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Quick Service Restaurant For Sale

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $432000
Net Profit / Cash Flow  $69000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2011
Number of Employees  4 - 5
Inventory  2000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  2 weeks at 20 hours/week.
Reason for Sale  Personal.
Description  This Hollywood Boulevard quick service restaurant occupies an A+ location with excellent visibility, foot traffic and parking at the epicenter of the areas commuter and tourist market. The restaurant, which is Yelp proof as 95% of its customers are tourists, offers easy to prepare high quality food at competitive prices. The turnkey operation has built-in customer traffic, a large patio, newly upgraded electrical and plumbing, a large walk-in cooler, and plenty of dry storage together with onsite parking and a large office with surveillance equipment. The sale includes all of the businesses assets including a full kitchen with a stove, grill, griddle, deep fryer, salad prep table, an ice machine and an automatic dishwasher, a two door fridge, a 3 bucket sink and a walk-in cooler. The facility is approved for a beer and wine license and had one, however, the owner opted not to renew it to avoid any potential hassles associated with serving patrons alcohol. Asking Price $180,000 This prominently located 1,400 square foot facility with parking and an office leases for $7,000 per month including common area maintenance expenses. The lease is valid until June 2016 with one 5 year option. This quick service restaurant is located at the epicenter of tourist activity on Hollywood Boulevard. As such, it does face immediate competition however it boasts an unmatched location. New owners may seek to modify or expand the current menu offering, extend the 10 am to 10 pm business hours to include breakfast service or to cater to the late night crowd, or once again obtain a beer and wine licenses which would also cater to the evening crowd, while increasing the venues overall profit margin.
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