitable Indian Restaurant for Sale in Los Angeles County, CA

Los Angeles, CA (Los Angeles County)

Profitable Indian Restaurant for Sale in Los Angeles County, CA
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Asking Price: $299,000

Cash Flow: $202,909

Gross Revenue: $630,006

EBITDA: N/A

FF&E: $60,000

Inventory: $15,000

Established: 1989

Profitable Indian Restaurant for Sale in Los Angeles County, CA

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Business Description

Owner-operated exceptional full-service Indian restaurant that specializes in Indian cuisine in Los Angeles County, CA. The restaurant features Indian fine dining, buffet option at lunch, and catering for large parties and events. The menu also includes an array of appetizers, soups, salads, curry, vegetarian, and non-vegetarian and beer & wine. The business has the potential for high growth, increasing profit, and positive cash flow! This restaurant has it all with a clean, nice build out featuring stylish décor and services loyal customers, new customers, and catering orders. It is comfortable, clean, and inviting for those looking for a fairly easy operation to run. The success of this restaurant is based on their great food and service for the last 29 years. In addition to being located in a convenient large plaza with a location in close proximity to a residential community, gym, grocery stores, large offices, and a hospital. There is an abundance of parking which makes the location convenient for customers. The restaurant also has a great online presence with great reviews on Yelp. The restaurant has been at the present location for many years with newer leasehold improvements of $45,000. The location has two hoods, dishwasher, and plenty of refrigerators. This opportunity is ideal for a buyer that has restaurant experience, and is an owner operator. FF&E are included in the sale. Seller is selling due to moving out of the country. Inquire now! For additional information contact listing agent Gina Veeragoudar at 310-819-5633.

Detailed Information

Inventory:
Included in asking price
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a leased location of 1,800 square feet with Total Rent of $7,942. Lease ends 10/2023. Seller is active in the business 6 Independent Contractors. Hours of operation are 11 AM to 3 PM and 5 PM to 10 PM, 7 days a week. $15,000 in Inventory and $60,000 in FF&E included in Asking Price. $45,000 made in Leasehold Improvements. Beer and Wine License Required.
Financing:
Seller will consider all offers
Support & Training:
10 days & 10 hours per week
Reason for Selling:
Moving out of the country
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(from currently available funds)
 
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Gina Veeragoudar, MBA

Business Listed By:
Gina Veeragoudar

First Choice Business Brokers LA

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Sponsoring Broker:
Adrianna Smith

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