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Quick Service Restaurant - Absentee, Established

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $425700
Net Profit / Cash Flow  $90500
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2001
Number of Employees  4 - 5
Inventory  20000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  2 weeks at 20 hours/week.
Reason for Sale  Personal.
Description  This Eagle Rock quick service restaurant is well-established and absentee owned. This Hispanic oriented fast food venue consistently generated between $35,000 and $40,000 in monthly revenues, and could boast working owner profits near $10,000 per month. The facility has a grill, stove, deep fryer, salad prep tabled, point of sale system, walk-in cooler three bucket dishwashing sink, ADA approved rest room (through the kitchen) and seating for approximately 36 patrons. Asking Price $160,000. This 1,100 square foot facility leases for $4,905 per month on a lease that should be valid until 2013 with one five year option. The sale includes all of the business's furniture, fixture and equipment as well as its 8 years of goodwill. This restaurant does have a few adjacent fast food venues; however, none are considered direct competition in this food segment. The business is located in a busy area that provides it high visibility and a somewhat built-in client base, thus providing it a fair amount of protection from immediate competition from other venues with the same concept. A full-time working owner could naturally save in payroll expenses while ensuring top quality customer service and a formidable average ticket sale. New management may seek to expand the menu, or heavily market in the area as the current owners rely on the venue's high visibility location, coupled with word of mouth referrals and its established reputation.
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