West Hills / Canoga Park Area Poke Restaurant – Absentee & Profitable!

Canoga Park, CA (Los Angeles County)

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Asking Price: $225,000

Cash Flow: $137,391

Gross Revenue: $981,642

EBITDA: $137,391

FF&E: N/A

Inventory: N/A

Rent: $8,394 /Month

Established: 2009

West Hills / Canoga Park Area Poke Restaurant – Absentee & Profitable!

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Business Description

This West Hills / Canoga Park area Poke restaurant is a profitable absentee owned and operated business. The venue’s concept is ultra-simple as it does not require additional branding, is not associated with any particular ethnic food category and does not require a hood.

Detailed Information

Location:
Canoga Park, CA
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
15
Facilities:
This 1,200 square foot location leases for $8,394 per month including common area maintenance (CAM) expense on a 10 year lease with coverage until July 2026 and one 5 year option. All of the business’s furniture, fixtures, equipment, name, branding, menus, etc. will be included and will transfer in the sale. An estimated $3,000 in inventory will be sold at cost at close in addition to purchase price.
Competition:
While competition already exists in the area, this location and its project is tried and true. The venue has operated for nearly a decade and continues to have a loyal recurring customer base.
Growth & Expansion:
The concept is currently 100% absentee-operated, but could tremendously benefit from a full-time working owner-operator. This would not only minimize wage expenses, but it would also help to ensure top quality customer service and the highest average ticket sale.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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