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Food Court Outlet

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $180000
Net Profit / Cash Flow  $63240
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2005
Number of Employees  1 - 3
Inventory  16000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks at 20 hours/week.
Reason for Sale  Personal.
Description  This Downtown Los Angeles restaurant for sale is located in one of Downtown's best known food courts. The business, which has been established over five years, offers its loyal patrons a steadfast non-Chinese Asian food fare at an excellent price. This efficient kitchen, which benefits from a large shared seating area, has a beverage fountain, deep fryer, grill, two stoves, an oven, salad preparation table, refrigerated food prep tables, a large refrigerator, and a three bucket dishwashing sink. Asking Price $65,000. This ultra-efficient 330 square foot facility leases for a nominal $2,300 per month on a lease with one year remaining and one five year option. As such, a new lease will likely be granted upon the sale. The lease includes all water and estimated electricity expenses. All of the business's furniture, fixtures, equipment, goodwill, and lease rights will transfer in the sale. This Asian kitchen is located in an ultra-busy food court setting. As such, there is no shortage of direct competition immediately surrounding the restaurant. That said, no other restaurants offer the same food fair, or even comparable food fare from the same country of origin, providing this location a competitive advantage over other dining options. The small kitchen has maintained consistent levels of profitability for years. A new owner may seek to maintain the same concept to achieve similar revenues, add additional items to the menu offering, or modify the concept completely. Alternate food options that may work well out of this location include Thai, Korean or Mongolian BBQ, Philippine, South American (Peruvian, Argentine, Brazilian), American BBQ, Hamburgers and Hot Dogs, or even Vietnamese Pho or Sushi.
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