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Burger Joint For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $34661
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2011
Number of Employees 6 - 9
Inventory 43000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Seller will train
Reason for Sale Cash flow - took two years to get through City of Santa Monica permit process
Description Gourmet burger restaurant near Santa Monica College. Feb. 2013 net was around $17, 500. Great location with parking! Keep the current surf burger theme or change the menu and decor to your dream restaurant. Sale are up. The permits are in place and the location is highly visible.
Completely built out with an upgraded hood, new grill and all the amenities. Permitting a restaurant in Santa Monica is extremely difficult. Save time and an a lot of money by buying an already permitted and operating restaurant in a great location.
This beach themed restaurant took two years to get city permits and nearly bankrupt the seller before it opened. The permitting process didn't leave the seller with enough working capital to properly launch the restaurant and do the needed advertising to drive higher sales. It has been open for 5 months and needs an energized entrepreneur to kick start this restaurant.
The restaurant has everything it needs to be successful with a new owner. The menu was devised by a top chef formally of Spago and Ma Maison. The them is ''shabby surf chic.'' The reviews have been very positive, thus far.
The sales only reflect 5 months open and has there been much advertising.
Seller is EXTREMELY MOTIVATED! All offers presented.
Interested parties please contact Shelli Margolin at 310 882-2200 ext 128.
Click Here To Contact Seller
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