Profitable Indian Restaurant for Sale

North Hollywood, CA (Los Angeles County)

Profitable Indian Restaurant for Sale
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Asking Price: $95,000

Cash Flow: $62,500

Gross Revenue: $300,000

EBITDA: $62,500

FF&E: $20,000

Inventory: $5,000*

Rent: $2.75 /Month

Established: 2015

*not included in asking price.

Profitable Indian Restaurant for Sale

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Business Description

This Indian/Pakistani restaurant is in a very busy strip mall which has a variety of restaurants and patronized by locals and commercial establishments! The restaurant is about 1200 sq. feet and seats 27 people. They serve teriyaki and Indian/Pakistani menu, has very good Yelp reviews and is known for its food quality, taste and affordable pricing.
They have a user-friendly website, a mobile app and delivers through Ubereats, Grubhub, Doordash, Postmats, Mealhi5, etc.
The rent is a reasonable $3,300 gross with lease till 2023 and further options negotiable.
With rising sales revenues, the owner takes home about $5250 per month. The sales are projected to increase to $30,000 per month. Owner operators who are chefs can save the salary of one chef and take home about $8000 per month. Business is priced for a quick sale at $95,000. Family sickness and other issues force the sale.

For more information, please contact Mike Jasani

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
2/28/2023
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Seats 27 people. Kitchen has newer Indian oven. All equipment is in working condition and good order.
Competition:
Located in a strip mall with variety of restaurants
Growth & Expansion:
Projected to increase sales revenue to $30,000 per month in the next 3 months. Owner operator who is chef/cook can increase net profit by about $3000
Support & Training:
2 weeks at 40 hours per week
Reason for Selling:
Family issues and sickness
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Contact the Seller

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Mike Jasani

Business Listed By:
Mike Jasani

Sunshine Business Brokers

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